No #CBDC development in the US for at least 4 years. #Bitcoin's roots will have grown very deep by then.
Discussion
stables are the cbdc
I find it more likely that a government- backed-private-sector stable coin is issued rather than a CBDC.
"Public-private partnership"
I know people working at the Boston Fed that are currently developing CBDC implementation and rule set. I hope bitcoin can be legitimized in the minds of the normies before their God authority comes in and tells them how to act. Four years will likely not be enough, and ultimately I see financial and internet prison being the reality for those who don't know what encryption is.
If the masses are successfully deluded into CBDC social credit score system, there exists a timeline where bitcoiners and decentralized encryption users will no longer be able to peacefully mind their own business.
The political class has always tried to divide and ignite the productive class into internal conflict and I pray that normal people have the ability to reject programming and see through it.
No CBDC development in the last four years? What are you basing that claim on?
Project Cedar. The commercial band CBDC project, was still undergoing activity as of this 2023 press release.
I haven't checked in on project Hamilton lately, the retail CBDC, but my understanding is that development is basically complete, and it's ready to be unleashed during the next crisis. Be that organic or engineered.
Also nobody except Aaron Day is talking about the regulated liability network, the tokenized global asset "CBDC"
https://www.newyorkfed.org/newsevents/news/financial-services-and-infrastructure/2023/20230518