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@resjudicata It's not about the information, honestly. The information is already all out there. My focus is to share a perspective from first-principle thinking. Differentiating b/w a bank deposit which is essentially debt vs physical cash, for instance. That does take some words. Overall...

@jacknife Thank you! I'm glad my post made you think (and do hope you've subscribed to my substack) Demonetisation failed to stop black money, no doubt, but it doesn't mean that people don't use cash for tax evasion. Instead, what demonetisation did was to route all that money back into the...

@dayvay Interesting -- do share this post with them if you can. I'd really love inputs from people within the financial industry. It's always possible that such incentives can come into the picture temporarily to drive adoption, but don't think anyone knows right now. Or if it would make sense...

@how2101 Yeah, that's true. But IMO this is a bit of a user experience problem on the side of banks versus a real application for CBDC.

@angelhinson There are no indications that it will replace cash entirely at the moment. But any comments here would just be speculation. If the RBI feels that the eRupee is robust enough and well received by everyone, sure, it could replace cash going in its entirety (but no one knows right...

@patrick_andrei Thanks! Yeah I guess not the best call for me in terms of the timing there, but it's all right as long as whoever does read it gets something out of it.

@wilddaisy Honestly -- I don't know. I do have my opinions but I'm averse to making predictions. The e-rupee currently is just a pilot and no one knows what it will look like a year or two down the line. Even the RBI is figuring things out (they've said so in their own concept paper). Anything...

First published this on my newsletter Boring Money. Do visit the original link and subscribe if you like read this! I write about finance in India in a way that's fun and enjoyable but doesn't dumb down the subject matter. Finance can be fun! https://boringmoney.substack.com/p/rbi-cbdc-erupee...