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0 pointscyberax2d ago0 comments

Dollar is already "digital", and has been for the last 50 years or so.

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I meant this https://www.federalreserve.gov/central-bank-digital-currency..., this https://en.wikipedia.org/wiki/Digital_euro and this https://en.wikipedia.org/wiki/Digital_renminbi

cyberaxOP2d ago

It's just buzzwordy bullshit. The European system is just a classic credit/debit system. The Chinese system is a bit more sophisticated, with offline capability and smart contracts.

But it doesn't use any distributed proof-of-work/stake stuff.

j / k navigate · click thread line to collapse

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mrkramer2d ago

I meant this https://www.federalreserve.gov/central-bank-digital-currency..., this https://en.wikipedia.org/wiki/Digital_euro and this https://en.wikipedia.org/wiki/Digital_renminbi

cyberaxOP2d ago

It's just buzzwordy bullshit. The European system is just a classic credit/debit system. The Chinese system is a bit more sophisticated, with offline capability and smart contracts.

But it doesn't use any distributed proof-of-work/stake stuff.

j / k navigate · click thread line to collapse