it’s kind of hard to say I think. Technically I guess nothing would have to change except more surveillance and potentially faster transactions…or govt could decide to take over the role of banks completely. It depends on what laws govt make and what laws govt breaks. Difficult question. CDBCs seem silly to me from a individual POV. What’s the benefit? Unless you tell me I don’t have to pay income tax anymore, it’s all deducted automatically, I guess that would relieve a burden for some people. Still prefer decentralized currency and the more variety of methods of exchange the better
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The auto income tax is an interesting one!
One of the questions that came up around the role of banks was, would the CBDC issuer just give you a 'wallet' instead?
So essentially replacing a bank account if you didn't have one?
I guess they could if they wanted to but I doubt that would replace banking anytime soon. People who aren't into crypto yet aren't really crazy about self custody, even if govt claims to protect and insure it. It's hard to really imagine CBDC's still. I think they will creep up on us slowly in stages, and by then crypto will likely be a part of the financial system