Agustins Carstens on Nostr: In this talk, my esteemed colleague and head of BIS CBDC research Hyun Song Shin lays ...
In this talk, my esteemed colleague and head of BIS CBDC research Hyun Song Shin lays out why Blockchains such as the crypto Bitcoin have already failed.
"If crypto were suitable as money, we would have expected one crypto coin around which everyone would coalesece.. instead we have a severe form of fragmentation of crypto universe with over 10,000 cryptocoins.. gone is any pretense that cryptomoney can serve as coordination role"
"Crypto only works [when number go up]"
"Everything that can be done with crypto, can also be done with CBD money, except for money laundering and ransomware attacks"
"Enhanced technical capabilities around the core of trust provided by central bank money"
But don't worry, despite the Crypto Blockchain's failure the BIS CBDC holds bright plans for the plebs' future.
https://www.youtube.com/watch?v=oDJfu4WsTrM
"If crypto were suitable as money, we would have expected one crypto coin around which everyone would coalesece.. instead we have a severe form of fragmentation of crypto universe with over 10,000 cryptocoins.. gone is any pretense that cryptomoney can serve as coordination role"
"Crypto only works [when number go up]"
"Everything that can be done with crypto, can also be done with CBD money, except for money laundering and ransomware attacks"
"Enhanced technical capabilities around the core of trust provided by central bank money"
But don't worry, despite the Crypto Blockchain's failure the BIS CBDC holds bright plans for the plebs' future.
https://www.youtube.com/watch?v=oDJfu4WsTrM