Post
Topic
Board Bitcoin Discussion
Re: Banks hope to issue their own "bitcoins" to fight BTC
by
avikz
on 14/01/2021, 12:00:21 UTC
What a dumb move. Honestly who would care about their digital money since they are the same thing as their currencies? Dreamers. The race is already won.

https://www.coindesk.com/bitcoin-race-for-adoption-central-bank-digital-currencies

I don't think there is anything to fight at all! Every country will slowly move to CBDC because it comes with a host of benefits to the issuing country. No printing cost, complete surveillance on people's finance, environment friendly and so on. So it's no wonder that CBDC will eventually take over the mainstream financial world.

But does it compete with Bitcoin? Never and ever! Digitization of a currency doesn't make it a cryptocurrency. CBDCs will remain as a fiat even if the form changes! What to fight??