Are you able to summarise the problems?
Comment on Digital pound should not be considered until risks addressed, MPs warn
qdJzXuisAndVQb2@lemm.ee 11 months ago
I can see no doqnside to the state being able to track every transaction you make and devalue it at will, charge negative interest rates to encourage spending to boost ‘the economy’. Read the research papers banks issue on this topic, the bankers are salivating.
mannycalavera@feddit.uk 11 months ago
Hossenfeffer@feddit.uk 11 months ago
Are you able to summarise the problems?
- “the state being able to track every transaction you make”
- “[the state being able to] devalue [a digital pound] at will”
- “[the state being able to] charge negative interest rates to encourage spending to boost ‘the economy’”.
I hope that helps!
Opafi@feddit.de 11 months ago
I think he just did.
mannycalavera@feddit.uk 11 months ago
I was hoping for a bit more than a general assertion of “bad things will happen” 🤷
teft@startrek.website 11 months ago
He listed three problems with it. I don’t see a general assertion of anything in his comment.
Syldon@feddit.uk 11 months ago
Charge negative interest rates? How do you think that will affect the banking sector.