/biz/ - Business & Finance

The European CBDC is a funny thing really.
What's perhaps most curious is that nobody really understands who decides what the digital Euro is going to entail.
It's going to be decided by unelected ex-bankers, commercial banks have already lobbied themselves into the mix to be intermediaries.
There are various downsides, no privacy, negative interest rates and programmable money.
The privacy restrictions are set to be quite invasive.
What are the pros? None, I literally cannot think of any, one could argue that programmable money is an upside as well, but for some reason I'm thinking this will be a closed system where only certain parties are allowed to program your (their) money.
Really activates the almonds why someone would shill a shitcoin like this.