Digital pound likely this decade

[Retro]

First time I hear of this and it looks like a solution looking for a problem as the pound is already digital. What we absolutely don't want is to make the pound more volatile, like Bitcoin, or other cryptocurrencies.

Digital pound likely this decade, Treasury says

The Treasury and Bank of England will formally start a consultation for the digital currency, on Tuesday.

www.bbc.co.uk

 

[Arantor]

They can consult all they like on it. If they sense they can make a grift out of it they’ll do it, if they see it for the Ponzi scheme it is and they can’t see a happy ending for it… they’ll do it only if the runway is long enough.

 

[Retro]

Are you suggesting that our wonderful Conservative and Unionist Party is bent, Arantor?! 😮

 

[Arantor]

As a nine bob note, as the old saying goes. Or, in more modern parlance and perhaps adjusting for inflation, a £5.45 pound note.

 

[Crims]

I find it funny, albeit depressing that my first job was 20k, and when my mum worked for 20k back in the 80s it was 66k in modern money.