Are you able to summarise the problems?
Comment on Digital pound should not be considered until risks addressed, MPs warn
qdJzXuisAndVQb2@lemm.ee 2 years 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 2 years ago
Hossenfeffer@feddit.uk 2 years 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 2 years ago
I think he just did.
mannycalavera@feddit.uk 2 years ago
I was hoping for a bit more than a general assertion of “bad things will happen” 🤷
teft@startrek.website 2 years ago
He listed three problems with it. I don’t see a general assertion of anything in his comment.
Syldon@feddit.uk 2 years ago
Charge negative interest rates? How do you think that will affect the banking sector.