Rangelus

I hate cash. I just have a card wallet, and a note clip if I absolutely need it. Otherwise I carry no cash.

AFIK that's the way premined currencies work. The "miners" (which are not miners, as you say they just validate the blockchain) are controlled and are not that many

To be fair I'm not that knowledgeable about XRP and other premined tokens.

There are transaction fees on cash too, it's called GST, petrol tax, income tax, etc. This would just make it easier to levy taxes so we can eliminate more onerous taxes

Oh I get that, I'm all for reducing or removing regressive taxes such as GST in favor of progressive taxes. Dreams are free, but that ain't going to happen.

Actually, a digital currency would make it much easier for businesses to collect and report GST. I've worked in retail before, it's a real headache.

Abolishes free vaccinations for children

Wait, fucking what?

So I know someone who works for OT. They said the other day one of the branches went into lockdown due to threats or something. The people whose jobs are being cut are exactly the ones who organized guards, sorted out the removal of social media posts, etc etc.

The line that front-line positions won't be affected is complete bullshit.

I don't think this is universally true. Both my kids weren't too fussed if their pocket money was cash, or deposited in their accounts.

I think validating blocks should be done centrally as well. I can't think of a good reason to allow it for the public for a government backed fiat token.

Unless you want to save money on electricity. But I would hope the goal of this is to make the digital tokens functionally the same as cash, the biggest part being 0 transaction fees.

I swear this government asks "what do kids need", then does the opposite.

Sickening. Corruption pure and simple.

Even of the trains aren't free, it's mathematically true that every person who takes PT instead of driving reduces congestion by that amount.

It's not all that complicated a tasks to work out which has better value. If the money spent on roads will not reduce congestion by as much as the same amount spent on PT, then it's a fool's errand.

I would assume this has little to do with traditional cryptocurrencies, but uses Blockchain as it's leger.

If I were in charge of this project, I would have a centralized validation system, maybe a series of servers across the country for redundancy. It doesn't need PoW or PoS as all validation is run by the RBNZ.

As for what this solves, I can think of a few things:

• Opening up fiat interaction with other cryptocurrencies
• Much lower fees for digital transactions
• Near-instant transactions
• Physical storage of digital funds. Paper wallets and other secure methods
• From the govt point of view, perfectly tracible cash transactions

Completely agreed.

What's so stupid about this is sick kids do worse at school. Sending your kid to school sick gets other kids sick, which makes them do worse. Then they bring it home, and now parents are under performing at work as well. Keeping your kid home when they are sick objectively improves outcomes for everyone.