I find David Birch infuriating (Bitcoin minimizer), but worthwhile reading. His latest article makes the case for banks to get out of payments, which almost seems like a roundabout for CBDC infrastructure.

He says there can be narrow banks with accounts at the Fed who just focus on payments, although seems unaware of nostr:npub1uyz4w2w4rcphk0q5arzkutrecgscxwzajj4dkvh9mjyqjtxslm6qea8632 and Custodia.

Interestingly, he actually makes a strong argument for separating loans and actual base money accounts, which nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt has been explaining lately.

Worth seeing this all from a fiat-ish fintech guy perspective.

https://dgwbirch.substack.com/p/payments-are-a-utility-and-critical