How you describe it, new digital one sounds better. Less middlemen, less different rules.
Discussion
Precisely! I was curious how it works and started reading about Taler and the general EUDC architecture, and then it came out to be really much easier than we have today.
Err no. It is also potentially programmable which means they can control what you spend it on or even make it worthless if you don’t spend it when required. CBDC.
But they can do it now too. They don't need CBDC to do it. That's the thing. Not a single CBDC scenario that can not be implemented TODAY if they really wanted.
Yes but it isn’t fully centralised. CBDC is full centralisation and control.
Money is absolutely fully centralized. Politicians are shaping it however they want and they control it however they want. They only wrapped it in many layers faking some kind of decentralization, but all we have to do is look at what is going on in the world and that's pretty much all info we need on state of decentralization of current system.
If money is decentralized i am decentralized too. My left hand and my right hand are not the same.
Theyd need to outlaw cash first as you could withdraw it from the bank and then adapt legislation to more intricatly control the banks too. Implementing CBDC is the more streamlined approach.
You can use cash after they introduce CBDC as it will not be outlawed so that would mean that anyone could skip CBDC which makes it irrelevant for purpose people make it to be (tracking, blocking etc.)
And if they plan to block cash in the future, why would they want to introduce CBDC when they could introduce whole programming and control in current system. It's like extra step for no real gain as it all depends on removing cash.
As i said before, every scenario that includes "control" or "blocking" that i ever heard simply does not stand on it's own in current proposed law for CBDC.
There are some that really make sense for EU. For example, they want to skip Visa and Mastercard as payment providers which are US companies. In current political climate that makes way more sense than anything else.
Maybe they will kill two birds with one stone, make alternative to Mastercard and Visa and track and block, i don't know, i just want to express that for most scenarios that people are talking about, they do not need CBDC i don't say that CBDC is good and i agree that it allows way too much insight in the future, once cash is dealt with (and i am sure it will be dealt with sooner or later). It just looks like an extra step for tracking and blocking without any benefits for tracking and blocking.
Well, I do see a very simple benefit of CBDC - for example, I would be finally able to do Zaps on Nostr without relying on some shitty Alby app at $9.99/month using interface similar to MetaMask ☺️ Or donate to a PeerTube channel, or pay an article subscription, all without a whole chain of global payment processors but as directly, as you pay with physical cash
