CBDCs are like the digital alter ego of fiat money. Central banks are issuing their own "cryptocurrencies" but without the decentralized vibe that makes Bitcoin or Ethereum special. They operate on a private blockchain, 100% controlled by the State. It sounds like crypto but in reality, it's always been money dressed in technology. What's the play? Total control + blockchain efficiency. Some see it as the future of the financial system, others as the ultimate digital panopticon.
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CBDCs are like the digital alter ego of fiat money. Central banks are issuing their own "cryptocurrencies" but without the decentralized vibe that makes Bitcoin or Ethereum special. They operate on a private blockchain, 100% controlled by the State. It sounds like crypto but in reality, it's always been money dressed in technology. What's the play? Total control + blockchain efficiency. Some see it as the future of the financial system, others as the ultimate digital panopticon.