I’ll be honest: I still think central bank digital currencies (#CBDCs) are nonsense. Digital currencies and #cryptocurrency are inefficient solutions but inefficient in order to be independent, distributed, without central control. So the whole notion of having one which is controlled by a central bank is an oxymoron and adds very little end user value.
Happy to be proven wrong, happy to hear what the case is. But it’s 17 years since #bitcoin launch and CBDCs have had zero impact.
ECB Establishes Innovation Hub to Test Digital Euro as Preparation Phase Nears End - The European Central Bank (ECB) said it set up an innovation hub with 70 participants to ... - https://www.coindesk.com/policy/2025/05/06/ecb-establishes-innovation-hub-to-test-digital-euro-as-preparation-phase-nears-end #digitaleuro #policy #cbdcs #news #ecb #eu
Crypto bros love to suggest that the central banks will be adopting some sort of #blockchain technology called "CBDCs." This is a desperate attempt to suggest their useless technology has use-cases.
Top 10 Fintech Trends for 2025: #AI, #GreenTech, #CBDCs & More
Discover how AI, sustainability and evolving consumer needs are transforming fintech in 2025, from wealth management to CBDCs and automated banking
https://fintechmagazine.com/articles/top-10-fintech-predictions-for-2025
Even central banks are losing faith in #CBDCs | @financialtimes
"governments and central banks would have to agree on who to license as authorised CBDC dealers. Regulators would have to oversee their dealings, ensuring that their inventories of the relevant CBDCs were adequate. Central banks would have to stand ready to act as liquidity providers of last resort. All this would require the equivalent of the Basel Committee on Banking Supervision, but on steroids"
https://archive.is/2024.11.26-201126/https://www.ft.com/content/e50d0d40-a670-4ee7-b734-5f0ee3375aeb
@olson.walter I'm #libertarian leaning &I have NO faith that former Pres #Trump would follow through with things like leaving #Cryptocurrency alone. When he first mentioned it, it sounded like he supported #CBDCs, until someone told him we don't like that. He'll say anything. He's openly supportive of dictators who rule "with an iron fist." I would not vote for VP #Harris if there were a viable libertarian candidate, but Kamala Harris is far-and-away the best choice for libertarians.
.@davecraige is a "Partner at Studio Capital" and "Mentor for @Ycombinator" who in his spare time moonlights as a sycophant for #CBDCs.
The only innovation in payments to come out of Silicon Valley are innovative ways to turn the population into social credit slaves.
What some in the #cryptocurrency space fail to recognize when it comes to:
ALL of these things are connected and lead back to the same special interest groups.
You cannot fight one of these problems in isolation. They are all tied together!
You must fight them all!
> if the work established between the #BRICS representatives results in the creation of a payment system, potentially called the #BRICSbridge, #centralBank #digitalCurrencies (#CBDCs) could be useful to facilitate #decentralized trading transactions. This means that “none of the participants will be able to limit the actions of the others.”
https://news.bitcoin.com/russian-senate-leader-predicts-use-of-cbdcs-in-brics-payment-system/
Israel to Start Digital Shekel Challenge to Develop Payment Use Cases - Israel's central bank is launching a challenge on the use of a central bank digital curre... - https://www.coindesk.com/policy/2024/05/29/israel-to-start-digital-shekel-challenge-to-develop-payment-use-cases/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #bankforinternationalsettlements #centralbankdigitalcurrencies #bankofisrael #regulations #policy #israel #cbdcs #news #bis
The landscape of #Payments is undergoing a profound transformation, presenting both challenges and opportunities for financial institutions
https://fintechmagazine.com/articles/payments-industry-a-novel-approach
Something feels forced about the transition away from cash in Australia. Someone I know received a letter from the bank saying they have three months before they can no longer use their cheques! Due to "a rise in digital payment methods".
Am I the only person on fediverse in #Australia who thinks a digital payment methods are overrated?
Do we need to think twice about purging tokens like cash and cheques from our monetary system? What do vulnerable groups and minorities think of digital payment and surveillance systems?
@ksaj A "central bank digital currency" is not Bitcoin. Bitcoin and #CBDCs are very different things. Blocking the creation of a CBDC does nothing to #Bitcoin. Bitcoiners in general are against CBDCs as one of the greatest modern threats to privacy and individual economic autonomy. FWIW nobody can stop Bitcoin, it is the most secure digital network in human history and completely decentralized. The US could "ban it" and the next block would still arrive on time. It's truly a global currency
#CBDCs are “a disaster for #privacy”: The Government Must Listen To Warnings From Around The World And Rethink The Digital Pound - https://bigbrotherwatch.org.uk/wp-content/uploads/2023/11/CBDC-a-privacy-eroding-pound-FINAL-1.pdf more from me here: https://www.privateinternetaccess.com/blog/the-latest-threat-to-privacy-cbdcs-central-bank-digital-currencies/
Mastercard Says Customers Are Too Comfortable With Today's Money for Adoption of #CBDCs: CNBC
Hacktivism in Perspective
@jaromil's talk at web3privacy, Rome.
https://yewtu.be/watch?v=Xb-PDjGLy7k
An excursus of the last +40 yrs of counterculture and #cyberactivism
From #GNU, #wikileaks and #Bitcoin, to algorithmic #sovereignty and #CBDCs.
Thought for the day: If the banking system had functioned as intended there would have been no need for the creation of #cryptocurrency. #CBDCs were created by the banks in an attempt to get more control over your #financial #privacy. https://nitter.cz/PIVXcommunity/status/1717932706623840717#m
and:
BIS chief calls on countries to modernise legal frameworks to support #CBDCs
https://www.finextra.com/newsarticle/43024/bis-chief-calls-on-countries-to-modernise-legal-frameworks-to-support-cbdcs
