Suprised by that. You could argue that there are many more 'human robots' in some countries ;-)

This is our concern, dude.

How many days are remaining with the current administration? Hopefully less than one.

True.

The government is leapfrogging from an already ubiquitously accepted mobile payments platform to another. I think this is also part of the problem, not just that Bitcoin was already there, and was soon likely to be everywhere.

I think this idea that governments want to migrate payments to central banks is meeting opposition and indifference everywhere because there is no government able to delineate real advantages for the average end-user.

I don't get when international transactions are cited as being the advantage of CBDC. For global trade, sure, if there's a willingness to co-adopt a new system. This is very different to international transfers and foreign exhange for retail.

IMO, if any, the embarrassment should be the 10-20% hash rate, not lifting restrictions.

I was thinking about this. I don't think it's so much of a faux pas for a change in policy. People pay for their electricity and their hardware, and so long as they're not siphoning someone else's electricity to do these things, there should be no problem with it.

But as there is no moral highground in using electricity for hosting a generative ai service or gaming, as opposed to using an ASIC to participate in a global technology network, it's something that governments need to come to term with, if they don't want to find that they are increasingly isolated.

Don't worry, there may be more of you out there. I've a friend who has a friend who is devout daoist. Also,they didn't cover me in this survey. Generally I give evasive answers to invasive questions about my religeons, and I love dao.

I might be imagining, mempools always seem more distibuted in terms of different pools picking up blocks these days.

The best description of financial markets to date.

Must be some in built understanding for the benefits of low time-preference thinking. Sucks that your card was declined for no reason. But if it wasn't, you would not have had a moment of cretive inspiration. Good from bad.

I'm not so sure.

And this is not, I believe to self-type-casting myself as a bitcoiner.

but I'll save some of my reservations for another thread. Always happy to discuss intelligent points and you have many.

Interesting sound bites.

There's an angle to be taken that what favors a sustainable alternative model is transparency and shared development. Hong Kong is an interesting testing ground for all kinds of things, and from spending time there, I felt that Hong Kong had many advantages than it does today, and history tends to paint a more nuanced picture of politics.

These developments are on the radar of the well-informed, irrespective of location. As are the uninformed in post-development nations, there are those in denial of the constant changes in regional capabilities to develop there own economic models. IMO, this is the meaning of 'multi-polar', as opposed to any hub and spoke, belt and road idea.

I wasn't referring to the CBDC, the mBridge platform that was developed to facilitate, cross-border currency swaps. I'm assuming that includes eYuan and other tokenized assets, as it was developed in P.R.China.

"The MVP platform can undertake real-value transactions (subject to jurisdictional preparedness) and is compatible with the Ethereum Virtual Machine (EVM), a decentralized virtual environment that executes code consistently and securely across all Ethereum Ethereum -2.4% nodes. MVP thus is suitable as a testbed for new use cases and interoperability with other platforms."

Hey, do you have a lightning-enabled Bitcoin wallet on your phone?

When a traditional bank creates a loan, do they print up more notes or borrow them from the central bank? When a central bank engages in QE stimulus, or QT measures, does it actually print or burn physical currency?

.. and when a consumer or TBTF bank loan is repayed, do those repayments get extinquished and written off a ledger, or burned?

To extrapolate the notion further, would it not be correct to say that the logical conclusion is an automated planet of artificial intelligence would be less carbon intensive than a planet with human activity, or biological activity.

Sounds a bit bunk.

So, the China payment system is basically borowing some of the stack from eth. Which is basically a tech stack with some interesting tech but lagely unusable for mass consumption due to its minumium system requirements.

It's the second C in cbdc that is the issue. The idea of a currency being digitally native, which already happened years ago. There is no further benefit from the currency aspect, because when you borrow or loan your currency to or from a bank, it is held and accounted for digitally. The notes in circulation make little difference to the digital aspect of which the physical note is a representation of (whilst the abstractation was once thought to be vice-versa.)

The potential loss of privacy and realtime inflationary creep, as digital currency is loaned into existence, is both neither a convenience nor bringing in any efficiency. The efficiencies you mention are all owed to the developement of digital currencies in the wild. Bitcoin, and ostensibly eth, which was a playground for contractual settlements.

I said SWIFT is the bigger issue.

Basically, the proposed upgrade is the payment rail. Being a newer rail, it's undoubtedly going to be designed better than a system designed in 1977, just as that system was un upgrade on Telex. As I understand, there's CHIPS, CHAPS and now Faster Payment, incremental improvements perhaps. The lack of competition or exclusion of competition, has been the problem.

All of this is pretty academic. What I disagree with is the need for central banks to dictate futher monetary or fiscal policy and increasingly attempting to tie this to social policy.

I don't believe it.

If banks are the problem (traditional banks) we'd just reform the banks. I guess that is what 'new banks' were all about. Banking designed to be interacted with through technology specifically. Traditional banks have now updated most of their facilities to offer competitive banking services to compete wuth the new banks.

Why should the elimination of a host of regulated banks be worse than a singular central bank providing services? Clearing and transactions are not the issue (though that always could be improved) the problem is the supply and issuance of credit.

Is centralized monetary power a good thing?

When the term cbdc is used in place of the term spreadsheet, little changes. The payment rails that compete with swift might be a bigger deal. But I don't see how phasing out cash and forcing populations to use digital paper makes for a better system.

I heard they raided the home of some elder for sharing a 'hate meme' about hating the incompetent policies of finance minister, was is Habeck?

First they come for the infirm..

If I were, I'd be stating that the price of wheat per bushel is now 10x what it was 100 years ago, and that further commitment to spending of public finance is imprudent and irrational. Is Germany now banning the opposition from running for election like spoiled kindergardeners?