The Pros And Cons Of A Central Bank Digital Currency

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[solonepeon]

NO, I don't care CBDC because at the end of the day, control is what will eventually be a thing once they get everyone on it. The only way a digital currency will work is if it's 100% decentralized.

[ritualgentle]

Andrej, you don‘t need to be a 100% neutral channel, CBDCs are a terrifying concept and shouldn‘t be treated as an acceptable form of fiscal measure

I‘m not sure why you even included Pro‘s here

[JL-dgrm]

Honestly there isn’t anything good about this dude!! Not one damn thing.

[SmartMoneyNetwork]

Great video! CBDCs could really speed up transactions and cut costs. But privacy and centralization are big concerns. I'd love to hear more about how different countries are handling these issues. Thanks for the insights!

[ahmedkhatri]

What about the credit scoring system they intend to put in place through and cbdcs

[збройні_сили]

If it means kids can spend money without parent admission, Im in😂

[kjinfamous]

the only way this could work is total decentralization

[thekarmicbrat]

I don't get it. Sending money via paypal isn't 6%. Making payments through Stripe or something else isn't heavily taxed either. How does this make sense? And besides who makes regular bank transfers anymore? They're way too costly. Not to mention in some places there's Revolut that takes care of this.

[jonunderwood]

The Fed does not issue the dollar today, banks do, which makes our current system a Federated model. The good thing about this is anyone can go to a bank in their own community and they will issue new money for them on the spot, based either on demonstrated ability to pay from past performance or income, OR based on the assets you own. That’s our decentralized distribution model for new money, which gives ‘we the people’ access to new money. But Joe suddenly the central bank for the first time is going to issue money? And we have to hope they have enough supply for we the people? No thx.

[JohnSmith-slmd]

Transfers will be charged 20%, greedy BS costs on the backend.

[cheifrazors]

It’s all cons when it’s centralized and one institute is in charge of it. Begging to be enslaved at that point.