cbdc:public:cbdc_omg:04_doc:20_comments:brp:q11:08_risks
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cbdc:public:cbdc_omg:04_doc:20_comments:brp:q11:08_risks [2022/04/24 17:20] nick created |
cbdc:public:cbdc_omg:04_doc:20_comments:brp:q11:08_risks [2022/06/17 19:08] (current) terrance |
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| - | ====== 8. Risk of competing ideas about the CBDC is ====== | + | ====== 8. Risk of competing Currency Models for the CBDC ====== |
| - | [[cbdc:private:cbdc_omg:04_doc:20_comments:brp:q11:start | Return to Question 11]] | + | |< 100% >| |
| + | | [[cbdc:public:cbdc_omg:04_doc:20_comments:brp:q11:start| Return to Question 11]] | <WRAP> | ||
| + | <html><b> | ||
| + | <a href="mailto:[email protected]?Subject=OMG's CBDC WG Response: | ||
| + | 11.8. Risk of competing Currency Models for the CBDC | ||
| + | ">Provide Feedback</a></b> | ||
| + | </html> | ||
| + | </WRAP> | | ||
| - | At the current time, as defined in the **White Paper**, there appear to be discrepancies about what the U.S. CBDC is or will be. | + | There are three categories of [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:start| Currency Models]] used within the [[ | White Paper]] and identified in the [[https://www.omg.org/ | Object Management Group's ]] - CBDC WG [[cbdc:public:cbdc_omg:04_doc:12_summary:start | White Paper Analysis]] |
| - | There are three categories of requirements alluded to in the [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:15_summary:start | White Paper]] and identified within the [[https://www.omg.org/ | Object Management Group ]] [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:15_summary:start | White Paper Analysis]]: | + | There is little to no explanation of why there are three different models used and no real explanation of when each is appropriate. Without clear guidance, this will continue to plague the U.S. CBDC effort. |
| - | Some of the "desirements" point to a [[cbdc:private:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start | Digitial Cash Model]] (see Table {{ref>AccountTypeReqiurements}}) and some point to a [[cbdc:private:cbdc_omg:04_doc:15_common:08_currency_models:15_accounts:start | Digital Account Model]] (see Table {{ref>AccountReqiurements}}. There also seems to be some confusion about what and how Stablecoins fit into the CBDC. Stablecoins are a variation of the Digital Account Model that use a backing of the U.S. CBDC "coins" by the U.S. Dollar (see Table {{ref>StablecoinReqiurements}}. | + | Some of the "desirements" point to a [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start| Digitial Cash Model]] (see Table {{ref>AccountTypeReqiurements}}) and some point to a [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:15_accounts:start| Digital Account Model]] (see Table {{ref>AccountReqiurements}}). There also seems to be some confusion about what and how Stablecoins fit into the CBDC. Stablecoins are a variation of the Digital Account Model that use a backing of the U.S. CBDC "coins" by the U.S. Dollar (see Table {{ref>StablecoinReqiurements}}). |
| - | It is not impossible for the U.S. CBDC to use some combination of all three of these, BUT a clear vision needs to be developed of how the three approaches to a U.S. CBDC can coexist or that only one model be selected. Without this, the U.S. CBDC effort will flounder. | + | It is not impossible for the U.S. CBDC to use some combination of all three of these, BUT a clear vision needs to be developed of how the three models for a U.S. CBDC can coexist or that only one model be selected. Without this, the U.S. CBDC effort will flounder and waste time, money, and effort in the different models working against each other. |
| <table AccountTypeReqiurements> | <table AccountTypeReqiurements> | ||
| - | <caption>Mapping a subset of Digital Cash Model requirements identified within the White Paper Analysis conducted by the OMG</caption> | + | <caption>Mapping a subset of Digital Cash Model requirements identified within the White Paper Analysis conducted by the OMG's CBDC WG.</caption> |
| |< 100% 20% ->| | |< 100% 20% ->| | ||
| ^ Category ^ Desirements ^ | ^ Category ^ Desirements ^ | ||
| Line 23: | Line 30: | ||
| <table AccountReqiurements> | <table AccountReqiurements> | ||
| - | <caption>Example of mapping a subset of "desirements" identified during the White Paper Analysis conducted by the OMG</caption> | + | <caption>Example of mapping a subset of "desirements" identified during the White Paper Analysis conducted by the OMG's CBDC WG.</caption> |
| - | ^ Topic ^ "desirements" ^ | + | ^ Topic ^ Desirements ^ |
| ^ Digital Account Model | <WRAP> | ^ Digital Account Model | <WRAP> | ||
| - | * B0005, B0010, B0022-4, B0038, B0047, B0048, B0049, B0051, B0054 | + | : B: B0005, B0010, B0022-4, B0038, B0047, B0048, B0049, B0051, B0054 |
| - | * P0002, P0012, P0013, P0017, P0018, P0019, P0020, P0021, P0023, P0024, P0025, P0017, P0028, P0030 | + | : P: P0002, P0012, P0013, P0017, P0018, P0019, P0020, P0021, P0023, P0024, P0025, P0017, P0028, P0030 |
| - | * R0002, R0009, R0012, R0015, R0020, R0023 | + | : R: R0002, R0009, R0012, R0015, R0020, R0023 |
| - | * D0001, D0002, D0003, D0005, D0008, D0010, D0012, D0013, | + | : D: D0001, D0002, D0003, D0005, D0008, D0010, D0012, D0013, |
| </WRAP>| | </WRAP>| | ||
| </table> | </table> | ||
| Line 35: | Line 42: | ||
| <table StablecoinReqiurements> | <table StablecoinReqiurements> | ||
| - | <caption>Example of mapping a subset of requirements identified during the White Paper Analysis conducted by the OMG</caption> | + | <caption>Example of mapping a subset of requirements identified during the White Paper Analysis conducted by the OMG's CBDC WG.</caption> |
| |< 100% 20% ->| | |< 100% 20% ->| | ||
| ^ Area ^ Desirements ^ | ^ Area ^ Desirements ^ | ||
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| /* To add a discussion page to this page, comment out the line that says | /* To add a discussion page to this page, comment out the line that says | ||
| - | ~~DISCUSSION:off~~ | + | ~~DISCUSSION: off~~ |
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| ~~DISCUSSION:on|Outstanding Issues~~ | ~~DISCUSSION:on|Outstanding Issues~~ | ||
| ~~DISCUSSION:off~~ | ~~DISCUSSION:off~~ | ||
cbdc/public/cbdc_omg/04_doc/20_comments/brp/q11/08_risks.1650835209.txt.gz · Last modified: 2022/04/24 17:20 by nick
