I know the part about the government will be unpopular in some circles, but
Imo it’s the government’s job to facilitate trade and provide currency. Nowadays, digital trade is the norm, so the government needs to facilitate a digital currency that is functionally identical to cash. No fees (neither transaction nor accounting), no tracking, no restrictions on how to use it. Ideally, it works offline.
I’m eagerly awaiting what becomes of the digital Euro wallet.
“No tracking” is the one we’re least likely to get, since the.Christians want to.be a me to control what you spend it on
How would untrackable digital currency even work?
Any transaction is a request from one to another entity, with some authority registering the exchange of funds. Even bitcoin works like this, where the authority is the consensus of the network, instead of a bank.
Any system without some central authority seems impossible to keep safe from fraud to me. But while I’m skeptical, I’d love to be proven wrong here.
The most important aspect is control.
If it’s all digital they can cut you off at any moment, as they are doing now with certain journalists.
After the 2008 financial ‘crisis’ they had to decide on bail outs to reward the scammers.
After that they left their gambling system intact, nobody (except in Iceland) got punished and we will inevitably have another crash.
But they did change it for us suckers who paid for it the first time.
Now there is a bail in system where they will simply take anything above a certain amount on your account.Not only being able to be cut off, they can know specifically that any given person buys. There will be zero privacy
Data of your smoking, drinking, sugar intake and whatever for the insurance companies
