Four Key Questions About Digital Currencies

bee

At some point in the next five to 10 years, when each of us becomes the owner of a sovereign-backed digital currency, we will look back on the summer of 2021 as a turning point.

The message delivered last week by the Bank for International Settlements in its annual report could not be more clear. Most central banks will soon issue their currency in digital form, making it directly available to each of us on our mobile phone and instantly exchangeable over long distances — just like email.

central banks will soon issue their currency in digital form

Mark

Dilbert on Cryptocurrency Trading

catch22

Ethereum's co-founder...."I QUIT". He doesn't like the risk profile.

LINK

davfor

@bee thanks for the informative CBDC post

Re cryptocurrencies:

"Cryptocurrency is like taking the worst parts of today's capitalist system (eg. corruption, fraud, inequality) and using software to technically limit the use of interventions (eg. audits, regulation, taxation) which serve as protections or safety nets for the average person."

Dogecoin creator likens cryptocurrencies to a scam run by "powerful cartel" to benefit the rich