RE: Russia announces at St Petersburg Economic Forum their intention to create a national cryptocurrency

[trillionaireclub]

Is one possible positive outcome of such a system that the CB balance sheet becomes transparent via the chain?

I agree seems not great for crypto on balance but is it an improvement over current fiat?

Comments

[argonath]

In my opinion no, because it will mean every transaction will be monitored, and everyone will be forced to have an account controlled by some form of bank.

[trillionaireclub]

Mmmm so basically trading guaranteed inflation for ironclad taxation and Big Brother finances...