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030 - Knut Svanholm: Seafaring, Praxeology & Bitcoin Spirituality
Free Cities Podcast
The Failure of CBDC Central Bank Digital Currency
People start getting freebies, little freebies as a taster. CBDCs arrive and they say, right, everyone adopt this wallet. There's 300 quid in there a month. This is how you get on board. And then you're in. So it's all connected with CBDC central bank digital currency as well. People will have a propensity to almost certainly with the free money to rely on them for their lives. But why does it fail? It fails because it doesn't work. The TLDR on the Praxeology book, like Robinson Crusoe is catching fish with his hands. He realizes that if he can somehow construct a net, a fishing net, he
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