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If your chequing / savings bank uses the CBDC like they do currently with CB issued fiat, you may not have a choice. If the central bank regulates that they mu
by aunty_helen 9y ago
If your chequing / savings bank uses the CBDC like they do currently with CB issued fiat, you may not have a choice.
If the central bank regulates that they must use it for bank to bank non-forex transfers, you may have even less of a choice.
Think of the CBDC as a replacement for the current fiat transfer mechanisms and less of a bitcoin decentralisation project.
On the other side, a CB backed currency does have it's advantages. Stability and security being the biggest (perceived).
- freejulian 9y agoWe don’t have a stable CB backed currency today though. The USD loses, at best, 2% of its value a year. That’s not stable.
- pjc50 9y agoBitcoin frequently changes in value by more than 2% every single day. Sometimes within the 15 minute confirmation window. Price stability has very little to do with money supply and more to do with the wider economy.