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by walterbell 1225 days ago
UK, June 2021, https://www.msn.com/en-gb/money/other/bank-of-england-tells-

> Tom Mutton, a director at the Bank of England, said during a conference on Monday that programming could become a key feature of any future central bank digital currency ... what happens if one of the participants in a transaction puts a restriction on [future use of the money]? ... Sir Jon Cunliffe, a deputy Governor at the Bank, said digital currencies could be programmed for commercial or social purposes ... “You could think of giving your children pocket money, but programming the money so that it couldn’t be used for sweets. There is a whole range of things that money could do, programmable money, which we cannot do with the current technology.”

2 comments

This is stupid in so many ways but the worst thing is the idea doesn't even work - barter economies have existed since the dawn of civilisation and children are pretty used to them too, with trading cards, collectibles etc. All the child has to do is buy something of value they are "allowed" and then barter that for sweets with a friend whose money isn't restricted in that way.
"... children ... money ... sweets ..." that's some neuro-linguistic programming right here: the sir-jon skillfully inserts thin needles into the three spots and the patient becomes a willing veggie.
> sir-jon [-athan]

Good catch. Need a browser plugin that converts text to phoenetically similar terms.

It's from one movie where two knights fought for some high title: "I've been made a knight, but not a single time have you addressed me by Sir. I demand respect!" - "My apologies, Sir... Jon."