- CBDCs are a false utopia that has the ability to vest tremendous powers within centralized entities and negates the vision that Satoshi envisioned. The crypto community should therefore prioritise the use of decentralized stablecoins the likes of DAI, MIM, etc. Decentralization for the win! https://medium.com/onomy-protocol/the-false-utopia-of-cbdcs-and-why-decentralized-stablecoins-reign-supreme-6e1d4c59579b 11 comments ethereum
- CBDCs are a false utopia and do not champion the vision that Satoshi set to envision; the importance of a decentralized stablecoin is of immense importance, especially given that within our lifetimes, we will see most of the world’s value migrated on-chain. https://medium.com/onomy-protocol/the-false-utopia-of-cbdcs-and-why-decentralized-stablecoins-reign-supreme-6e1d4c59579b 34 comments ethereum
- The False Utopia of CBDCs and Why Decentralized Stablecoins Like $DAI Reign Supreme. Being backed by a collateral ultimately assures the holder that the asset is not made out of thin air and holds intrinsic value, unlike the case with CBCDs https://medium.com/onomy-protocol/the-false-utopia-of-cbdcs-and-why-decentralized-stablecoins-reign-supreme-6e1d4c59579b 10 comments ethereum
Linked pages
- The Bit Short: Inside Crypto’s Doomsday Machine | by Crypto Anonymous | Medium https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3 333 comments
- SEC’s Gensler Calls Stablecoins ‘Poker Chips’ at the Wild West Crypto Casino https://www.coindesk.com/policy/2021/09/21/secs-gensler-calls-stablecoins-poker-chips-at-the-wild-west-crypto-casino/ 9 comments
- Speech by Vice Chair for Supervision Quarles on central bank digital currency - Federal Reserve Board https://www.federalreserve.gov/newsevents/speech/quarles20210628a.htm 6 comments
- Exploring a digital euro | Deutsche Bundesbank https://www.bundesbank.de/en/press/speeches/exploring-a-digital-euro-875408 0 comments
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