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The only thing this has in common with Bitcoin is "digital". The rest is pretty much opposite of what Bitcoin was supposed to be. (And I say "was supposed to be" because everyone has a different idea about what Bitcoin is today. But that's not related to this discussion here.)


I don't think anyone could credibly claim that Bitcoin is what it set out to be. The original paper calls it "electronic cash" and in its introduction describes private people using it for small transactions, replacing trust with cryptography. I would hope that a CBDC shares that original goal of replacing cash, though to what extent cryptography will be involved I'm not sure. (I do doubt BoE are just going to fork the Bitcoin code and spin up their own blockchain.)




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