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102 sats \ 3 replies \ @0xbitcoiner 8h \ on: NAVAL: Stablecoins are just CBDCs with extra steps econ
Both types are trash. But CBDCs are way worse because they’re minted by the government.
The best form of CBDC/stablecoin would be a Chaumian token - like that used in Cashu - issued by the central bank. it would maximize privacy
Chaumian ecash works where the 'mint' (could be the central bank) digitally signs a bearer asset which is worth 1$ (or 1 euro or whatever). It has a serial number to avoid double-spending. The cool thing is that the mint (i.e. [central] bank) does not see the serial number when it's signing the bearer asset
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The Bank of International Settlements had a pilot program using ecash for CBDC, called Tourbillion and there was a project in switzerland that was working on ecash without any connection to Bitcoin, but I can't find it now.
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satoshi vision?
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