Like we haven't been told this before; Reserve Central Banks were the independent oversight designed to safely deliver us from inflationary pressures & create full employment.
Single handedly they have engineered boom/bust cycles, inflationary tsunamis & killed millions indirectly through the poverty their monetary experiments have wrought.
Countries should careful think benefit and risks associated with digital currencies
Читать полностью…If Improving access to financial services and reducing transaction costs, a CBDC could enhance economic growth and reduce poverty in Peru
Читать полностью…In Peru, the primary motivation for considering a CBDC is to improve the country's payment infrastructure and increase financial inclusion
Читать полностью…There's no immediate plausible need for CBDCs; sure some will say: faster, efficient, safer etc. Crypto however does this, look at how many transactions/sec Aergo facilitates. Bitcoin has worked flawlessly since 2008. Yet, how many banking crashes have we had to endure?
To put more power in the hands of even less people with CBDCS (no matter how pure & honorable their initial intentions) is to tempt thousands of years of civilizational collapse yet expect a different result...mildly put this is the definition of insanity!
Yet here we are today with options for a fairer more egalitarian society - Which path do we take?
While there are challenges associated with both centralized and decentralized governance mechanisms
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