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> So as govt has the power to seize bank accounts anyway, CBDC would not make any difference at all in this case, it's a question of govt accountability. So be
by bleuchase 5y ago
> So as govt has the power to seize bank accounts anyway, CBDC would not make any difference at all in this case, it's a question of govt accountability.
So because it’s possible we should consent to a system that makes it programmatic and infinitely scalable across the whole population?
You don’t seem to get the implications of government-controlled programmable money.
https://bfsi.economictimes.indiatimes.com/amp/news/policy/digital-currency-yuan-comes-with-an-expiry-date-spend-or-it-will-vanish/82059471 https://bfsi.economictimes.indiatimes.com/amp/news/policy/di...