This is pretty huge, does away with the concept of decentralization. However, no longer have to print money and all purchases can be done quickly and easily. How long until China launches one?
they've been talking about it for ages.
it won't offer the people any advantages over fiat, and will introduce absolute and total control so life will be even worse.
check this -
https://www.independent.co.uk/news/world/asia/china-surveillance-big-data-score-censorship-a7375221.htmland then imagine how that combines with the ability to control your every single transaction and who you transact with.