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It's all a question of politics. Based on what I see there is no doubt that digital currencies are coming. Governments are not going to just give up their curre
by trompetenaccoun 5y ago
It's all a question of politics. Based on what I see there is no doubt that digital currencies are coming. Governments are not going to just give up their currency monopoly, so the only logical consequence is central bank digital currency. But how will it be implemented, that's the question. Digital cash is perfectly feasible, just look at something like Monero. They could build in a central bank fiat lever if they want to, so that they can inflate at will, while still preserving privacy, security, and accountability.
Will this happen? I doubt it. Because the trend goes to ever more authoritarianism. But it could be easily implemented if there were a will to do so. And again, we don't need digital currency for the government to turn against the citizen, many governments around the word manage perfectly fine without it already. Private banking isn't immune to the law. Instead of being scared of regulation, the citizens should lobby for the right regulation. The current financial system already discriminates against us and only aids the wealthy.