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It doesnt take much searching to find that is an actual proposed use case. https://www.google.com/search?q=cbdc+expire https://www.google.com/search?q=cbdc+exp
by tastyfreeze 5y ago
It doesnt take much searching to find that is an actual proposed use case.
https://www.google.com/search?q=cbdc+expire https://www.google.com/search?q=cbdc+expire
It doesnt take much knowledge of history to know that giving government full control over individual's money is a very bad idea.
- threeseed 5y agoNo it's an idea and never concretely proposed. And governments already have full control over an individual's money.
- roywiggins 5y agoGovernments already have control over money by simply being able to choose what is and isn't legal to use. FDR outlawed private gold ownership. India banned cash: https://www.bbc.com/news/world-asia-india-37974423 https://www.bbc.com/news/world-asia-india-37974423
- matthewdgreen 5y agoGovernments have imperfect control over money. Outlawing private gold ownership and banning cash are two examples that are noteworthy because they were so extreme. Each created a huge amount of controversy and havoc, and also required leaders to obtain buy-in from legislators and other political figures. The point of many CBDC electronic currencies is to reduce the barriers to this control, so restrictions on currency (such as expiring currency) can be implemented with a few keystrokes on a computer rather than, say, requiring everyone to turn in their cash and jewelry.