CBDC as a national cryptocurrency

I would highlight several reasons here. First of all, everything is digitizing, so there will be no big problems convincing citizens that this is good and completely natural. Secondly, digital money is cheaper and easier to use than cash - it does not need to be printed, transported, secured, counted and finally disposed of. According to the NBP report "Costs of payment instruments on the Polish market" from 2015-2018, the cost of handling cash accounted for 0.98% of GDP, ie PLN 17.6 billion. That's a lot, and let's not forget that the more people in a given country, the more money has to be constantly in circulation, which generates even more costs. Third, CBDC will be issued and controlled by central banks, which will allow them full control over the system and the data it contains. This has, of course, good sides - the level of information security will certainly be better than in the case of smaller entities, although it cannot be ruled out that at some point there will be a data leak. However, there are many more bad sides. First of all, the bank will thus gain full control over theoretically our funds, they will be able to obtain a report on what, where and when we spend money at any time, and even block it or collect liabilities from the balance, such as taxes, fines, and maybe even alimony, etc. It is said that digital money may have a specific "use-by date", which would mean their expiry after, for example, 2 years. Thus, governments would have the ideal tool to control citizens and stimulate economic growth through consumption. Fourth, in just 2 years, more than 100 central banks around the world started working on CBDC, so what major country will decide to fall behind? A year ago in Poland it was denied that anyone was working on a digital zloty, meanwhile a few months have passed and the project is said to be in progress. In China, citizens can already use the digital yuan, more and more countries announce that the work is advanced, with the greatest motivation where people use less cash in their daily lives (e.g. Scandinavian countries such as Sweden), have ineffective payment systems or have a difficult access to financial services (eg Nigeria). These activities are probably unstoppable anymore, it is only possible to delay mass CBDC adoption. But I am afraid that in the end people will choose the convenience of keeping funds in one government-guaranteed place, permanently stored in the blockchain of quick payments, and security, because without anonymous transactions, no one will be able to steal money (and even if they do). , it will immediately be clear where he spilled or released it and is likely to be caught quickly).

For me, CBDC is like a Trojan horse. In the end, he will take away our freedom. The later it is introduced, the better.