They've been talking about that a while. I wonder how they get anyone to use it, outside of replacing existing USD transactions with it (e.g. ACH, Visa/Mastercard, etc.) Even if they totally ban any other crypto who is going to want their government crypto. It defeats the purpose.
Even if they totally ban any other crypto who is going to want their government crypto.
Anybody who wants to be able to pay their taxes, at a guess. It's easy enough to force some level of participation, and once you have that, the government can make it reasonably difficult to trade between, particularly if they introduce the smart money thing that's effectively a limited-use voucher owned by your employer (or the government) rather than actual currency.
If mean, if they are going all-in on the smart currency thing, the sky's the limit with how authoritarian you could be. What's that? You like some stocks? I'm sorry, you're little people, your voucher won't work for that until you get some insurance - to protect the market, of course - that just happens to only be available to Wall Street types.
They've been talking about that a while. I wonder how they get anyone to use it, outside of replacing existing USD transactions with it (e.g. ACH, Visa/Mastercard, etc.) Even if they totally ban any other crypto who is going to want their government crypto. It defeats the purpose.
Anybody who wants to be able to pay their taxes, at a guess. It's easy enough to force some level of participation, and once you have that, the government can make it reasonably difficult to trade between, particularly if they introduce the smart money thing that's effectively a limited-use voucher owned by your employer (or the government) rather than actual currency.
If mean, if they are going all-in on the smart currency thing, the sky's the limit with how authoritarian you could be. What's that? You like some stocks? I'm sorry, you're little people, your voucher won't work for that until you get some insurance - to protect the market, of course - that just happens to only be available to Wall Street types.
Indeed. Your prescribed role in this little drama is to be the poor bastard losing his pension fund.