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May 19, 2022 9:39 pm
I agree with this, the temptation will always exist to limit the fungibility of central digital currency by politicians, wishing to control the spending or saving of digital money, which they cannot do with e.g. bitcoin as there is no central ledger. If digital money has limited fungibility, it will always be worth less than money without conditions. This is already the case with cash, tradesmen much prefer cash to bank transfers since chancellors get no direct view of cash transactions.And that's just how it is.