Central Bank Digital Currency (CBDC): Digital Poison
[Editor's note]
Today, everybody uses a mix of cash, bank accounts, cheques, bank cards, credit cards, and payment apps. None of these are directly controlled by the government or the central bank. Cash is completely free from control and tracing. The rest are handled by a variety of private banks and companies that don't have visibility into exactly what you're buying, selling, paying for, or receiving.
Right now, if the State or any authority wants control ...