Thread - Nostr Hypermedia

What would be different? You create negative interest rate and people start ditching your money for other currencies or forms of value. Is it implemented via commercial banks or central bank, all the same to us users. I haven't seen SINGLE thing that CDBC could implement that can't be implemented currently with current digital currencies we all use (Euro, dollar etc.). And i have to be clear, i do not want CDBC. I just think it's not way worse than shit we have right now. That's why i run from current Euro to Bitcoin whenever i have excess of Euros. If CDBC makes coince obvious, i'm all for it. People should understand what kind of system they live in. This way, when everything is behind this and that, this is not good for us, citizens. We need sunlight on our currencies.

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Andy Scott AndyScott@purple.nostraddress.com 1 month ago

My take would be that commercial banks are gradually disintermediated. So, we don't all immediately have accounts directly issued by the central bank, but perhaps access via products issued by commercial banks at first. If this happens, I'd say it's a decent bet that the end goal would be for everyone to have direct CBDC accounts with the central bank, perhaps on the premise of financial inclusion for everyone. Once commercial banks lose their status, there's nothing between the customer and the central bank issuing and, most important, programming, the currency. They can then do what they want (link access, rates, privileges, to your social credit score). Like I say, I'm not overly concerned either, but I think this is the gist of most people's fears.

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