Quote:
Originally Posted by
Daly
The financial system can’t build the rails fast enough for a 5 year rollout. The fed can build the train in a year.
I don’t know whether it will be the Treasury or the Fed. Don’t kid yourself, the race is on with eCYN, China’s digital yuan. Executive Orders have been issued. 140 million Chinese wallets already. As a side note, China has done a sign up bonus ($31). Lol, no play thru.
18-24 months.
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Quote:
financial system can’t build the rails fast enough for a 5 year rollout
Now we get to the fun stuff. The existence of the CBDC is in direct opposition to the private financial system (whatever that is) . This provides the vehicle for central planning and control the likes of which should frighten you - perhaps especially as a bank employee. Just for sport I can spin an argument that there will be little need for consumer banks. Now I’m just getting ornery.
CBDC will come and no one will care or be concerned. The unbanked will be saved. It will be a liberal utopia.