None of the Above (![[info]](http://klab.lv/img/userinfo.gif){kind=small} artis) rakstīja,@ 2021-04-19 15:31:00 |
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CBDC / Bank of England Discussion Paper on Central Bank Digital Currency
The idea is to let the government control the 'velocity of money'. For example, the US is giving out stimulus checks for COVID - the clear goal is to keep business afloat and people spending, but what if they just put the money into savings or crypto? The government did not achieve their goal. To achieve their goal, they program the money with "must be spent on consumer goods and/or rent in the next 6 months." Then they put a "smart contract" on the money and say "can only be spent if you are drug free and looked for a job in the last 6 months."
https://www.youtube.com/watch?v=EM7NB1_
The idea is to let the government control the 'velocity of money'. For example, the US is giving out stimulus checks for COVID - the clear goal is to keep business afloat and people spending, but what if they just put the money into savings or crypto? The government did not achieve their goal. To achieve their goal, they program the money with "must be spent on consumer goods and/or rent in the next 6 months." Then they put a "smart contract" on the money and say "can only be spent if you are drug free and looked for a job in the last 6 months."
https://www.youtube.com/watch?v=EM7NB1_
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