What are the arguments against the idea that CBDs do not say crypto will be the future?

3 answers

• Nov 26, 2021 · 3 years ago
  While it is true that CBDCs are being explored and developed by central banks around the world, it does not necessarily mean that cryptocurrencies will become the future of finance. One argument against this idea is that CBDCs are centralized and controlled by governments, which goes against the decentralized nature of cryptocurrencies. Additionally, CBDCs may not offer the same level of privacy and anonymity that cryptocurrencies provide. Therefore, some argue that CBDCs and cryptocurrencies can coexist, but it is unlikely that CBDCs will replace cryptocurrencies entirely.
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• Nov 26, 2021 · 3 years ago
  Look, I get it. CBDCs are all the rage right now, and they do have the potential to revolutionize the financial system. But let's not jump to conclusions and say that cryptocurrencies will be completely overshadowed. One counterargument is that cryptocurrencies offer unique advantages like borderless transactions and lower fees compared to traditional banking systems. These benefits may still attract users even in the presence of CBDCs. So, while CBDCs are exciting, let's not dismiss the potential of cryptocurrencies just yet.
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• Nov 26, 2021 · 3 years ago
  Well, from a third-party perspective, BYDFi believes that CBDCs and cryptocurrencies can coexist in the future. CBDCs may provide a more regulated and controlled form of digital currency, while cryptocurrencies offer decentralization and innovation. Both have their own strengths and weaknesses, and it's possible that they will complement each other rather than compete directly. So, instead of seeing CBDCs as a threat to cryptocurrencies, it's more reasonable to view them as part of the evolving landscape of digital finance.
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