The CBDC Pilot Report — An Analysis

<h1>The CBDC Pilot Report</h1> <p>Reviewing the&nbsp;<a href="https://www.rba.gov.au/payments-and-infrastructure/central-bank-digital-currency/pdf/australian-cbdc-pilot-for-digital-finance-innovation-project-report.pdf" rel="noopener ugc nofollow" target="_blank">recent report</a>&nbsp;on the Australian Central Bank Digital Currency Pilot (<strong>Pilot</strong>) run by the&nbsp;<a href="https://www.rba.gov.au/payments-and-infrastructure/central-bank-digital-currency/" rel="noopener ugc nofollow" target="_blank">Reserve Bank of Australia</a>&nbsp;(<strong>RBA</strong>) and the&nbsp;<a href="https://dfcrc.com.au/cbdc/" rel="noopener ugc nofollow" target="_blank">Digital Finance Cooperative Research Centre</a>&nbsp;(<strong>DFCRC</strong>), my mind goes to two statements. The first from Shakespeare and the second from the political scientist Arthur Bentley.</p> <p>As a general rule and in the context of Macbeth contemplating a significant decision, Shakespeare portrays Macbeth seeking third-party opinions before deciding whether or not to kill Duncan, in order to become king. Shakespeare writes:</p> <blockquote> <p><em>&hellip;I have bought Golden opinions from all sorts of people[.]</em></p> <p>&mdash; Macbeth, Scene 1, Act 10</p> </blockquote> <p>Arthur Bentley, while talking specifically about the epistemological study of politics, helpfully summarises why relative limits on inquiries into things do not always make sense:</p> <p><a href="https://medium.com/@angus_83517/the-cbdc-pilot-report-an-analysis-ac0af980decf"><strong>Learn More</strong></a></p>
Tags: CBDC Pilot