Privacy Concerns and Flawed Arguments Surrounding CBDCs

Despite growing concerns about central bank digital currency (CBDC), efforts for its adoption in the US persist. One key argument in favor of CBDCs is the notion of a level playing field, suggesting competition with private currencies for benefits like speed, interest payments, and direct monetary policy influence. However, the claim of achieving a level playing field between CBDCs and other cryptocurrencies is deemed impossible due to the inherent advantages that government-backed currencies hold over private entities.