CBDC's. Are you paying attention?

Discussion in 'Digital Currencies' started by markcoinoz, Nov 23, 2023.

  1. markcoinoz

    markcoinoz Well-Known Member Silver Stacker

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    This video was put out by Coin Bureau on the shaping up of Global adoption of CBDC's.
    For anyone thinks this is just a Conspiracy Theory, suggest you do a bit more digging.
    In the video Australia gets an honourable mention.

    The best part about the video, Jessica is the host and not Guy:D

    The video is at the end of my post.
    Something also to keep an eye on.
    Algorand - XRP - USDT


    Unlike earlier projects where the CBDC was purely a proof-of-concept, the pilot CBDC was issued as a real legal claim on the RBA. In response to a white paper published in September 2022, industry participants were invited to submit proposals of CBDC use cases.

    What is the Australian CBDC pilot program?
    The project involved the RBA issuing a limited-scale 'pilot' CBDC that was a real legal claim on the RBA. The pilot CBDC was used by selected industry participants to demonstrate how a CBDC could be used to provide innovative payment and settlement services to Australian households and businesses.23 Aug 2023

    https://www.rba.gov.au/media-releas...e RBA,to Australian households and businesses.



     
  2. markcoinoz

    markcoinoz Well-Known Member Silver Stacker

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    I don't have any major concerns either, as I am sure it will happen eventually:)
    The important part for me is to be aware of it and be prepared and take steps before
    it happens. I don't rely on one source to gather information from. There is currently a fair bit of talk
    about Algorands tokenomics and although the CEO denies their involvement with planning to role out a CBDC, the
    tokenomics and their countless reports says otherwise.


    https://cbdctracker.org/

    https://cbdctracker.org/cbdc-tracker-whitepaper.pdf
     
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  3. projack

    projack Well-Known Member Silver Stacker

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    The CBDC only works until the electricity also works well at the same time.
     
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  4. pmbug

    pmbug Active Member

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    There are plenty of real signals on the global CBDC story. No need to wade through the hysterical noise.

    https://www.bis.org/speeches/sp231123.htm

    BIS honcho extols virtues of crypto and then says the future needs central bank controlled wholesale CBDC to deliver what decentralized crypto is doing right now.

    https://www.bis.org/about/bisih/topics/cbdc/mandala.htm

    https://www.imf.org/en/Blogs/Articl...al-currency-development-enters-the-next-phase

    And just for the comedy:
    https://www.bis.org/publ/work1147.htm

    ~~~

    I could also reference a multitude of reports (but I'll only list one below) on programs from various countries on developing their own CBDCs or the various cross border settlement experiments that have been conducted preparing for CBDCs (some with and some without interfaces to non-CBDC crypto platforms). The news is out there for anyone who is interested.

    https://www.coindesk.com/consensus-magazine/2023/11/07/a-cbdc-alternative-to-swift/
     
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  5. pmbug

    pmbug Active Member

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  6. pmbug

    pmbug Active Member

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    BIS continues developing advice for nation states on building retail CBDCs:
    https://www.bis.org/publ/othp82.htm

    Skimming through the paper, I saw this:
    These people have zero self awareness. Not one decentralized permissionless model (pretty much all crypto platforms aside from stablecoins) has experienced a network attack since the inception of crypto platforms. The crypto ecosystem is hyper aware of the potential and has always worked to mitigate against that risk. Anyone care to hazard a guess whether the BIS brainiacs were concerned that a centralized model might enable an actor to manipulate their network? lol. It's a feature, not a bug. They are working so hard to develop a centralized model that can deliver the same features that decentralized systems are already offering. It's really comic and tragic when you understand the issues.
     
  7. pmbug

    pmbug Active Member

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    https://www.bis.org/review/r231213e.pdf

    The 4th priority is referring to another BIS project:

    https://www.bis.org/cpmi/publ/d219.htm?source=pmbug.com
     
  8. pmbug

    pmbug Active Member

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