Quote
The Senate Banking committee's hearing on the digital dollar two weeks ago was not only a public exploration and introduction to the concept a central bank-backed digital currency, the hearing was also used as a platform to publicly assassinate the viability of the private ("bogus" in the words of Senator Warren) cryptocurrency market (bitcoin, stablecoins, etc.).
https://www.forbes.com/sites/bryanrich/2021/06/23/say-goodbye-to-bitcoin-and-say-hello-to-the-digital-dollar/
Great! The digital dollar, and with it all the central bank digital currencies, are the new "blockchain" sneak oil, if you know what I mean!
While the wise man watches and observes the moon, the fool continues to watch the finger.
That is good, they are still missing the point. In any case, digital dollar, stablecoin etc. are just replacements for old currencies.
Bitcoin is a revolutionary protocol that cannot fear this thin and sterile challenge.
Onward and upward.
This was predicted by many people. I am still not so sure that they will be able get rid of bitcoin so easily but on the other hand I am thinking, maybe they are the same guys that let the tether scam happening so they can use it against bitcoin when the shit hits the fan.
We will see how it will turn out in the end, hopefully soon.
