What is the fuss over central-bank digital currencies?

Re:What is the fuss over central-bank digital currencies? by nfoz on Saturday February 20, 2021 @02:01AM (#26202216)

I buy pretty much everything with VISA or Paypal. If I want something to be private, I could do it with cash or a cryptocoin. I think it would be nice if govt (via crown-corp or some such) provided an alternative that I can choose to use sometimes. They might have a better privacy-policy than I'm getting from the big companies lol.

This might also open up new markets, e.g. micropayments, because govt could choose to eat the cost of this to enable some industries that right now cannot exist because transactions are too expensive.

[ Parent | on HN ]

Re:What is the fuss over central-bank digital currencies? by PurpleFoxy on Saturday February 20, 2021 @05:20AM (#26203109)

Cash is doomed to be phased out and Covid has sped this up a lot. Eventually you won’t have the option to use cash.

[ Parent | on HN ]

Re:What is the fuss over central-bank digital currencies? by dv_dt on Saturday February 20, 2021 @02:32AM (#26202341)

Cash is private. Most cryptocoin are not particularly private. The few that set out to be private may or may not succeed at being private or being a widely exchanged digital currency.

[ Parent | on HN ]

Re:What is the fuss over central-bank digital currencies? by nigerian-craft on Saturday February 20, 2021 @03:20AM (#26202552)

I'd like to introduce you to a man named David Chaum

https://en.wikipedia.org/wiki/Blind_signature

https://docs.wasabiwallet.io/building-wasabi/TechnicalOvervi...

[ Parent | on HN ]