Central Bank Digital Currencies are coming

Rewriting legislation would also enable that.

But why not partake in a massive real engineering project? It’s not like the environment cares! It’s just there.

Again, we already have solutions.

What happened to tech people’s DRY and KISS, don’t be clever, mantras?

Legislative capture is the engineering problem. Forcing Machiavellian machinery on society seems to be the only answer our dimwitted hierarchy can ever come up with.

It’s Jesus! Obviously it’s capital trade! Obviously it’s statistical!

Never, obviously it’s just people and I’m merely one of them.

How much longer is the aristocracy (including this scene since it’s wealthier than most and leverages that to export its expectations on others) expecting billions facing environmental collapse to nod and smile for a bunch of “godheaded” normies?

You all are LARPing nonsense in a very subtle way. Contorted language and made up objects conjured by clearly senile, puerile, selfish, ignorant leaders.

Controlling governments directly is the only real solution to any problem you bring up due to the never ending issue of legislative capture.

For a forum of supposedly bright, clever minds, repetitively iterating on the edge of what societies leaders “allow” seems self defeating and lazy.

If the result of all this work for a mercantile scoreboard exacerbates a real problem, technical engineering is a non-solution.

You all are risking your future by putting the next generation in a even more precarious position.

Ageism & guilt by association to our contemporary economic agency is going to bite the grown ups of today in their twilight years.

Look how indifferent we are about cohorts that statistically fall off our radar.

What the hell are they going to care about a bunch of gerontocrats who make up a smaller percent of the population than the 20-30yos and their young?

Obviously the environmental concerns for them are not there in you, tacitly supporting this.

And I am doing my part to make this happen by explaining this to kids, my own and others; when we’re old, shovel us into the bay. We’ll have earned for being the first form of society to leave behind such a mess.

I agree. In which case I think the question as posed in a sibling thread is central: How do CBDCs differ from the current digital settlement system already available at several central banks? The sibling thread mentions the Bank of England and the Danish central bank has a similar digital settlement system. Is it “just” a fancy term for a technical upgrade or is there a substantive difference in function?

Sure. None of it is secret.

There are regulations in place that enforce specific agenda under the guise of AML, fraud, sanctions, etc. For banks and MSBs type businesses that typically are covered under BSA. But even if you think you are not covered by BSA, there is always FinCEN, where OFAC's strict liability is a pretty big stick.

That was high level, but during a more recent conference I participated in ( ages ago now, but on that particular subject ), the discussion of AML professionals suggested something along the lines of 'we can already identify those illicit transactions, why can't we just stop them' ( and to a large degree it is true; your credit card, your bank, your msb knows to large degree what you are buying and what you may be into based on those purchases ). That particular conversation was about CBD products, which at the time were on a weird legal ground.

I want you to think about it. Your bank is already capable of deciding a specific type of product is bad for you. Has been for a while and there are people would like to have a say on what is bad. And they are gaining ground.

My point is, there is already sufficient amount of control each gate keeper has. All it really needs is a request from government to start gate keeping.

Hope this answer the question. There are obviously things I should not be talking about on a public forum and company specific info I can't talk about.

It’s little more than a current account at the central bank rather than a commercial bank.

Which of course removes bank solvency risk - just like cash

Honestly long overdue in my opinion. I've always thought of access to payment systems the same way as I think of clean drinking water. it's basic infrastructure and it should be available to everyone at as little cost as possible, both literal cost and hassle.

When I moved to the UK and healthcare basically worked by registering with a GP and that was it and I didn't have to deal with insurance any more it was extremely pleasant. I just want the same thing for payments tbh, just give me digital Euros, accepted everywhere and transfer it instantly between people.