You need to think more deeply about this. This is probably due to some technical, legal, or risk management issue, in regards to their beta.
If you were going to do this as a form of social control, you would institute restrictions LATER, after everyone has already bought in.
In fact, this sounds like a good way to ensure that it fails.
Good luck “converting” people into a new system when you just ruled out converting 99.99% of the money out there.
CBDCs are bad and will be used for social control… but that’s not what this story is about.
Think logically: In order for CBDCs to become a thing, all existing money will have to be converted. They won’t need caps like this because they can just turn your money off or control what you can use it for.
You need to think more deeply about this. This is probably due to some technical, legal, or risk management issue, in regards to their beta.
If you were going to do this as a form of social control, you would institute restrictions LATER, after everyone has already bought in.
In fact, this sounds like a good way to ensure that it fails.
Good luck “converting” people into a new system when you just ruled out converting 99.99% of the money out there.
CBDCs are bad and will be used for social control… but that’s not what this story is about.
Think logically: In order for CBDCs to become a thing, all existing money will have to be converted. They won’t need caps like this because they can just turn your money off or control what you can use it for.