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RE: RE: Vaporizing Money
25
@magnacarta
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1 min read
There may not be a set expiration date for Digital Yuan. The date could be determined by factors such as the overall state of the economy, one's regular credit score, or one's social credit score.
In most cases, there may not even be an expiration date on the money. But it can be set any any time for any duration. This is the defining characteristic of programmable money in the context of a CBDC.
In nations which employ negative interest rates-- ???-- money in banks accounts already disappears. Once CBDC-style programmable money goes online, it will be even easier for that money to disappear.
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