The future is influenced only by the greatest minds of a generation.
How great are the minds building CBDC's? My feeling is that no great mind in software engineering would touch those projects with a 10 foot pole.
How many great engineers are passionate about giving governments even more control over the money supply? How many are excited about money which expires?
The minds behind CBDCs are as ignorant about software as most amateur entrepreneurs are—they see engineers only as low-level contractors. Truly disruptive software is built by engineers working in isolation with complete control over their vision. No great piece of software began in the mind of a politician or a banker.
The bar for CBDCs to disrupt money as we know it is the same as for any other shitcoin trying to disrupt bitcoin—they must be at least 10x better.
CBDCs will fail to gain popular adoption until some brilliant engineer working alone creates one with the belief that his work will save the world. I just don't see that happening.
Huey /
npub186…lshau
2023-07-08 16:58:05
Author Public Key
npub1866hffwlcw36q0eq6gxh06q4494zzgwgnhf8c9zwd9srq6rn8aysklshauPublished at
2023-07-08 16:58:05Event JSON
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"kind": 1,
"tags": [],
"content": "The future is influenced only by the greatest minds of a generation.\n\nHow great are the minds building CBDC's? My feeling is that no great mind in software engineering would touch those projects with a 10 foot pole. \n\nHow many great engineers are passionate about giving governments even more control over the money supply? How many are excited about money which expires? \n\nThe minds behind CBDCs are as ignorant about software as most amateur entrepreneurs are—they see engineers only as low-level contractors. Truly disruptive software is built by engineers working in isolation with complete control over their vision. No great piece of software began in the mind of a politician or a banker. \n\nThe bar for CBDCs to disrupt money as we know it is the same as for any other shitcoin trying to disrupt bitcoin—they must be at least 10x better.\n\nCBDCs will fail to gain popular adoption until some brilliant engineer working alone creates one with the belief that his work will save the world. I just don't see that happening.\n\n",
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}