Britons face 20k digital pound cap under Bank of England plan

Re:Britons face 20k digital pound cap under Bank of England ... by pjkundert on Friday February 10, 2023 @08:55AM (#34739610)

CBDCs such as the proposed BritCoin, which implement programmable suicide pacts (holding caps, limits on what can be purchased/sold) must be rejected.

You have 2 choices — and one of them isn’t to not use “Crypto”.

Your choices are:

- do I hold only government controlled Cryptocurrencies, or

- do I hold Cryptocurrency that I control, and cannot be destroyed by my government at their whim?

[ Parent | on HN ]

Re:Britons face 20k digital pound cap under Bank of England ... by ihatepython on Friday February 10, 2023 @10:59AM (#34741382)

You are a fool if you think the government will allow any other cryptocurrency that they do not control.

[ Parent | on HN ]

Re:Britons face 20k digital pound cap under Bank of England ... by pjkundert on Friday February 10, 2023 @11:34AM (#34741942)

Well, I’d rather be considered a fool and give my children a chance to be free, than be considered wise and force them to live as slaves.

[ Parent | on HN ]

Re:Britons face 20k digital pound cap under Bank of England ... by ihatepython on Friday February 10, 2023 @09:30PM (#34748970)

If you want your children to be free, then the solution is to eliminate direct taxation. "No taxation without representation" was one of the slogans of the American Revolution.

The problem is taxation. A digital currency allows the government to tax everything you do. Government will simply confiscate any digital currency that competes with theirs.

[ Parent | on HN ]