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What if CBDC’s are “backed by gold”?

This would make it easier for countries to de-dollarize.
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Nyminal 2y ago

Who trusts the gold repositories? LMA is attempting to “digitize” bars, but is still - and always be a trust issue between the cohorts using the derivative.

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bitcoinacct 2y ago

Agreed. But if that trust and verification process could be created for countries with SWIFT problems, that could get interesting.

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Nyminal 2y ago

Sure - whether it’s a Bankor-style commodity basket or a bitcoin derivative coin, same security model issue as fiat/gold peg - trustlessness.