[notahacker]

Are you the central bank of a nation state or other large region? If not, how is your currency going to be a CBDC, and not yet another token or cryptocurrency of dubious exchange value? Why would anybody want to accept it as money?

[nealbozeman]

Central Banks don't require a nation-state. They can be private. Cryptos and tokens, generally, are decentralized and couldn't be controlled by a central bank. I'm using a private central bank in this case to control the money supply.

[notahacker]

Leaving aside the basic definitional stuff (the difference between private banks and central banks is normally considered to be state authority), why does anybody want to accept the money from your "central bank" as payment?

With real central banks the answer is "because creditors in a particular state are legally required to accept it as payment for debt, and everyone else in that state needs it to pay taxes which are owed whether there's money in their account or not". With yours, it's the opposite: if I accept your coins as payment you tax that payment for my work/goods out of my account and if I don't, you give coins to me for nothing. (And I can still earn in other currencies without owing your "tax", just as I always have done)

[nealbozeman]

Points heard - I've been down this road, too.

Contracts & debt can be specified in any currency, including a private one, even if taxes have to be marked to a national currency at the end of the year. But still a question of why adopt it?

A private currency, to get adopted, would have to be as good as a national one, plus more. UBI might help that cause. No transaction fees might be another. Stability without interventions, a 3rd? Accessible to informal economies?

Issues to overcome with each.