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A comment on Bank of England to explore a potential Central Bank Digital Currency. Parent comment

Re:Bank of England to explore a potential Central Bank Digit... by aww_dang on Monday April 19, 2021 @01:52PM (#26865887)
It is about giving more control to central bankers.

Going fully cashless will make negative rates impossible to avoid. UBI can be more specifically targeted as well.

Generally speaking, the money supply exceeds the total amount of cash in most countries.

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Re:Bank of England to explore a potential Central Bank Digit... by Ericson2314 on Monday April 19, 2021 @08:46PM (#26869511)
Yeah really looking forward for UBI being "one click away", and ditching privatized crap like Venmo.
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Re:Bank of England to explore a potential Central Bank Digit... by roody15 on Monday April 19, 2021 @05:46PM (#26868291)
In other words a dystopian nightmare :/
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