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Your original point of contention was that CBDC isn't even a cryptocurrency. It is presumably using the tech that was built by the crypto community, like smart
by Fervicus 4y ago
Your original point of contention was that CBDC isn't even a cryptocurrency. It is presumably using the tech that was built by the crypto community, like smart contracts.
- mitthrowaway2 4y agoWhy would you presume that? I think it's much more likely to use the same tech that banks and credit cards use for their own bookkeeping. "Money with an expiry date" is in line with line-of-credit products that banks already offer, and taken to its continuous limit, is simply a negative interest rate.
- Fervicus 4y agoBecause they are already talking about it. https://www.forbes.com/sites/sap/2021/03/25/as-programmable-money-emerges--central-banks-ramp-up-for--tokenized-economy/?sh=5431fb91c402 https://www.forbes.com/sites/sap/2021/03/25/as-programmable-... https://www.federalreserve.gov/econres/notes/feds-notes/what-is-programmable-money-20210623.html https://www.federalreserve.gov/econres/notes/feds-notes/what...
- int_19h 4y agoThere's no need for them to use smart contracts. Why would you need a self-enforcing contract if you're the guy with monopoly on violence who's enforcing everything in the first place? Smart contracts are an attempt to solve the issue of decentralized trust; this is literally the opposite, an attempt at hyper-centralization.