fantastic rip from #[0]​ and Matthew Mežinskis (dunno if he’s here to tag?)

most important thing to stress I think is that, contrary to how much fun it is to doomsplain, FedNow is *emphatically not* a CBDC.

that doesn’t mean it’s a wonderful thing or anything, but if we want to both i) make worthwhile criticisms, and ii) design better systems for bitcoin, we should understand how things actually work currently rather than turning into the boy who cried CBDC and therefore needn’t be taken seriously when shit gets real …