British Virgin Islands

Thursday, Dec 09, 2021

Does GovCoin / CBDC is, as The Economist claim, the Digital Currency that will replace Bitcoin?

Eric say "No, it's two totally different good solutions that will live in parallel":

"Government digital currency ("central bank digital currency" / CBDC) is a fantastic idea. It will not only enable governments to monitor every tax evasion, but much more important, it will finally enable citizens to monitor their government, and how their tax money is well spend, wasted or disappear. So Government Digital Currency is good to replace government's paper money, and to cut the middle mans, the commercial banks. but it cannot replace cryptocurrency.

Because, Government's money is the problem that cryptocurrency is invented to solve, not the solution. "


Related Articles

British Virgin Islands