RE: CBDC - Struggle To Protect Central Banks And Fiat System
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I'm not against CBDCs either... if they reduce friction for businesses for payments and settlements then absolutely. It still takes so long to transfer money between international banks.
I do think that blockchains will essentially become nation states themselves though. How long will it be before Hive offers everything a nation state does? We have fast transactions, we have governance, we have financial stability, we have people living off this economy, we have yield... and I'm sure it won't be too long before people can pay their groceries and rent with their Hive earnings. I can already do that with crypto.com (they just don't have Hive yet).
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Definitely agree with you that blockchains will eventually become nation states.
The issue that worries me about Hive is that I don't hear it being mentioned anywhere, on the other hand, I read and hear news and articles from yahoo mentioning about Solana, Mana, BTC, ETH and a bunch of other useless coins all the time. But Hive ? Never any mention of Hive nor Hive Engine at all.
Maybe this is a coordinated attack of the cryptos against the fiats where Hive will be "THE" real blockchain, whereas these other other currencies without any use at all are only for distraction and diversion targeted at the countries that are trying to keep fiats alive.
Moreover, the SWIFT system is the first I would like to see taken down for good.
I think it will be asking too much for a blockchain network to offer what nation states offer. However, these systems can make services offered by nation states more transparent, efficient, and effective.