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Central Banks BEGGING in Distress for CBDCs - Why Crypto CAN'T be Tamed https://read.cash/@Pantera/central-banks-begging-in-distress-for-cbdcs-why-crypto-cant-be-tamed-7e3ae097 Central Banks like the FED and ECB, top financial institutions like IMF and Central Bank, have all missed the point. Maybe they understand, maybe they don't, they are still unable to stop the rapid financial changes that are coming. Cryptocurrency is empowering the individual and separates Money from State. CBDCs have no real effect on cryptocurrencies since they will just be another centralized financial tool under Central Banks' control. BTC (or better LN-Coin) in El Salvador today is very similar to a CBDC. #ReadCash #Bitcoin #CBDCs
2 comments
Well, you can't fill a glass with water if it's filled with something else. Their arguments will always be based on traditional or FIAT currencies. And they still think they can make a sphere fit through a square hole. Well. That's the way I see it.
Yeah - banks and state versions of digital currencies - i can only see things getting more problematic with this move. It’s enough with the banks refusing for instance to take funds from a crypto exchange and sending it back - it will be even worse when crypto exchanges don’t have the licences required to hold CBDCs. They’ll just end up freezing your profits. Localcryptos.com is ok if you want to get a few thousand dollars but it’s not a solution to moving any large amounts of capital. Can see a major finance war ahead of us in the next 10 years.