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What kind of crackpot wrote this? Most new money "printed" is already digital and created through debt. If anything a digital currency would allow central banks
by Puts 5y ago
What kind of crackpot wrote this? Most new money "printed" is already digital and created through debt. If anything a digital currency would allow central banks to create more money without creating more debt.
- forum_ghost 5y agoI guess this "crackpot" would be Agustin Carstens, the General Manager of the Bank of International Settlements (BIS). Some irrelevant tinfoil type in the Swiss Alps somewhere, or something. He helpfully put it at a 2020 summit of the International Monetary Fund: “We don’t know who’s using a $100 bill today and we don’t know who’s using a 1,000 peso bill today. The key difference with the CBDC is the central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability, and also we will have the technology to enforce that… and that makes a huge difference.” absolute control on the rules and regulations that will determine the use absolute control on the rules absolute control He will OWN you. and you WILL like it.
- amusedcyclist 5y ago
- MadSudaca 5y agoIf the power to do it exists, it’ll get used, whether you know it or not. That’s why something as cryptography is so powerful. We can prove mathematically what can and cannot be done, essentially partitioning the universe of possibilities and granting you the privilege of not having to worry about some of those partitions.