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Where are these theories of how a hypothetical future CBDC come from? Is there an official announcement from the Federal Reserve about how they would like it to
by kemotep 3y ago
Where are these theories of how a hypothetical future CBDC come from? Is there an official announcement from the Federal Reserve about how they would like it to work? A committee hearing in Congress where this is discussed?
- scottiebarnes 3y agoThe theories come from concerned critics mostly. As far as I know there has been no discussion as to how the government might influence the functionality of a CBDC.
- DANmode 3y ago“You could have a potentially […] darker world where the government decides that units of central bank money can be used to purchase some things, but not other things that it deems less desirable like say ammunition, or drugs, or pornography, or something of the sort“ Eswar Prasad, WEF Annual Meeting of the New Champions, June 2023
- DANmode 3y agohttps://sociable.co/government-and-policy/governments-program-cbdc-restrict-undesirable-purchases-wef-summer-davos-china/ https://sociable.co/government-and-policy/governments-progra... The above has some chatter about non-US nations exploring the expiry/programmability aspects.
- imtringued 3y agoI don't get it. The government could just ban the things it doesn't want instead. Also, nothing stops people from buying the goods in question by using a payment service provider/bank that provides a layer on top of the CDBC and automatically circulates the money for you behind the scenes to avoid the expiry.
- DANmode 3y agoYou mean the way they banned Wikileaks? ;]
- DANmode 3y agohttps://www.weforum.org/whitepapers/central-bank-digital-currency-policy-maker-toolkit https://www.weforum.org/whitepapers/central-bank-digital-cur...