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goodietime

02/18/23 11:42 AM

#105541 RE: indepth05 #105540

"Here is a good article about the business model and how it'll affect commercial banks."
https://sites.duke.edu/thefinregblog/2019/05/22/when-tech-meets-money-the-central-bank-digital-currency/

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"On the negative side, the CBDC could lead to the end of anonymous payments and create new privacy concerns. With direct access to all monetary transactions, the government would have complete transparency into citizens’ payment history and the potential to censor certain activities or individuals."

NO THANKS!
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stockmojo9

02/18/23 1:06 PM

#105542 RE: indepth05 #105540

Thanks, indepth05.

I think the information you have provided about Mr. Addiss and his conference is interesting.

I am thinking about it but it seems too much control for a central bank as opposed to giving banks a role that expands the money supply.

Additionally, there is too much fraud in existing coins that use too much energy with too much volatility, IMO.

Good luck.

mojo9