Central Banks Testing Their Own Digital Currencies
Central banks will launch their own digital currencies. What do they have common with Bitcoin and other decentralized Cryptos?
They are fully centralized, i.e. controlled by the banks. They are not censorship-resistant and, most importantly, they are not immutable. In fact central banks’ digital currencies are worse than the fiat money ($,€,£ etc) we have today.
If the banks will replace the fiat currencies with their own digital currencies, they will have full control of all our money. They know exactly how, when and for what we are using it and can do whatever they want with our money. On one click they could, potential, delete all of it if they wanted too.
Government (central bank) or enterprise (e.g. FB’s Libra) digital currencies are controlled fully by the 3rd parties.
Dear Blockchainers & Cryptonists. Let’s educate everybody to understand the difference between centralized digital currencies and decentralized Cryptos such as Bitcoin. Let’s buy real Cryptos. Let’s ask for our salaries to be paid in them. Let us finally have full control of our own money!
Making the Digital Revolution yours,
True Advantage Consulting