Replying to Avatar Toxic Bitcoiner

Yea how does that work exactly in such a way that’s meaningfully different than what exists now. It’s all vaporware hand waiving to sound relevant. I see it as exactly like someone saying they can make a better Bitcoin. Not possible.
Avatar
Hazey 1y ago

Centralization is in the name, they have no blockchain delusions. The core of today's fiat is 1950's tech. In contrast, every unit of centralized currency can be *completely* controlled.

Reply to this note

Please Login to reply.

Discussion

Avatar
Toxic Bitcoiner 1y ago

As for “blockchain”, yes they do. That’s the main goal of MIT’s DCI digital currency initiative. The director, Neha Narula, testified to Congress on camera that they can make a CBDC blockchain better than Bitcoin. (Which they obviously can’t.)

As for making it more centralized, commercial banks won’t allow it. They’re the main Fed shareholders anyway. They profit too much from the status quo. Centralize by absorbing commercial competitors, sure. But disintermediate themselves? Never.