FBXL Social

CBDC networks will be permissioned: only selected parties can deploy contacts and adjust spending conditions.

That sounds pretty different to me. With Bitcoin and Ethereum anyone can do that. Did you mean to write that you do think it will be different?

Also, do you have evidence for that? I thought permissioned means that there is an approved set of nodes, not necessarily users that can deploy contracts.

Well, I got “programmable money” from this article, which says that it could “[give] the issuer control over how it is spent by the recipient”. So that’s what I thought it meant. I think when it mentions the state it’s referring to benefits payments.

And as far as I know, you can do the exact same thing with, say, Bitcoin using scripts to require, say, that the output of the new transaction be to a preprogrammed address. Come to think of it, employers and the state could, if they wanted to, work with stores to do a similar thing with the current kind of money. I don’t know what’s stopping them from doing that now. Probably laws.