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Central Bank Digital Currency (CBDC) - soon to take control of your funds

The left-hand column contains the "advantages" that will be presented to us.
The right-hand column shows the counterarguments.


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ArishMell · 70-79, M
I don't believe the "control" fear, at least not in a democratic nation though I would not like to speak for the Russian and Chinas and Saudi Arabias of the world.

To a large extent we are at least half-way there, with a lot of people not using cash because they seem too think it not necessary, or at least limiting their cash use to small purchases, donations and the like.

What I do see as the real problem is the huge rise in unofficial "cryptocurrencies" that don't appear to have any real-world use but are traded in themselves. Rather than heading them off by a sort of competition these unofficial, bogus currencies should be shut down, world-wide. It would help the fight against climate-change and greedy demands on public electricity supplies too, because the servers dedicated to them are probably the largest single users of electricity devised, but for no constructive purpose.