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Replying to Avatar Melvin Carvalho

Interestingly enough, CBDCs will also be full reserve, since they will likely be backed by the CB, rather than a loan book

That's why they are having to ration them, each person will get maximum of 1000 units or so

CBDCs also pose systemic risk to the system

Not to mention other defects such as privacy issues. Possible future scenario:

Bitcoin > CBDCs > Bank Credit

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Snapolino 2y ago

zapped for good answsers :-)

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