I know this sounds like a crazy tinfoil hat conspiracy theory to some people around here, but what would you do if you were Bill Gates?
Would you trust CBDC? Especially considering the fact it will have a limit of €2000-3000 (as ECB officials have said)?
Do you wanna own nothing and be happy? Because with only 2-3k dollars/euros you will be forced to rent everything (your house, your car etc.)
Would you trust CBDC? Especially considering the fact it will have a limit of €2000-3000 (as ECB officials have said)?
Do you wanna own nothing and be happy? Because with only 2-3k dollars/euros you will be forced to rent everything (your house, your car etc.)
It sounds like a conspiracy theory because it is, like that thing that looks like a duck and turns out to be a duck. The €3,000 limit has been planned to protect banks. You can see it in the following document: Know your (holding) limits: CBDC, financial stability and central bank reliance. But if you find it too complicated, it is summarized in a newspaper article:
Quote
The European Central bank is toying with the idea of imposing a €3000 limit on consumer CBDC accounts to discourage users from transferring all their cash from commercial banks to the central bank.
So what the ECB is worried about is that citizens will embrace the Euro CBDC so enthusiastically that they will all want to switch to it, eliminating the need for commercial banks and suddenly all those banks will fail. That is why it is considering imposing an initial limit of €3,000, which will coexist with the existing cash and electronic payments (transfers, card payments, etc.).
