Can Central Bank Digital Currencies (CDBC) Wash Bitcoin and Other Crypto-Currencies Down the Drain ?
T oday’s Central Banks have started initiating their own Central Bank Crypto Currencies to take over stablecoins and Crypto Currencies like Bitcoin, ETH, DAI and many more. Can CDBCs really wash them down the drain by totally replacing them both in acceptance and utility over the solutions and services that these Decentralized Digital Assets have come in to solve ? These digital assets which Bitcoin is the first of it’s kind to solved the double spending problem in a decentralized and permissionless manner which is transparent and secure like paper and coins money have helped the banking system to improve on Fiat Digital Currency which are called Central bank Digital Currencies (CDBCs), some of these Decentralized Digital Assets will stay the test of time while others will phase-out by Government Regulations and not been able to catch up with modern trends causing them to loose participators. To know which and which to stand the test of time to keep her word and value is not mine ...