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Blockchain for Bank(st)ers:// An Early Warning
A quick shot shortly after the meetup organised by nexussquared on 23 Aug. 2018 hosted by Daniel Gasteiger at Trust Square Zurich with a catch-all theme “Blockchain for Bank(st)ers”.
The meeting is indeed an insight by Daniel Heller (ex BIS, ex IMF) on central banks plans, including the Swiss National Bank, to issue what they call CBDC or Central Bank Digital Currency. Since it sounds a bit like a biochem weapon, we’d rather call it nTokens for national tokens.
In a nutshell, we’re told that cash 1. is too expensive, 2. not too traceable and, worst, 3. it can’t bear an interest. Let’s look into it.
First, tax payers and seigniorage should largely cover public costs. Then, about interest, anonymity hence freedom is the price to pay for not getting revenue from that particular type of asset. And, by the way…
