Tunnel Vision

March 26, 2023 – 11:08 am

Posted by Malcolm on at 11:08 am, filed under Reaction. RSS feed for this post. Trackbacks are closed, but you can post a comment.

2 Comments

  1. Dave says

    Just don’t forget ‘Convenience’. That is all you need to know. :-)
    BTW what does CBDC stand for?
    Dave

    Posted March 28, 2023 at 5:33 pm | Permalink
  2. John White says

    @Dave: CBDC is ‘Central Bank Digital Currency’.

    The idea is to create something like a Bitcoin or Ethereum, but with all the incredible downsides of the current banking system.

    There seems to be some ‘confusion’ where some are claiming that the ‘FedNow’ transaction processing service- which would actually result in a lot more freedom than the present situation for Americans who are denied the freedom to transact by the nefarious entities who deplatform people from Visa and MasterCard processing- is a forerunner for a CBDC.

    It might support a CBDC to some degree, but it’s otherwise entirely unconnected.

    Posted April 26, 2023 at 8:06 pm | Permalink

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