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I know lemmy is super anti-crypto, but digital dollars are probably inevitable, and stablecoins are vastly preferable to a CBDC
Why?
Stablecoins are a private narket solution. While CBDCs are a genuine soverign solution.
CBDCs would grant immense power to the state. They would know every purchase you make and have the ability to block specific transactions or even freeze your account fully. It's an authoritarian's dream.
Stablecoins have drawbacks too, and the state could exercise control over them somewhat. But blockchains have more property rights and privacy (although not total privacy) built into it by default. It would be much more difficult for a state to overcome those hurdles.
No crypto. Bitcoin only. No ones in charge of it and all the companies are going to want it when they realize it’s perfect capital; they’re already buying as much as they can.
https://bitcointreasuries.net/ See for yourself how much they are picking up without anyone working realizes.
Most of the wealth on earth is owned by individuals. When Bitcoin flips the wealth transfers to companies. I don’t know what that really means for the good of humanity but there’s an itchy feeling.
Buy some not none.