[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

11 Signs That The Entire Country Is Facing Enormous Economic Challenges Right Now Israel used depleted uranium bombs in Iran strikes: Netanyahu halts aid to northern Gaza in bid to protect govt coalition This is why Israel agreed to the ceasefire After a Year-and-a-Half of Public Beatings, Caitlin Clark May Be Finished Photos show damage in Haifa and Tel Aviv from Iranian missiles RFK Jr and Joe Scarborough — “WeÂ’re going to find out Thimerosal (mercury) causes Autism” Women, Do NOT Go To India! Wall Street Panics As Socialist Set To Take Over New York, REITs Tumble At The Idiocy Of It All "Israel doesn't have much time left and they are out of money" Col. Douglas Macgregor I got banned on X for a week DEMOCRAT INSURRECTION IN PROGRESS Joe Rogan Takes Down Bernie Sanders on Climate Change and Higher Taxes Gold: Germany (and Now Italy) Want $245 Billion Back Enough is enough. You can’t monetize exercise and diet…this institution is ridiculous. US Went Beyond Its Proxy War Against Iran Jewish Tourist Viciously Assaulted Muslim Toddler in Moscow Thousands of Israelis 'flood' into Sinai desert raising alert level in Egypt Harvard-linked study finds Israel ‘disappeared’ nearly 400,000 Palestinians in Gaza, half of them children: Harvard-linked study finds Israel ‘disappeared’ nearly 400,000 Palestinians in Gaza, half of them children: ‘No survivors’: Israeli media reveals details on latest Hamas ambush in Gaza Africa is tearing in HALF: Scientists detect deep Earth pulses beneath Ethiopia Russian Geran-2 drones now hunt heat targets in night strikes Mercury in High Fructose Corn Syrup JFK's Words. AIPAC's Deeds Which country is a terrorist state? New York Power Grid Stabilizes After Rare Energy Warning NYC - you in danger, girl. Also, Rogan humiliates Bernie, and Matt Gaetz's in-flight texts [Livestream in progress] Paul Joseph WatsonThings Are Getting Crazier Out There

World News
See other World News Articles

Title: CBDCs Not Worth The Cost And Risks, Says Former BoE Adviser
Source: [None]
URL Source: https://www.zerohedge.com/crypto/cb ... -risks-says-former-boe-adviser
Published: Jan 17, 2023
Author: Tyler Durden
Post Date: 2023-01-17 14:24:48 by Horse
Keywords: None
Views: 175
Comments: 1

...questions the motivations behind global rollouts of CBDCs, calling them “suspect.”

Post Comment   Private Reply   Ignore Thread  

#1. To: Horse (#0)

Bitcoin will never serve as a retail currency as it's entirely inadequate for doing so. It's cost is very high to use and global transaction limit is an embarrassing 7/second. Yes, seven per second. The Lightning network overlay is designed to address that but it's really a bandaid fix. Other cryptos have solved the volume & cost issue and are well able to service many hundreds of thousands of transactions per second at almost no cost whatsoever, so those limits can be cracked in at least a semi-decentralized manner. Technology will break those barriers in time if it has not already done so.

There is no question cryptos are the future. Given they give govs more power, it's inevitable govs will embrace them. The suggestion that CBDC's will destroy the market for free market crypto is lunacy though, as free market cryptos will have their attraction as long as govs and central banks abuse the power of centralized currency, which is to say, always. And if & when people start using CBDC's out of necessity, I say it will normalize crypto as legitimate in the minds of so many people that are not used to the idea of digital currencies and consider bitcoin a ponzi scheme & scam.

Bitcoin rose above $21k in the last couple days. In spite of the huge SBF scandal, crypto continues to live.

Pinguinite  posted on  2023-01-17   22:07:31 ET  Reply   Trace   Private Reply  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]