On: Bank of England to explore a potential Central Bank Digital Currency

[aww_dang]

It is about giving more control to central bankers.

Going fully cashless will make negative rates impossible to avoid. UBI can be more specifically targeted as well.

Generally speaking, the money supply exceeds the total amount of cash in most countries.

[Ericson2314 → aww_dang]

Yeah really looking forward for UBI being "one click away", and ditching privatized crap like Venmo.

[roody15 → aww_dang]

In other words a dystopian nightmare :/