CV116: Monetary Base Companion - 2021 Q3
Crypto Voices
00:00
CBDC
Central banks have a direct claim on their respective, those respective central banks to keep the peg. They have to buy and sell euros as they can in Denmark or buy and sell dollars as they can in Hong Kong to exactly keep thepeg. So soon, soon you're going to see a third shaded thing - that's going to be the CBDC. Which is interesting because that changes the economics too. And in my opinion, CBDCs will be horrible for the customer as we talked about for many censorship reasons before.
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