High-visibility, no-trust decentralized append-only ledgers are not viable for CBDCs for all the reasons we've seen in the past few months. The conmen, the incentives, and the ways they've been caught all come together to paint a picture of cryptocurrency as the stupid choice of currency for the future.
Whatever the hard money crowd say. We as society really don't want to go to that kind of system. It simply removes way too many tools. Be this hard money crypto or gold or silver...
There is really no good reason to use crypto. If there was a true political want an better working international currency or system could be made relatively fast.
Comments
High-visibility, no-trust decentralized append-only ledgers are not viable for CBDCs for all the reasons we've seen in the past few months. The conmen, the incentives, and the ways they've been caught all come together to paint a picture of cryptocurrency as the stupid choice of currency for the future.
Whatever the hard money crowd say. We as society really don't want to go to that kind of system. It simply removes way too many tools. Be this hard money crypto or gold or silver...
There is really no good reason to use crypto. If there was a true political want an better working international currency or system could be made relatively fast.