As much as we talk trash about the banking system, it is important to remember that it is not the same as the government. Digital money directly controlled by the government is a horrific prospect. While it wouldn't be the same as living under someone like Sun Yuchen or even Mark Zuckerberg and there would be more oversight regarding what the government does, the entire idea of having every single monetary transaction supervised in real time by the government and only happening if they allow it, would be a nightmare.