Britcoin? UK gets closer to launching a digital currency

central bank digital currency is the future. Many countries are now going digital. When it is digital, it is programmable so people have really no control over their finances and are enslaved in the matrix. When you control the money, you control the world. This is the next step of the plan of the you know who. I always get my post cancelled because I tell the truth. Blockchain technology will control all the buying and selling. I can’t help but see apocalypsis chapter 13 forming.

central bank digital currency is the future.

Just like the knowitalls were absoeffingly certain Bitcoin and similar were the future. Suckers.

Don’t they have a bit proud or capabilities left to manage the economy turnaround for good by some other and normal methods? Issuing those new coins or even entering this whole coining grey zone is more something related to criminals, very poor entities or countries and greedy people who just want to draw others’ money out if it as a last resort.

Decentralized blockchain yes by all means of course but this is not what is introduced here, it will be central banks centralized so Imagine a world where your govt will track all your spending and have a track record from the genesis block and so data mine what everybody, a world where your money could have an expiration date, a world where if you are not a good citizen and do not abide your account will be frozen by a push of a button, here comes the central bank's digital currency.

quote: While such digital currencies may be useful in countries that don’t have effective banking systems, that’s not the case in the Britain, he said.

What a ridiculous statement. Brexit took Sterling down from $1.65 to $1.20. If Britons had held their savings in British banks in a digital currency backed by the USD, they wouldn't have lost 25% of their real value, thanks to the UK government's clown policies.

Sterling may eventually be a useful state currency to underwrite a digital currency. After a few more declines (breaking equivalency etc) it may have reached rock bottom.

For long term security, you need a digital currency pegged to one that isn't going to go down. The USD is high, America has vast debt, US politics is toxic, the country is full of angry, armed people, and the government is never far away from gridlock. These are all risks that could see the USD sink.

So, once sterling hits the floor, it may be a wise choice for backing a digital currency. You don't need it to go up, you just don't want it to go down.

@Desert Tortoise

the collapse of private crypto was intentional so that people would switch their trust to the digital currency that govts will rollout. They will argue that unlike the private crypto that is not guaranteed or secured, the govt central bank digital currency will be guaranteed in case of the US dollar, by the US Federal Reserve.