[Sirius Lee]

Plutocrats: Trying to keep the little people little since forever.

[cgbg]

This is not enough to cover bribes to politicians—I guess they will have to be paid the balance in whores and coke.

[Roccus]

They’re coming.

I realize this is England, but don’t think for a minute that the politicians and bureaucrats in DC aren’t watching how this plays out and planning their own moves

[Tupelo]

10,000 Pounds! Boy Howdy! Five tons of digitals.
Is that in metric tonnes or imperial tons?

[9YearLurker]

Sure, they’ll be going that way eventually (”You’ll own nothing and be happy”), but this smacks of Tavistock Institute manipulation to create demand by faking scarcity.

There’s no logical basis to their claimed need to limit per person balances.

[Alas Babylon!]

Let’s say you have 100,000 pounds sterling in the bank. This is not THAT much, equal to about 121,000 US dollars.

Furthermore, say the government wants to force everyone to use the digital pound.

What would happen to your “excess” 80K pounds sterling?

[KarlInOhio]

What are the advantages of a digital governmental fiat currency? Some of the other digital currencies bragged about a limited number that could be created and weren't controlled by government. But how is a "digital" dollar or pound really better than our current checking accounts? My pay is electronically deposited into my checking account. I pay most of my bills either by credit card or by bank transfer. I may have $100-$200 per month of cash for lunches or small purchases, so we'll over 90% is already digital.

Maybe the new system is cheaper to run than the current bank skim on credit cards and checking?

[trebb]

“Digital Currency” is a sham - it removes actual currency and makes it a concept vs. a reality.
We digitally move real currency with credit/debit cards, auto payments/txfrs, etc.
The difference is that there will be no currency with actual value.

[rigelkentaurus]

Digital Currency = Dystopia / Tyranny

Digital currency is by design requires tracking who has it and exactly what it is just for and where did it go. It is programmable such that it can be barred from use with “rules”. It can be immediately “frozen” by the government at any time. 100% of it in your possession. The government can put rules in place limiting it’s use in any creative way you can imagine. The government has also confiscate it with the stroke of a keyboard using whatever imaginative ways it creates (negative interest rates, required spent it or lose it rules, or even disfavored groups or individuals whom the government claims to be, say, domestic terrorists, without trial or conviction of course).

With digital currency, your money is no longer yours, it is theirs.

With digital currency, you are automatically a peasant in a Dystopian system.