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.
There have been a lot of scrapped CBDC projects and only 2 launched: Bahamas and Jamaica https://cbdctracker.org/
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