Oneofus on Nostr: #[0] I can envision a scenario in which central banks start issuing CBDCs backed by ...
Excellion (npub1exc…n72a) I can envision a scenario in which central banks start issuing CBDCs backed by BTC as collateral. According to Gresham's Law, since these CBDCs are regarded as inferior currency, they would likely drive BTC out of circulation. By the end of the day, BTC would still remain as digital gold while CBDCs would become a widespread form of payment then.
Published at
2023-03-29 13:41:42Event JSON
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"content": "#[0] I can envision a scenario in which central banks start issuing CBDCs backed by BTC as collateral. According to Gresham's Law, since these CBDCs are regarded as inferior currency, they would likely drive BTC out of circulation. By the end of the day, BTC would still remain as digital gold while CBDCs would become a widespread form of payment then.",
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