I am just offering personal opinion and looking into my crystal ball.
You are correct on the facts. The idea is precisely to have a digital cash equivalent, in fact it will even be tracked as part of M1.
I just don't think that people will treat it like tangible cash, and instead assume it to have the same standards of loss prevention that they have with other digital payment methods. You don't lose your bank account if you lose your phone or your debit card, and people will act surprised when they find out that for the D€ this does not apply.
I predict there will be some sentimental news stories about those "victims" of the D€ quickly after the introduction, and it will take quite some time until there is some trust in the public, if ever. And then you get the chicken-egg problem, if nobody wants to use it, nobody will establish the infrastructure, so nobody will even be able to use it.
You are correct on the facts. The idea is precisely to have a digital cash equivalent, in fact it will even be tracked as part of M1.
I just don't think that people will treat it like tangible cash, and instead assume it to have the same standards of loss prevention that they have with other digital payment methods. You don't lose your bank account if you lose your phone or your debit card, and people will act surprised when they find out that for the D€ this does not apply.
I predict there will be some sentimental news stories about those "victims" of the D€ quickly after the introduction, and it will take quite some time until there is some trust in the public, if ever. And then you get the chicken-egg problem, if nobody wants to use it, nobody will establish the infrastructure, so nobody will even be able to use it.