kamroot

Many countries', including the United States, central banks are trying to figure out Central Bank Digital Currency (CDBC). This move has accelerated after China introduced its digital currency (e-CNY).

But why do we need a digital currency when most of my transactions (presumably true for most people in a modern economy) is digital? I receive my salary via a bank transfer, make payments in grocery stores via credit cards, deposit checks via my phone by taking pictures of them, and split restaurant bills via Zelle. All that is digital - no cash is involved. Explain to me like I am 5 - What problem does a digital currency solve that is not solved by electronic (digital) transfer mechanisms of existing fiat money?

Links - US Federal Reserve working paper on CDBC https://www.federalreserve.gov/central-bank-digital-currency.htm - European Central Bank on digital currency https://www.ecb.europa.eu/paym/digital_euro/html/index.en.html - Details on Chinese e-CNY https://en.wikipedia.org/wiki/Digital_renminbi

HN had an article about how web3 is just an expensive p2p [1]. If that is the case then its core promise - of an internet where content is owned by its creators, can't be held hostage by tech oligarchs and can be moved anywhere its creator wants, is impossible to fulfill from the start. The data will have to be created by apps that are going to be coded by tech companies. What is from stoping them from adding data to the blockchain in a proprietary format? Won't that defeat the core promise? But then I can't reconcile it with the ebullient shower of praise by the likes of A16Z[2]. What am I missing in trying to understand web3?

[1] https://netfuture.ch/2022/05/web3-is-just-expensive-p2p/ [2] https://a16z.com/wp-content/uploads/2022/05/state-of-crypto-2022_a16z-crypto.pdf?utm_source=tldrnewsletter

What is a good replacement for Google Workspace now that G Suite legacy free edition is ending. Some criteria

- email hosting for a custom domain - Transfer historical email from Google to the new provider - Ability to customize A and C name records - Multiple users - Email aliases

Also, should I look for other criteria ?