What is a “digital dollar”? How is it different from existing money that is kept in banks and spent using credit cards/wire transfers?

Question

I have been hearing a lot of buzz about the government introducing a “digital dollar”. But isn’t most money already digital? What would be the big difference in this system?

In: 378

Answer 1

It’s the worst form of money as the government can basically control what you can and can’t do. Relate it to China’s social credit score and you’ll realize how bad it is for the people. It’s only good for the elite