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Comments by "" (@DanielSMatthews) on "RBA to investigate economic benefits of a central bank digital currency" video.
Real time tracking of all transactions rather than only the tracking of transactions over $10,000 may be part of their plan.
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A centralised digital currency seems to be an oxymoron, isn't the entire point of DCs to decentralise the tracking and transmission of wealth? I guess the RBA may use it as a way of giving people a separate monetary realm that is more speculative to then take pressures off the primary currency and therefore make it more stable.
2
A centralised digital currency seems to be an oxymoron, isn't the entire point of DCs to decentralise the tracking and transmission of wealth? I guess the RBA may use it as a way of giving people a separate monetary realm that is more speculative to then take pressures off the primary currency and therefore make it more stable.
1
@johnhoylesunvaccinatedbrot5421 Yes there is that issue too. It may just be a seperate set of numbers on a computer with your ID linked to it. AUD1 AUD2 with there values not pinned to each other.
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@Birdpoo777 Yes there is a huge threat to liberty in that scenario.
1