CBDCs are a double-edged sword. While they promise efficiency and financial inclusion, they also come with risks like surveillance and centralized control. Ripple's push for CBDCs highlights this paradox—crypto was meant to decentralize power, yet this feels like a step toward more centralization.
Bitcoin, despite its flaws, stays true to decentralization, unlike the controlled nature of CBDCs. The focus should be on balancing innovation with protecting individual freedom, not trading one form of control for another.
Topic: Ethereum and XRP are the biggest promoters of CBDCs (Read 54 times)
This doesn't mean all centralized collaborations are inherently bad but it should make us ask tougher questions. Are these projects truly aligned with freedom or have they become tools for reinforcing old power structures?
It's worth critically evaluating who benefits most from CBDCs and if these initiatives really align with the principles that attracted many of us to crypto in the first place. Progress or Trojan Horse?
It's worth critically evaluating who benefits most from CBDCs and if these initiatives really align with the principles that attracted many of us to crypto in the first place. Progress or Trojan Horse?
Trojan horse all the way, in my opinion.
It doesn't mean we shouldn't try to work with it though in our portfolios, for example - but we should clearly understand the facade it would stand on all the time.
This doesn't mean all centralized collaborations are inherently bad but it should make us ask tougher questions. Are these projects truly aligned with freedom or have they become tools for reinforcing old power structures?
It's worth critically evaluating who benefits most from CBDCs and if these initiatives really align with the principles that attracted many of us to crypto in the first place. Progress or Trojan Horse?
It's worth critically evaluating who benefits most from CBDCs and if these initiatives really align with the principles that attracted many of us to crypto in the first place. Progress or Trojan Horse?
There will be two camps from the point when CBDC's would be in full swing.
The one that would go full-on CBDC and the one doing something Bitcoin, mostly.
I do think everybody understands what would be better in the perspective.
The one that would go full-on CBDC and the one doing something Bitcoin, mostly.
I do think everybody understands what would be better in the perspective.
This is why they are called shitcoins. If you think the endless fiat money printing is bad, CBDCs would be ten times worse.
Ripple's Anti-Bitcoin Campaign To Promote CBDCs
(Forbes) The drive towards central bank digital currencies is accelerating, with Ripple emerging as the player in this global effort. This raises a paradox: while supporters of cryptocurrency champion decentralization, Ripple's central role in CBDCs suggests a move towards more centralized control of digital currencies. As Ripple collaborates with various governments and central banks to develop CBDCs, a tangled narrative unfolds involving environmental campaigns, bitcoin, and grassroots activism.
Consensys: Blockchain Solutions for Central Bank Digital Currency (CBDC)
Central Bank Digital Currency (CBDC) is a digital form of central bank money that offers central banks unique advantages at the retail and wholesale levels, including increased financial access for individual customers and a more efficient infrastructure for interbank settlements.
Consensys Webinar: How To Launch A CBDC On The Ethereum Blockchain
Note: Consensys is run by Joseph Lubin, one of the two major founders of ethereum along with Vitalik Buterin.
Ripple's Anti-Bitcoin Campaign To Promote CBDCs
(Forbes) The drive towards central bank digital currencies is accelerating, with Ripple emerging as the player in this global effort. This raises a paradox: while supporters of cryptocurrency champion decentralization, Ripple's central role in CBDCs suggests a move towards more centralized control of digital currencies. As Ripple collaborates with various governments and central banks to develop CBDCs, a tangled narrative unfolds involving environmental campaigns, bitcoin, and grassroots activism.
Consensys: Blockchain Solutions for Central Bank Digital Currency (CBDC)
Central Bank Digital Currency (CBDC) is a digital form of central bank money that offers central banks unique advantages at the retail and wholesale levels, including increased financial access for individual customers and a more efficient infrastructure for interbank settlements.
Consensys Webinar: How To Launch A CBDC On The Ethereum Blockchain
Note: Consensys is run by Joseph Lubin, one of the two major founders of ethereum along with Vitalik Buterin.
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