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> It’s pretty obvious … the ultimate goal here is for a central bank digital currency (CBDC) How is that obvious, or maybe — to whom? I think the whole CBDC i
by biztos 4y ago
> It’s pretty obvious … the ultimate goal here is for a central bank digital currency (CBDC)
How is that obvious, or maybe — to whom?
I think the whole CBDC idea as more like governments trying to pile on to the “blockchain” trend. We already have plenty of digitalization of our finances and it seems to be working ok, and while I’m sure there are some closet totalitarians who’d love to have a database of all transactions, I don’t think CBDC is the way they’re going to (try to) get there.
- FabHK 4y ago> I think the whole CBDC idea as more like governments trying to pile on to the “blockchain” trend. No. Central bank digital currencies need not be implemented with inefficient blockchain technology. Privacy is a big issue, but the solution to that is not a public blockchain. CBDC could be huge in actually disintermediating many banks. Note that in some societies (eg Sweden) most transactions are already cashless, so the whole issue of privacy is orthogonal to CBDC.