The loss of privacy in this case may not be worth using a public ledger.
In general though, I think it would be an interesting experiment if individuals can hold central bank money directly instead of going through commercial banks.
In general though, I think it would be an interesting experiment if individuals can hold central bank money directly instead of going through commercial banks.
But I agree... that experiment would be quite fascinating. It might not even be that big of a change... most people would probably continue to entrust a bank with their funds, and banks could potentially continue to operate a fractional reserve system.