It doesn't matter who is in control of it. It is a centrally controlled, permissioned blockchain, meaning whoever controls the authenticators has the power to deny me the ability to spend my money.
That is unacceptable to me, no matter who is in charge. I will resist ANY CBDC to my dying breath. Either use a public blockchain like Bitcoin, or use cash. But I will never accept XRP. It is worse and more dangerous than the current central banking system. You can tell me all I day I should trust Ripple Labs because they are good guys...I don't and I won't.
I will never accept that kind of control over MY money. I decide who I give my money to. Not anyone else. Period.
You miss the point entirely.
It doesn't matter who is in control of it. It is a centrally controlled, permissioned blockchain, meaning whoever controls the authenticators has the power to deny me the ability to spend my money.
That is unacceptable to me, no matter who is in charge. I will resist ANY CBDC to my dying breath. Either use a public blockchain like Bitcoin, or use cash. But I will never accept XRP. It is worse and more dangerous than the current central banking system. You can tell me all I day I should trust Ripple Labs because they are good guys...I don't and I won't.
I will never accept that kind of control over MY money. I decide who I give my money to. Not anyone else. Period.