CBDC-urile sunt mai rele decât conturile bancare: Adam Back Of Blockstream

CBDCs are worse than bank accounts according to the CEO of Blockstream Adam Back since they are becoming a global fad with the regulators so let’s read more today in our ultimele știri despre criptomonede.

Most industry experts believe the products will prove to be the right recipe for government control. One such is the BTC proponent and Blockstream CEO Adam Back who said that CBDCs are worse than Bank accounts and he vouched for BTC as an apolitical and unseizable money arguing that CBDCs are systems of control. Back added that the digitized version of fiat will be worse than paper cash and worse than stablecoin but also worse than Bitcoin. This is not the first time that the cypherpunk noted that the BTC features make it superior to current projects under development. In 2019, Back had said Diem can act as competition for online banking but poses no real threat to BTC.

The latest comment came in the backdrop of the former Blockstream chief strategy officer Samson Mow’s discussion on CBDC at the Asian Leadership Conference and Mow opined that the motivation with CBDCs is not to facilitate the transactions confidentially. He outlined the need to go back to apolitical money and the best way the exec thinking it will be a right move forward by adopting BTC as money similar to countries like El Salvador:

„Băncile centrale ar putea face acest lucru corect dacă ar implementa un CBDC care să fie privat și să aibă o modalitate de a tranzacționa în mod confidențial. Dar nu aceasta este motivația pentru un CBDC. Chiar și în Canada, banca care (a lansat) un post de angajare caută ingineri pentru a construi un sistem, iar rezumatul a fost: vrem o monedă digitală a băncii centrale care să fie privată, dar nu prea privată. Așa că nu pot să văd că se întâmplă într-un mod corect.”

China has been in the center of the CBDC area and has about 250 million registered wallets using the Yuan digital version. Other countries like Japan, India, and South Korea are leading the pilot testings. The US and UK but also Mexico were dragging their feet behind and are stuck in the research stage. It is important to note that Russia’s invasion of Ukraine fueled the interest regards to the wholesale bank-to-bank CBDCS in countries that are not progressing. Banking sanction was also a catalyst however not everyone believes a CBDC can come from central banks. Philip Lowe as the Governor of the Banca rezervelor din Australia vouched for these tokens issued by private companies because they are great at innovating and can offer more benefits than the ones by central banks.