Yes
That was the thought before demonetisation. But things can evolve. Nothing is permanent. As soon as a rule comes in where they start making CBDC mandatory you will have to do it no matter what. Cash only has value till government says it is valuable
And CBDC has perpetual value how ?
Don't think so, even the less read people are using digital payments for their businesses.
completely agree with this!
Using for business but still they aren't literate to save themselves from online frauds. Most of the village people, old people prefers only cash.
retaliation
Buddy are you aware that a currency has value just because it is a promise from government signed by government that "We will pay you that amount mentioned on that note" (I dont remember the exact statement but feel free to look at your cash once). The moment government decides to cancel that promise your cash will become useless. And CBDT will have the same value because it is centralised by government and comes with the same promise as the cash note. I am really talking about the economic feasibility here. Now will they do it or not that is for the future but I was just telling you that it is entirely possible within a night when they would want to and you won't be able to do anything to stop them.
Completely disagree with you.
