@andrei0x309

I’m agreeing with the sentiment, but a fully private CBDC is not a CBDC anymore, the whole point of CBDC is to have control, which you’ll lose with a fully private coin. The problem is not the technology, but governments around the world will not accept it, especially as a large-scale way of transferring value. It seems in the end reserve currencies are always abused, creating one that is uncontrolable and unabusable seems like a great thought experiment, but we’re very far from that, and no one will cede monetary control, even if, in theory, that will help everyone. If a government or even the world wants to create a digital private cash system, I’m fully onboard with that. It will simplify things a lot. And if governments believe that will produce a lot of tax evasion, the simplest system is just to tax assets, which can’t be hidden. For me, it makes much more sense to tax assets and wealth, as it is much simpler than taxing income, which, if it is not used, is just a number with no effect.

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