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A comment on Nobody’s using CBDCs. India’s piloting one anyway. Parent comment

Re:Nobody’s using CBDCs. India’s piloting one anyway by imtringued on Tuesday December 06, 2022 @01:57AM (#33876680)
A wealth tax on cash...? Are you kidding me? You can literally avoid it by going to the bank to save your money.
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Re:Nobody’s using CBDCs. India’s piloting one anyway by mitthrowaway2 on Tuesday December 06, 2022 @11:33AM (#33882751)
You misunderstand. The bank would be giving you a negative interest rate, so your account balance would always be exponentially decaying.

Cash would allow you to escape this, which is why it would be removed as an option.

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