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Just-In: Bank of England May Soon Launch CBDC (coingape.com)

submitted 2 years ago by Rumblestiltskin to c/[email protected]

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[–] [email protected] 2 points 2 years ago* (last edited 2 years ago) (1 children)

Does it have all the necessary properties of a cryptocurrency? Is it permissionless? Is inflation controlled algorithmically?

[–] Rumblestiltskin 2 points 2 years ago (1 children)

We don't know. It could be an ultimate control and surveillance tool or it could be completely permissionless but it will likely be somewhere in between. It would be interesting if actual parliamentary laws can decide the rules the currency runs on.

I assume you will need to go through a bank/financial institution to get an account. It would be cool if privacy was baked in with the ability of a court order to reveal accounts with those court orders publicly available.

[–] [email protected] 1 points 2 years ago

Oh man they haven't even decided these fundamental things? How can anyone vote on something without these defined first??

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