Replying to August

Yeah, if it helped him get the WeChat experience, Elon would probably accept CBDC. But I don't think it is specifically part of his dream. Doesn't WeChat just run off of existing Chinese banking? It's been around a lot longer than talk of CBDCs have.
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mark tyler 2y ago

WeChat isn’t something I know much about, but doesn’t it accomplish the surveillance part of the CBDC value prop?

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ec
August 2y ago

Mostly, but with a CBDC it's more direct. The government will have all the transactions in a ledger and it's programmable money, but for them, not for us. The CCP either has or can request WeChat transaction history. I'm sure the Chinese try to get cash or use bitcoin for transactions they think their gov. will look poorly on. The central banks want to take the latter options away.