BIS Blasts Cryptocurrency: My Thoughts

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BIS released a part of their report on cryptocurrency. Of course, it was negative. What is interesting is they did find components cryptocurrency interesting and SHOULD be implemented into CBDCs.

In this video I go trhough why this is wrong and how the BIS doesnt even ackknowledge (know) how the monetary system operates.

https://cryptobriefing.com/bis-release-report-criticizing-crypto/


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We all know that they want to maintain control and I do agree that the technology is still being developed. I wonder how it will look like a few decades down the road and I think there will be a lot of projects that do fail.

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Logically, traditional banking is going to find many defects in Cryptocurrencies since how they cannot have control over transactions, that is what causes them a great inconvenience.

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