I think the very term 'CBDC' is misleading. It puts all the focus on the central banks. It's like being lost in a forest and being on the alert for wolves. Nothing wrong with that! Then a bear gets you. You needed to have a wider range of concerns. I wrote a blog post suggesting 'CFPC', Centralized Fiat Programmable Currency, is a term which sums up the real danger. [On my blog here: https://www.prolecafe.com/blog/cfpcs.htm ].
I think the very term 'CBDC' is misleading. It puts all the focus on the central banks. It's like being lost in a forest and being on the alert for wolves. Nothing wrong with that! Then a bear gets you. You needed to have a wider range of concerns. I wrote a blog post suggesting 'CFPC', Centralized Fiat Programmable Currency, is a term which sums up the real danger. [On my blog here: https://www.prolecafe.com/blog/cfpcs.htm ].
Interesting article. It should be on Substack.
Done.
(I just worked out that there is a publish without e-mail option; I didn't want to spam people with old posts.)
https://prolecafe.substack.com/p/cfpcs?r=69jh57
You learned something new!
Informative and enlightening - thank you!