Quote from: OpenCryptoSystem on January 10, 2021, 06:49:51 PM

Usa digital dollar is coming soon
The way to produce more currency it might be defi
Defi so yield farming will be new banking

But won't this digital dollar be 1:1 with USD? This doesn't really matter if they start a new digital dollar and peg it in the market when the price of bitcoins and eth is rising more then ever.

But it's not just USA but many countries, so if they start this it won't be as simple as them giving out a currency which is digital there will also be a matter of :

Competition.

Quote from: milesfull on Today at 11:16:34 AM

They will try to outperfom China in this. However, they will use their own blockchain, for sure. And this is not good for crypto industry in general

Completion is always good but what's not good is :
Them trying to use unfair means , they will try and ban Bitcoins and other cryptocurrencies which means that they will indirectly force people to use their digital dollar.

But what would happen for real ??
They still have to try and compete with the market at the same time taking care of the riots and COVID. This should be actually last in the line to care about.
-they need to first stabilize the country and keep the USD value normal by once and for all deciding the stimulus stop and try and make everything normal.

If a person is trying to achieve economic freedom why would they choose a digital currency owned by the government in the first place ?