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Long time lurker here with no alts. Aren't tight capitol controls seen as a good thing? Surprised to see that as a con. > managed by parties who are not trust
by 0xParlay 4y ago
Long time lurker here with no alts.
Aren't tight capitol controls seen as a good thing? Surprised to see that as a con.
> managed by parties who are not trust worthy
I thought the idea behind CBDC was it would be a scriptable. Not trying to get heated here but are you saying the Fed isn't trustworthy?
I see the primary use case of banks to be 1) store and transfer funds 2) earn interest on savings.
Use case 1 could be handled by CBDC.
Use case 2 could be better handled by literally anyone else
Personally don't have any strong feelings regarding any of this. Interesting to see people get so passionate about banking.
- chii 4y ago> Aren't tight capitol controls seen as a good thing? Surprised to see that as a con. it depends on which side you are. I myself prefer that the state cannot easily regulate and control capital, but not impossible for them to in dire cases. E.g., they can control capital flow of criminals, but would need proof or courts involved. They cannot defacto control capital at will for an ordinary citizen.