Agree. I have no idea what people mean when they say central banks are working on a digital currency. What problem are they trying to solve?https://twitter.com/NickSzabo4/status/1167095667895881728 …
They usually mean something like bch has claimed they could achieve, they wrongly think they can securely scale to engage in the counter-productive activity of competing with the people who most make the dollar usable at retail (MasterCard, Visa, PayPal, Venmo, Square, etc. etc.)
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Yeah, that seems odd. If that’s the goal, then nothing would be more efficient than everyone having personal accounts at the fed. Thx for the reply!
Thanks. Twitter will use this to make your timeline better. UndoUndo
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no need to list paypal and venmo as separate entities
Thanks. Twitter will use this to make your timeline better. UndoUndo
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