The subtitle suffix phrase "...totalitarian nightmare" isn't helpful. To a child parents are totalitarian nightmare by his reckoning. Except that parents are no

The subtitle suffix phrase "...totalitarian nightmare" isn't helpful. To a child parents are totalitarian nightmare by his reckoning. Except that parents are not out mess kids over. Institutional power in a sphere of work is not definitionally totalitarian. It how you use it. Let's not conflate choice in a matter with intent to harm. A CBDC should probably have checks and balances anyway, because human factors sometimes drift into nonsense. For example, maybe there can be per-US-state account with different administrative rules. This cuts both ways. The network of BC miners and users is still just people running code like the CBDC. Code can be changed. Forks can occur. People can decide other things then act on it. In fact it's worth reminding that non-CBDC have never had to deal with the full set of roles and responsibilities of a serious national currency in an international setting under war, pandemics, depressions, social welfare (payments from Congress) and major Wall Street failures. It's far, far from clear that BC would emerge running the same 1.0 version of BC on the same fork it seven years ago.