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Bank of England tells ministers to intervene on digital currency 'programming'

• FatalLogic 5y ago
  Email registration bypass: https://12ft.io/proxy?q=https%3A%2F%2Fwww.telegraph.co.uk%2Fbusiness%2F2021%2F06%2F21%2Fbank-england-tells-ministers-intervene-digital-currency-programming%2F https://12ft.io/proxy?q=https%3A%2F%2Fwww.telegraph.co.uk%2F... https://archive.fo/qZJ3d https://archive.fo/qZJ3d
• nonrandomstring 5y ago
  This is a very, very dark path. This is moving toward something that is not "money" by any classical, broadly understood definition. Money has value precisely because it's universally enabling freedom. Programmable "vouchers" are _disabling_ instruments of control and domination. There is no limit to the labyrinth of Byzantine, Kafkaesque hell that this will inevitably become. I wonder if those proposing such ideas have any philosophical, psychological or technological perspective at all.
• mikro2nd 5y ago
  If you programme money to restrict what people can do with it, people will find something else to use for money for those restricted things. There's never a way to beat human ingenuity/deviousness.
• donkarma 5y ago
  s/programming/restricting
• beardyw 5y ago
  I think that is called "coupons".