Quote:
Originally Posted by bubur
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your face when blockchain is used to create the most dystopian, traceable, and controlled currency system ever known:
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For the record:
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Most people are dumb and don't understand (insert buzzword here)
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Like most plebs, you don't understand blockchain. It's just a data structure. It's just one of a few items that make Bitcoin powerful.
Anyone who wants total control of something won't use blockchain as a data structure. It's highly inefficient. Just use a database. Oh wait, we already do that. Websites, games, every digital provider, Visa, etc... they all use databases.
You're just describing government fiat and adding in the big bad scary word you don't understand: "blockchain."
Any CBDC that is created, will not use the blockchain data structure in any meaningful way. Period.
If they do and take on all the negatives of blockchain with none of the positives (from the view of a single centrally controlling entity,) they will just be a less efficient form of doing the exact same thing but using a database.