BIS is doing their innovation summit. Lots of CBDC talk, but no innovation.
Discussion
Idea theft will not work in their favor.
Can't wait. 21-22 March the memes will be like firework. I'll make a real Carstens gif for the occasion. 😎
Has anyone written a good theoretical play by play of how ineffective a CBDC would actually be? I don't have the background to speak authoritatively on the subject, but my intuition says CBDCs would realistically fail for all the same reasons that fiat does, but probably faster.
ENaira 👍