The means of production would rest entirely on CBDCs if that is the only way to pay taxes. No tax payment… well, you know what happens then. Sure, you could decide not to sell your products for fake digital money, but you’d quickly find yourself out of resources to buy the things you need to live.
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People could still have btc and still have some of whatever CBDCs the state is giving out, not declare their btc and pay taxes only on the CBDCs they make? That’s what so cool about bitcoin, it’s ALWAYS an option? It would be like a black market larger than the size of your official economy, and that already happens in a lot of countries.
That’s exactly why I said CBDCs would be like economies shooting themselves in the foot.