You've touched on a topic that's at the heart of many debates in the financial world right now. The rollout of CBDCs and their interplay with traditional cryptocurrencies is an area that's still unfolding, and as you rightly point out, it has as much potential as it does risks. The idea of programmable money, with all its advantages, also brings with it concerns about privacy and centralized control.
It's essential that, as a society, we are informed and prepared to navigate this new financial landscape. Your post is a great step in that direction, encouraging people to understand the differences and make informed choices.
Thank you so much for the read and the thoughtful comment.
As an old school crypto guy this topic has been on my mind a lot over the past few years.
These two articles really got the wheels turning.
https://www.coindesk.com/tech/2020/08/21/bitcoin-has-lost-its-way-heres-how-to-return-to-cryptos-subversive-roots/
https://www.coindesk.com/tech/2020/11/24/cypherpunk-crypto-anarchy-and-how-bitcoin-lost-the-narrative/
Indeed, the rapid growth and institutional adoption of Bitcoin and cryptocurrencies have led to debates about whether they have strayed from their original subversive roots. While mass adoption can be seen as a success, there is a fear that it will dilute the fundamental principles of the crypto movement.
Always happy to share these topics!🤝