The idea, as outlined in the whitepaper, does look quite reasonable. Though I have to admit that I don’t know much about finances ^^’
It’s like centralized hell
Better than some volatile shit like decentralized crypto currency usually is.
Thats not because its decentralized its because stock people think crypto is a gambling game with ods in thir favor, and its not accepted as money at many stores. If a large govt like the US or EU decreed that some specific ordinary cryptocuency was legaly equivalent to their currency and must be acceptied as such, that would instantly end the volatility.
Its just too bad that using an open currency is apparently not the plan for the EU. (According to the ppl here)
It won’t respect privacy and it will be centralized, so the central bank can create money and thus devalue the currency. They also won’t share the source code, so you have to trust them…
It’s almost like it will be a central bank currency just digital. But without all the environmental waste, scamming and rugpulls like in normal crypto