Originally Posted by Stickfight
Originally Posted by smallfry
in fact the government is working towards CBDCs and one day you’ll wish you could own paper fiat.


As a practical matter Western economies are already CBDC based. The vast majority of currencies like USD and EUR traded in markets will never exist in physical form. They''ll only ever be bits on someone's electronic ledger. Probably a Jew's.

People get spooked by cryptocurrencies, but most USD transactions are an order of magnitude less secure and authenticated than the smallest crypto exchange.

Yes money is electronically transacted now, CBDC is an effort to rid paper fiat, which fiat or not that is bad.

Crypto has never really become what it was marketed as, has a huge fundamental problem as a “currency”, and the fed will never let it “become a currency”.