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A comment on Central Bank Digital Currencies are coming. Parent comment

Re:Central Bank Digital Currencies are coming by anm89 on Monday October 19, 2020 @12:17AM (#24823297)
These "digital currencies" are simply new types of bank accounts where retail consumers can hold money at central banks. They are no more digital than any other bank account.

They have absolutely nothing to do with crypto either.

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Re:Central Bank Digital Currencies are coming by dalbasal on Monday October 19, 2020 @07:48AM (#24825433)
..are are they a "currency" in any augmented way, or is it just currency as it is now?
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Re:Central Bank Digital Currencies are coming by anm89 on Tuesday October 20, 2020 @04:50PM (#24842246)
The only currency involved in a digital dollar is USD. There is no new currency proposed here.

The thing that makes an existing dollar digital is being in a new type of bank account that is held by the fed instead of a retail bank. So this is an new type of bank account, not a new type of currency.

I do a youtube channel on monetary issues and my last video was specifically on this topic. Feel free to check it out if you are interested

https://www.youtube.com/watch?v=n9qnhV9SAyg

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