I bet people will exit that crap to cash asap, remembering how credit cards fared in the blackouts. So the state must abandon cash soon after.

> they say it won't be blockchain based. Sounds like a KYC account at the ECB.

I remember during covid, the British were trying to build a track and trace app

apple and Google offered to build it

The British said, no thanks, we’ll build it ourselves

Months later, after wasting millions on a version that was eventually scrapped anyway, they had to go back to the tech giants 

It perfectly illustrates the incompetence of the state 

I'm not saying they'll use the rippletards tech or ethtards but whatever happens it will be entertaining to watch 🤣🤣

I do hope we can trade BTC/CBDCs in a non-custodial way, like BTC/USDT currently at SideSwap. The problem will be if those CBDCs come programmed to expire or to be spent only on food etc. We shall see and adapt. One thing is clear, CBDCs are coming, because the governments are running out of buyers of their debt. 

But about Digital Euro they say it won't be blockchain based. Sounds like a KYC account at the ECB. So they can treat all the incoming transfers as taxable gain unless proven otherwise.

econ

Stablecoins threaten the banking elite

I do hope we can trade BTC/CBDCs in a non-custodial way, like BTC/USDT currently at SideSwap. The problem will be if those CBDCs come programmed to expire or to be spent only on food etc. We shall see and adapt. One thing is clear, CBDCs are coming, because the governments are running out of buyers of their debt. https://stacker.news/items/1429176

But about Digital Euro they say it won't be blockchain based. Sounds like a KYC account at the ECB. So they can treat all the incoming transfers as taxable gain unless proven otherwise.