Replying to Avatar The Beave

Well, yes. They aren't as competent as they think they are, and it's a pretty rickety system to start.

But... They are gonna try really hard.
Avatar
ben 1y ago

easy, theyll just change the monetary policy of the chain. ethereum has done it many times.

Reply to this note

Please Login to reply.

Discussion

Avatar
The Beave 1y ago

That doesn't answer my questions, though. CBDCs, by design, are programmable fiat. It can be changed down to the smallest division for any reason.

Say the wrong thing? Your balance gets burned.

Want to buy beef to stay carnivore? You won't be allowed to.

Want to leave your 15 minute city? You can't spend your CBDC in another town/city/whatever.