Central Bank Digital Currencies are coming
Are these proposed central bank “digital currencies” anything more than a centralised or federalised database of who-owns-how-many?<p>And if so, how does that differ from what we have now? That is, in a European country, I have an account with my bank, and my bank has an account with the central bank (or the two interact in some other way).<p>My understanding of the current system is limited, I merely know some large portion of the  issued currency today is without physical representation.