118 karma · joined May 19, 2016
Are there some interesting candidates for such a mechanism? At first is sounds like a long shot, but there are cryptographic mechanisms achieving unintuitive results, so it may very well be possible.
I sometimes think about what sets successful and less successful countries apart, and how profound an effect can cultures have. Assuming that smart people are born everywhere at similar rate, and disregarding unfree societies with authoritative regimes or paralysing religious dogmas, I would naively expect similar outcomes among countries. I would like to know to what degree can the observed difference be attributed to culture, but I guess I will never know.
“While the Eurosystem would always retain control over the issuance of a digital euro, supervised private intermediaries would be best placed to provide ancillary, user-facing services and to build new business models on its core back-end functionality. A model whereby access to the digital euro is intermediated by the private sector is therefore preferable.“
That sounds like a bank to me. But I guess it must be so that the relationship between the central bank and intermediary will be different.
I struggle to find the defining features of these CBDCs so that it is more than empty branding. I guess you might sum it up as “bringing the central bank and currency-users closer thanks to modern technologies”?
[0] https://www.ecb.europa.eu/euro/html/digitaleuro-report.en.ht...
And if so, how does that differ from what we have now? That is, in a European country, I have an account with my bank, and my bank has an account with the central bank (or the two interact in some other way).
My understanding of the current system is limited, I merely know some large portion of the issued currency today is without physical representation.
Wouldn’t that be to detriment of signal integrity on receiving end of the serial line? Is it so that only higher harmonics are affected, which is okay?
Why did I hear putting ferrite on USB cable will improve signal integrity? Is that nonsense?