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Digimentality 2022
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A central bank digital currency (CBDC) is the digital form of a country's fiat currency.
A nation's monetary authority, or central bank, issues a CBDC, which promotes financial inclusion and simplifies implementing monetary and fiscal policy.
What are the worries about CBDC?
Put simply, a CBDC would most likely be the single largest assault to financial privacy since the creation of the Bank Secrecy Act and the establishment of the third‐party doctrine.
The threat to freedom that a CBDC could pose is closely related to its threat to privacy.
What is the fear of digital currency?
Figures on both the left and right fear that a digital currency would replace paper money, giving the government a way to track people's spending and even control it — say, by making it impossible to buy certain things with digital currency.
What is the danger of digital currency?
Intruders can steal or deplete digital-currency holdings, and they may also capture private keys (the cryptographic codes used to gain access to holdings).
If private keys, passwords, or wallets are stolen or lost, their value may be unrecoverable.
Digimentality Fear and favouring of digital currency
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Digimentality 2022
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Digimentality 2021
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