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RE: Central Banks Are Creating Digital Fiat Currency
Interesting article, but to me it feels like a step backward. The way it's described makes it sound like basically a digital equivalent of centralized money printing. We need to move away from concepts tied to the existing fiat world.
Cryptocurrencies already solve all the same problems that eCurrency tackles, and doesn't require yet more trust in failure-prone centralized entities. Also, the whole "slightly more above-ground than Bitcoin" thing rubs me the wrong way; it reveals an ignorance and possible bias towards crypto on the part of the author.
Exactly, their goal isn't to be better than cyrpto - it's to create a digital version of the same fiat currency system we have now so they may maintain control. Unfortunately I don't see central banks just giving way to crypto without some sort of fight.