Trendy so-called CBDCs / central bank digital currencies are a complete distraction from fundamental issues. CBDCs are essentially what we have been using for decades already. However CBCCs / central bank cryptocurrencies ... not merely digital, but cryptographically accounted, currencies would offer a few trivial improvements.
Trivially, CBCCs offer the same decentralised infrastructure and security improvements over non-blockchained CBCs, which are generally offered by CCs. However this does not muchly affect the main value of voluntary cryptocurrent communities which choose to use their self-issued and self-regulated CCs - which is to create alternative regulatory bodies for currency, which are not nation-states.
Once again, to disambiguate the issues : cryptocurrencies are fiat, they are just not centrally banked by nation-states ... instead they are centrally banked by voluntary organisations. Therefore nation-states may regulate non-nation-state cryptocurrencies as simply forex issued by voluntary organisations.
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