4 ms·
> Money above the cap would be "swept" into a customer's commercial bank account given that a digital pound would not be a means for storing wealth, he told mem
by realce 4y ago
> Money above the cap would be "swept" into a customer's commercial bank account given that a digital pound would not be a means for storing wealth, he told members of UK Finance, a banking industry body.
So digital money that can be destroyed at-will by the central government AND it's not even a "store of wealth" now?
What possible positive use would anyone currently without wealth want with this garbage? People of the UK need to get out from under this ASAP.
- lockhouse 4y agoThat’s the point, us serfs are supposed to own nothing and be happy. That should be just enough money to pay for leases, rents, and subscriptions. Only the elite wealthy overlords are supposed to own things and store wealth.
- thoughtstheseus 4y agoI did not notice anything being destroyed, can you elaborate? DCBC can be used to protect those with low income/wealth from inflation, offering tiered interest rates. It can be a tool for direct government subsidies & taxation.
- 2Gkashmiri 4y agowhy cant those all "features" be implemented to your savings bank account?