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A comment on Britons face 20k digital pound cap under Bank of England plan.

Re:Britons face 20k digital pound cap under Bank of England ... by realce on Friday February 10, 2023 @09:20AM (#34739890)
> Money above the cap would be "swept" into a customer's commercial bank account given that a digital pound would not be a means for storing wealth, he told members of UK Finance, a banking industry body.

So digital money that can be destroyed at-will by the central government AND it's not even a "store of wealth" now?

What possible positive use would anyone currently without wealth want with this garbage? People of the UK need to get out from under this ASAP.

[ Parent | on HN ]
Re:Britons face 20k digital pound cap under Bank of England ... by lockhouse on Friday February 10, 2023 @10:44AM (#34741139)
That’s the point, us serfs are supposed to own nothing and be happy. That should be just enough money to pay for leases, rents, and subscriptions.

Only the elite wealthy overlords are supposed to own things and store wealth.

[ Parent | on HN ]
Re:Britons face 20k digital pound cap under Bank of England ... by thoughtstheseus on Friday February 10, 2023 @11:24AM (#34741778)
I did not notice anything being destroyed, can you elaborate?

DCBC can be used to protect those with low income/wealth from inflation, offering tiered interest rates. It can be a tool for direct government subsidies & taxation.

[ Parent | on HN ]
Re:Britons face 20k digital pound cap under Bank of England ... by 2Gkashmiri on Friday February 10, 2023 @12:18PM (#34742595)
why cant those all "features" be implemented to your savings bank account?
[ Parent | on HN ]