PNW - Central Bank Digital Currencies are the future of currency, and when they arrive, they'll enslave the world. To understand why, you first need to understand what they are, how they serve the vision of those in power, and why they're inevitable.
What Are Central Bank Digital Currencies?
Central bank digital currencies (CBDCs) have yet to be launched on a large scale, but advocates envision a government-controlled cryptocurrency that replaces national currencies. CBDCs will use digital tokens on a computer network to represent a national currency. They'll rely on blockchain, the same technology behind Bitcoin, Etherium, and other popular cryptocurrencies.
As a replacement for paper currency, CBDC will serve as the digital equivalent of paper currency for use as payment and an official unit of account. It will carry its own unique serial number or digital watermark to prevent counterfeiting.
Across the world, central banks are openly discussing the introduction of CBDCs, including England, Canada, China, the European Union, and the United States. So why should you care? Because CBDCs are far different from Bitcoin and other popular cryptocurrencies. Bitcoin is decentralized. No single authority controls it. In contrast, central banks will operate, regulate, and control CBDCs. As ....READ MORE
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