- Impact
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The rumors are correct, governments and central banks around the world are preparing a monetary shift equating to a "New Brettonwoods." There is the Digital Yuan, which is already in circulation and has over 10 million users, Digital Euro, which the ECB announced would be required for the Euro Zone, and the last one being FedCoin, the latest of the bunch with the most obscurity.
Here is the President of the Bank for International Settlements, talking about "having complete control" over the money.
https://mobile.twitter.com/Leve_raged/status/1412928948586127362
Likely a measure to "slow" the coming tsunami of monetary inflation into the real economy. The impact on retail banks, existing debt, and the current denomination of labor/value is unknown, but I think it's important we truly identify some pain points before we land as an industry.
My question to you is, will you accept CBDCs for your domains?
If yes or no, I'm interested to know your perspectives.
Here is the President of the Bank for International Settlements, talking about "having complete control" over the money.
https://mobile.twitter.com/Leve_raged/status/1412928948586127362
Likely a measure to "slow" the coming tsunami of monetary inflation into the real economy. The impact on retail banks, existing debt, and the current denomination of labor/value is unknown, but I think it's important we truly identify some pain points before we land as an industry.
My question to you is, will you accept CBDCs for your domains?
If yes or no, I'm interested to know your perspectives.