⛔️What is the need for CBDC for large states and what are the downsides they are silent about.

CBDC is an attempt by states to *create an 'official' alternative to cryptocurrencies*, but with full government control.

Here are the downsides:

1. *Loss of privacy*

— Central banks can see all your transactions, unlike cash or cryptocurrencies.

2. *Risks of digital control*

— The possibility of freezing accounts, spending limits, or even a 'expiration date' for money (as discussed in China).

3. *Threat to commercial banks*

— If people switch to CBDC en masse, it could weaken the role of traditional banks.

4. *Cyber threats*

— Digital platforms are susceptible to hacking, failures, or outages.

For such a thing to happen, something terrible must occur in the world; it’s even hard to think about. What are your opinions, comrades?#FamaNews