Kyle McCollom
@kyle
My conservative relatives are getting riled up about CBDCs and how the US government is going to pull a corralito (https://en.wikipedia.org/wiki/Corralito) with it. I don't think a CBDC makes a government more able to corralito us than the current digital system. Am I wrong?
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Locha ā”ļø
@locha
Why would the US want to impose a corralito in the first place? What happened in my country (Argentina) at that moment was a deep economic crisis with plummeting reserves at the central bank. We had 5 presidents in 2 weeks, it was that bad
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BORED š„±
@bored
Only if they ban all other digital currencies, which they won't.
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Kaito Cunningham
@kaitocunningham
CBDC's are already being used for a wholesale perspective. The question on if the US government is going to enable CBDC's at a retail/consumer perspective will be v interesting.
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Lish š½š©šµšš¦
@lishousesq4rz
Personally I'm not scared of corralito hitting our shores (yet). But tech makes more sense in developing nations. Only a few have launched, others are in pilot, we are in "development" and falling behind. Look at Singapore, euro area, United Kingdom. All on track to adopt ahead of US. More financially inclusive.
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