Andy Scott on Nostr: When it's digitally created by the central bank, it gives total control to the ...

When it's digitally created by the central bank, it gives total control to the central bank.

The threat is not that it's digital, we already have that. It's that it becomes programmable with it.

Imagine a money whereby your access to it can be turned off. Where negative interest rates can be issued instantly and personally to individuals based on behaviour.

It's a totalitarian's wet dream and Bitcoin is the antithesis.