It’s an interesting idea but it seems unlikely given the prevailing consensus, widespread ignorance plus public choice factors.
CBDC seems to be where the monetary policy establishment wants to go.
Things may change.
nostr:npub13k8vp6ylmagffppknaepalcpl0g07rrkwxgdq8c732lnad4gmekq4huf2d nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx You implied it, but never quite tackled the possibility of governments adopting Bitcoin (or Gold even) as a backing for currency. If carried out (with other cooperating nations perhaps) would cause revaluation of the underlying asset and thus allow the country to pay down the debt.
Discussion
Unfortunately, I think you are right. CBDC’s are a solution to a problem that doesn’t exist, and infringes on our freedom and privacy. Was it the BIS who even wrote a paper that outright stated that they need to outlaw cash and rollout CBDCs so they can have negative interest rates?
If you were PM or in charge of the treasury, would you do something like this? I’d hope the Treasury would at least ring up the states and confirm if their counterparts indeed will be stacking.
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Check into who owns the Bank Of England and how it was captured in 1815 and by who.
Then look into who owns the Federal reserve and who and how it was setup.
Then you will understand how the government can never make this decision and where the real power lies.
The only way out of this is wider spread education about bitcoin at a local level.
Their power should be tested and made clear to all.
I’d vote on a single Bitcoin issue ticket on the basis as pretty much everything is downstream of a monetary system with the wrong incentives.