Post by: newshunter on November 29, 2021, 01:04:33 AM
The Bank of England promotes CBDCs as a “revolution of money,” while Brits are not really willing to use it.
Source: Bitcoin too volatile to be adopted as legal tender, says BoE chief (https://cointelegraph.com/news/bitcoin-too-volatile-to-be-adopted-as-legal-tender-says-boe-chief)
Would appreciate your opinion about this
Post by: TomPluz on November 29, 2021, 06:18:45 AM
In my own opinion, CBDCs are actually just digitalized fiat money and so it is of no big wonder why this is the form of the new money that central banks may opt to have given that with this form they can even have greater control of money, unlike with cryptocurrency where the control is ceded back to the hands of the people. Now, of course, the government can promote their CBDCs but eventually the people will be choosing cryptocurrency.