5 ms·

> Well.. precisely. At this point, though.. what incentive to the population is there for a central government "programmable" token of value? None

• deleted 4y ago
  [deleted]
• nicbou 4y ago
  Effective taxation in a country that's suffering heavily from tax evasion. Fighting fraud more effectively. I can't think of any other pleasant idea. It all boils down to applied surveillance.
  • starbugs 4y ago
    > Effective taxation in a country that's suffering heavily from tax evasion That can be done with a simple receipt. No need to 'invest' tax payer money into a complex CBDC system.
  • hakfoo 4y ago
    Two other thoughts: * Logistics: if you have poor infrastructure and remote communities, you eventually have to send armoured trucks full of notes and coins to replenish those lost to attrition or external trade. It seems a bit easier and less risky just to let people query the central bank from a satellite-based hotspot. * Universal access: Modern payment systems tend to be for the (relatively) well-off. Commercial banks aren't going to be interested in handing out debit cards and maintaining accounts for people with an average balance of only a few dollar-equivalents. A state program can afford to operate at a loss (and may actually deliver cost savings if it can be used as a cheap way to disburse subsidy or welfare payments)