Part 5/8:
The Broader Impact on Society and Future Generations
The introduction of such restrictive features could have serious consequences for families and future generations. Traditional savings, historically passed down as a form of wealth inheritance, may be eroded if the digital currency is designed with built-in expiry mechanisms. This shift might fundamentally alter societal notions of wealth accumulation and intergenerational support.
Moreover, the ability of central banks to control the flow and lifespan of money could further consolidate governmental power over individuals' finances, raising ethical and democratic concerns about surveillance and autonomy.