Yes, I know that it still exist, and yes, decentralized currency which utilizes distributed, cryptographic validation is not actually a strictly bad idea, but…
Is the speculative investment scam, which crypto substantially represented, finally dead? Can we go back to buying gold bars and Pokemon cards?
I feel like it is, but I’m having a hard time putting my finger on why it lost its sheen. Maybe crypto scammers moved on to selling LLM “prompts?” Maybe the rug just got pulled enough times that everyone lost trust.
More fact info
The problem with CBDC is that they are actively developing it in a way they intended on rolling it out to the public (they are trying to set up campaign to roll it out) and we would be very screwed if it ever goes live, because it is not decentralized, there is going to be no due process and the authority is controlled by the government which historically have screwed people over repeatedly, just look at civil forfeiture surpassing robbery in USA, they could just do it with a mouse click in CBDC.
Even Yermack points out the risk of political abuse of CBDC and yet they are still going for it.