As bad as it will be initially, because it's run by a bunch of boomers and programmers on contract who aren't very good ( Probably Indians on the lowest payroll possible ) it's going to be hilarious seeing how quickly it all falls apart. They're trying to hype it up now, but all these poorly designed and overly fancy instruments are going to fail and it is going to cause absolute chaos when they implement it. Not only because of sabotage by a disgruntled public but general incompetence too. Imagine how bad of an idea it is having so much of your infrastructure and security requiring a constant stream of electricity and internet connections and you get the idea.
I think the US is slightly better about protecting the right to use cash than the EU is, but not much.
Oddly, or at least surprisingly to me, it seems Japan is much more cash oriented.
I'm fully expecting it to be gone sooner or later. Chinese-style social credit / social control is too tempting for authoritarians.
As bad as it will be initially, because it's run by a bunch of boomers and programmers on contract who aren't very good ( Probably Indians on the lowest payroll possible ) it's going to be hilarious seeing how quickly it all falls apart. They're trying to hype it up now, but all these poorly designed and overly fancy instruments are going to fail and it is going to cause absolute chaos when they implement it. Not only because of sabotage by a disgruntled public but general incompetence too. Imagine how bad of an idea it is having so much of your infrastructure and security requiring a constant stream of electricity and internet connections and you get the idea.