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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 dragonwriter on Monday April 19, 2021 @07:11PM (#26868883)
> For example, cash limits how negative rates can go.

No, it doesn’t. Cash with depreciation or expiration (both preannounced and ad hoc) has been used before. Politics, not technology, limits the use of that tool, and CBDC doesn’t meaningfully change the politics.

[ Parent | on HN ]
Re:Bank of England to explore a potential Central Bank Digit... by JumpCrisscross on Monday April 19, 2021 @07:17PM (#26868935)
> Cash with depreciation or expiration (both preannounced and ad hoc) has been used before

Yes, if you changed the cash we're talking about, pounds sterling, it would be different.

> CBDC doesn’t meaningfully change the politics

Remember a few years ago, when IT would talk about getting long-needed projects greenly because they slapped "blockchain" on the proposal?Expiring cash is toxic. CBDC is not. Branding matters.

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