Kyle McCollom
@kyle
My conservative relatives are getting riled up about CBDCs and how the US government is going to pull a corralito (https://en.wikipedia.org/wiki/Corralito) with it. I don't think a CBDC makes a government more able to corralito us than the current digital system. Am I wrong?
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Noxik (fut/acc)
@noxik.eth
You are wrong. the government wields power to both observe your finances and seize them. Seizure requires effort. Invasion of privacy requires some effort. A CBDC would crater required effort to zero.
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