Digital currencies/coins are here to stay, like it or not. Big difference is between centralized and decentralized. CBDC will be the former and if in the context of foreign exchange, is one thing, but in terms of domestic exchange, the FED/Gov has no authority to mandate. They will try and they will bribe the populous at first (because the [petro]dollar will be worthless eventually). Better to exchange paper dollars before it comes to that. That will be the selling point. Safety, ease of use and security will be the pitch. And unfortunately the working class and poor will see no other alternative. I don't have the answer friends, only more doubt and questions.
Digital currencies/coins are here to stay, like it or not. Big difference is between centralized and decentralized. CBDC will be the former and if in the context of foreign exchange, is one thing, but in terms of domestic exchange, the FED/Gov has no authority to mandate. They will try and they will bribe the populous at first (because the [petro]dollar will be worthless eventually). Better to exchange paper dollars before it comes to that. That will be the selling point. Safety, ease of use and security will be the pitch. And unfortunately the working class and poor will see no other alternative. I don't have the answer friends, only more doubt and questions.
...valid observation....