Post
Topic
Board Economics
Merits 1 from 1 user
Re: Are Cryptocurrencies Really Money?
by
Emitdama
on 30/01/2021, 16:23:53 UTC
⭐ Merited by SquallLeonhart (1)
Two poll questions of interest. If I will contribute to the poll selection, I will answer "yes" to both questions. The central bank's digital currency is money because we can make payments, buy, send, and receive digital currency. Likewise with cryptocurrency. Cryptocurrency has the same function as a central bank digital currency. However, the two currencies have many differences.

should, the questions of the poll are:
1. Are the central bank's digital currency better than cryptocurrency?
2. Are cryptocurrencies better than central bank digital currencies?
I would say the reason why one was yes and the other was no came down to peoples hatred towards central banks. Have you seen the situation with the gamestop happening right now? I mean from the far right extreme groups to far left extreme groups and everyone in between we are talking about a combined agreement that wall street was bad and people should be capable of trading the way those huge hedge funds can trade and everyone in the entire nation sided with the retail investors over hedge funds.

If people can hate few billion dollars worth hedge funds that much, think of how much they hate central banks, that is even worse I believe. So when central bank says they will give out free money to everyone it will be hated, that is how much people hate them, hence when similar things were asked it wasn't a "response" by the public, it was more about "fuck the central banks" type of thing there.