What I’m going to say is likely going to be seen as outrageous but realistically, it’s possible that #CBDC will end up providing a higher degree of freedom for transacting than #crypto including #Bitcoin and #Monero. Yes, CBDCs will restrict how much meat you can eat or how often and far you can travel but if we fail to grow the P2P crypto economy in our communities and beyond we’ll be de facto strongly limited in our ability to transact with it. Off-ramp of crypto that isn’t compliant with #SocialCredit score won’t be allowed and that’s also including gift cards or prepaid cards. We still have some time before the CBDCs are unleashed on us and although it’s possible that once out, people will be more inclined to accept alternatives for payment, I wouldn’t bet on that. The path to a resilient P2P economy is still far away. Let’s make it happen!
Discussion
You mean it will be more widely accepted?
The CBDCs? It’s almost certain. But my is point is that although you won’t be able to buy anything you want with CBDCs, crypto isn’t going to make us freer if we can’t buy those forbidden things with it. Dark markets will still exist and will provide additional freedoms to this extent but we need to grow adoption beyond those niche use cases, in the local/regular economy so to speak.
