Definition of CDBC = Government Cash

The snip discusses the ignorance of people in the Goldbug space regarding the history of money. It mentions a Goldback digital currency in the 1990s and highlights the failures of digital Gold currencies. It also explains that a CBDC (Central Bank Digital Currency) is a form of cash that does not create debt in transactions. The snip further states that a CBDC takes the power of supply and issuance of money away from banks and puts it under the control of the government.