News for hackers. Stuff that matters.
Re:Bank of England to explore a potential Central Bank Digit... by rvense on Monday April 19, 2021 @08:08AM (#26861824)
Money is infrastructure, and the digitization of money has resulted in the privatization of that infrastructure. I don't think that was ever part of the plan, really, as far as the government goes.
Re:Bank of England to explore a potential Central Bank Digit... by timelincoln on Monday April 19, 2021 @09:11AM (#26862346)
its a good point but more interesting to consider the history of money as a private enterprise, aka fractional reserve banking and independence of the fed, -> private financiers of governments going back through the ages. Modern gov fiat has been the best form of money yet but is still backed by private 'lending' . Whats SUPER interesting is how the proof of work -> proof of stake models continue to provide a monetary system in which the money holders control the system, it seems for now an unavoidable component -> good incentives for value allocators