If it is on the national bank to provide this service, we would actually get more transparency than today.
lmao. Why do you think the world is choosing crypto over banks? Apart from a few privacy coins it’s completely transparent.
Comment on Stripe CEO Explains Why Stablecoins Are Winning Over Global Businesses
themurphy@lemmy.ml 3 days agoTrue, but only if the provider is a private company - which is batshit crazy.
If it is on the national bank to provide this service, we would actually get more transparency than today.
Money is already being printed all the time, but with stable coins on a blockchain, we would always know the circulation number.
technocrit@lemmy.dbzer0.com 2 days ago
themurphy@lemmy.ml 2 days ago
I dont. But we are talking about your post about stable coins. Then we imagine how it could be done with the information you provide.
Also, the EU is making a digital Euro. Might be on the blockchain also, might not, but it’s an option still.
Google it and read about it, if you want to know more about it. There’s some official sources.
RheumatoidArthritis@mander.xyz 2 days ago
Yeah, a national bank will for sure do it in a transparent, nondiscriminatory way /s
You’ll be able to only use it using a closed app requiring google play services, safety net and with an account linked to your identity. Which means that either all your transactions are public and undeniably linked to you, or the blockchain is not transparent and open to manipulation. And they will find a way to “prevent terrorism and protect children” by blocking certain accounts.
themurphy@lemmy.ml 2 days ago
Yeah… That’s why I said EU.
RheumatoidArthritis@mander.xyz 2 days ago
Do you live in some other EU where government apps are open?
themurphy@lemmy.ml 2 days ago
Yeah, but we are not talking about apps.
We are talking about stable coins, which is on a blockchain. The app is not important, as the stable coins would have to integrate will alot of paying options and banks.
Which means alot of different apps.