Central Bank Digital Currencies (CBDCs) sound like the next frontier in crypto—but are they really? In this article, we’ll be exploring the idea behind CBDCs and why they are ultimately the antithesis of cryptocurrencies.
When Lehmann Brothers declared bankruptcy in 2008, they probably had no idea that they would inadvertently create Bitcoin. The chaos that ensued from the central banking crash inspired Satoshi Nakamoto to take decisive action to ensure it could never happen again.
Satoshi went on to create Bitcoin, which was the first attempt at a digital and decentralized currency. The questions that followed the creation of Bitcoin were plentiful. Would central banks accept it? Would people accept it? What would happen if the government deemed it illegal? Could it deliver on its promises of decentralization? Or would it just end up being a tidy tech with no real uses?
It’s almost 15 years later, and a lot…
