JUST IN: SWIFT to launch new Central Bank Digital Currency platform in 12-24 months - Reuters
CBDC is financial slavery.
Every country is pushing this.
👉#Bitcoin 
Discussion
time to opt out
Hand waving. They suck at IT. This is no different than the McKinsey class who talks about “blockchain not Bitcoin” or “distributed ledger technology”, just at the central banker level. They won’t launch shit. At best, they tweak a few things and rebrand it as something bigger than it is just to try to feel relevant.
Yes they suck but Microsoft is building it for them
Build what exactly. MIT DCI is too. But it’s all vaporware. There’s nothing that can be built.
Centralized digital currency
Yea how does that work exactly in such a way that’s meaningfully different than what exists now. It’s all vaporware hand waiving to sound relevant. I see it as exactly like someone saying they can make a better Bitcoin. Not possible.
Centralization is in the name, they have no blockchain delusions. The core of today's fiat is 1950's tech. In contrast, every unit of centralized currency can be *completely* controlled.
As for “blockchain”, yes they do. That’s the main goal of MIT’s DCI digital currency initiative. The director, Neha Narula, testified to Congress on camera that they can make a CBDC blockchain better than Bitcoin. (Which they obviously can’t.)
As for making it more centralized, commercial banks won’t allow it. They’re the main Fed shareholders anyway. They profit too much from the status quo. Centralize by absorbing commercial competitors, sure. But disintermediate themselves? Never.