~snip~ Americans shouldn't get their hopes high just yet. USD-based stablecoins are basically a "de-facto" CBDC, anyways. Designing a "Digital Dollar" from scratch may be unnecessary. We'll see what happens... Should we even care? Ordinary people are already under surveillance anyway, especially those who pay with cards. Stablecoins are not CBDC, but they could be called PBDC (private bank digital currency) and that is something completely different if we take into account that they are controlled by private companies. Of course, they are pegged to the fiat currency on which they depend, so they are in some way part of a centralized system. Whichever way we look at it, the world is moving towards the digitalization of everything that can be digitized, which means that it is only a matter of time before every country will have a digital version of its currency. This is true, we are always under someone's eye, the banks are seeing every single detail that we spend our money on and that matters a lot. We should not be considering this as a problem anymore if we are already doing this. Not saying that we should, of course you could deny that and do something else if you want to but the reality is that we are not going to really see something like this easily. In most cases, we should be able to, but there will be a lot of people who use credit cards daily and then complain about CBDC and privacy. I have seen a lot of people here who have instagram accounts and share their everyday life and then worry about KYC in Ta28. This is why people are not entirely straight with every subject.
~snip~ Americans shouldn't get their hopes high just yet. USD-based stablecoins are basically a "de-facto" CBDC, anyways. Designing a "Digital Dollar" from scratch may be unnecessary. We'll see what happens... Should we even care? Ordinary people are already under surveillance anyway, especially those who pay with cards. Stablecoins are not CBDC, but they could be called PBDC (private bank digital currency) and that is something completely different if we take into account that they are controlled by private companies. Of course, they are pegged to the fiat currency on which they depend, so they are in some way part of a centralized system. Whichever way we look at it, the world is moving towards the digitalization of everything that can be digitized, which means that it is only a matter of time before every country will have a digital version of its currency. This is true, we are always under someone's eye, the banks are seeing every single detail that we spend our money on and that matters a lot. We should not be considering this as a problem anymore if we are already doing this. Not saying that we should, of course you could deny that and do something else if you want to but the reality is that we are not going to really see something like this easily. In most cases, we should be able to, but there will be a lot of people who use credit cards daily and then complain about CBDC and privacy. I have seen a lot of people here who have instagram accounts and share their everyday life and then worry about KYC in Ta28. This is why people are not entirely straight with every subject.

~snip~ Americans shouldn't get their hopes high just yet. USD-based stablecoins are basically a "de-facto" CBDC, anyways. Designing a "Digital Dollar" from scratch may be unnecessary. We'll see what happens... Should we even care? Ordinary people are already under surveillance anyway, especially those who pay with cards. Stablecoins are not CBDC, but they could be called PBDC (private bank digital currency) and that is something completely different if we take into account that they are controlled by private companies. Of course, they are pegged to the fiat currency on which they depend, so they are in some way part of a centralized system. Whichever way we look at it, the world is moving towards the digitalization of everything that can be digitized, which means that it is only a matter of time before every country will have a digital version of its currency. This is true, we are always under someone's eye, the banks are seeing every single detail that we spend our money on and that matters a lot. We should not be considering this as a problem anymore if we are already doing this. Not saying that we should, of course you could deny that and do something else if you want to but the reality is that we are not going to really see something like this easily. In most cases, we should be able to, but there will be a lot of people who use credit cards daily and then complain about CBDC and privacy. I have seen a lot of people here who have instagram accounts and share their everyday life and then worry about KYC in Ta28. This is why people are not entirely straight with every subject.

~snip~ Americans shouldn't get their hopes high just yet. USD-based stablecoins are basically a "de-facto" CBDC, anyways. Designing a "Digital Dollar" from scratch may be unnecessary. We'll see what happens... Should we even care? Ordinary people are already under surveillance anyway, especially those who pay with cards. Stablecoins are not CBDC, but they could be called PBDC (private bank digital currency) and that is something completely different if we take into account that they are controlled by private companies. Of course, they are pegged to the fiat currency on which they depend, so they are in some way part of a centralized system. Whichever way we look at it, the world is moving towards the digitalization of everything that can be digitized, which means that it is only a matter of time before every country will have a digital version of its currency. This is true, we are always under someone's eye, the banks are seeing every single detail that we spend our money on and that matters a lot. We should not be considering this as a problem anymore if we are already doing this. Not saying that we should, of course you could deny that and do something else if you want to but the reality is that we are not going to really see something like this easily. In most cases, we should be able to, but there will be a lot of people who use credit cards daily and then complain about CBDC and privacy. I have seen a lot of people here who have instagram accounts and share their everyday life and then worry about KYC in Ta28. This is why people are not entirely straight with every subject.