The concern around FedNow being a precursor to a CBDC has revealed to many the extent to which the digital banking system is already fully controlled.

While FedNow and CBDC are totally different projects, incubated by different groups, for different reasons, with different technical architectures, what they have in common is the premise that the state is at some point an intermediary for every transaction.

This is why the major distinction in the coming years will be state money vs. non-state money.

The state moneys are not going away (at least, not anytime soon); but, for the first time in a long time, the people of the world have a politically-neutral alternative #bitcoin