Comment on [rant?] I'm hopeful for the future of technology
Ilandar@aussie.zone 4 months ago“Crypto is the future” doesn’t really mean anything. Anyone can say that and never be wrong, because humans will always be looking towards the future. What I’m interested in is when this future is supposedly arriving. People have been making big claims about this stuff for nearly two decades and it’s still pretty irrelevant. Meanwhile CBDCs are actually being developed and rolled out globally. Where is crypto?
shortwavesurfer@lemmy.zip 4 months ago
There are three countries who have launched a CBDC. They are the Bahamas, China, and Nigeria. And uptake in all three of those places is extremely low. As for the truly decentralized cryptocurrencies, they’ve been building for the last 15 years and are getting to the point where they are extremely easy to access and use. I remember back when every website had to write their own specific payment gateway to accept crypto and you don’t need to do that anymore. Decentralized finance applications are getting more secure over time thanks to audits and hacks of competitors. More liquidity is able to enter without shoving the price around quite so much and so it is becoming more stable over time.
Ilandar@aussie.zone 4 months ago
More than 70% of central banks are currently researching and/or designing their own CBDCs.