news & politics:discussion

[lost]

7 hours ago, Neil said:

So we're going to have a digital pound, don't see the point of it as it'll be fully exchangeable for paper money, doesn't achieve anything that you can't do already with the digital representation of a quid in your bank account. 

The key will be how it evolves. It will start off that way but programmable money is really a holy grail for central banks as it will allow targeting of specific parts of the economy. Interest rate rises/cuts are more like taking a cleaver to the economy whilst programable money would be more like a scalpel. Money can be created to target specific parts of the economy and then be written to disappear. For example, the car scrappage scheme in 2009, central banks could add £10k to everyone's account which can only be spent on a new car and has to be spent by x day or it disappears.

Governments could also do the same thing with say unemployment benefits, program them so they can't be spent on beer and fags etc..

[steviewevie]

cool. Can we call them credits instead of pounds/dollars?

[steviewevie]

Zelensky's coming to Britain!!

 

[Neil]

17 minutes ago, steviewevie said:

cool. Can we call them credits instead of pounds/dollars?

Too late already announced as digital pounds

[steviewevie]

1 minute ago, Neil said:

Too late already announced as digital pounds

well I'm going to call them credits.

[Neil]

20 minutes ago, steviewevie said:

well I'm going to call them credits.

They won't be giving you freebies whatever they're called, cos they are convertible to real money. 

[Neil]

7 minutes ago, Barry Fish said:

Yeah I can see how that would be useful.  I must of read about ten articles on the subject and none of them came up with decent examples of how this might be used.  

It can't be targeted as lost suggests because its all convertable to sterling. 

[Neil]

7 minutes ago, Barry Fish said:

that could be optional - its still a consultation keep in mind

Without the convertability, it has no vakue

[lost]

11 minutes ago, Neil said:

Without the convertability, it has no vakue

Unless its eventually a replacement.

[Neil]

1 hour ago, lost said:

Unless its eventually a replacement.

That's still convertability. 

[lost]

14 minutes ago, Neil said:

That's still convertability. 

Yes for a limited period of time. Like currently you can use the old stamps and the new bar coded stamps then at a period of time in the future you have to use the new bar coded stamps.

[steviewevie]

good grief, Cleese is going to make a new Fawlty Towers...

[lost]

7 minutes ago, steviewevie said:

good grief, Cleese is going to make a new Fawlty Towers...

Just noticed the pic on the beeb article and that he was 35 when it started. What the hell were people doing to themselves in the 70's?

[steviewevie]

4 minutes ago, lost said:

Just noticed the pic on the beeb article and that he was 35 when it started. What the hell were people doing to themselves in the 70's?

smoking

[steviewevie]

plus people pretend they're still in their teens until their mid 40s these days.

[lost]

4 minutes ago, steviewevie said:

smoking

same age as Lazenby who would of still been in his 20's when he filmed James Bond.

 

[steviewevie]

[steviewevie]

I think Zelensky might actually be shorter than Rishi.

[steviewevie]

❤️

[Neil]

41 minutes ago, lost said:

Just noticed the pic on the beeb article and that he was 35 when it started. What the hell were people doing to themselves in the 70's?

rock n roll maaan

[Neil]

1 hour ago, lost said:

Yes for a limited period of time. Like currently you can use the old stamps and the new bar coded stamps then at a period of time in the future you have to use the new bar coded stamps.

yeah, so old stamps have converted their value to be the same as new stamps.

[steviewevie]

Zelensky wants planes...

[chris_nre]

25 minutes ago, steviewevie said:

Zelensky wants planes...

If we send him a box of several reams of A4 paper then he will have the capability to make a few thousand planes.

[steviewevie]

[Guest]

24 minutes ago, steviewevie said:

Look at the size of that vase!