create account

What Is The Deal With CBDCs And What Ways Can This Go by taskmaster4450

View this thread on: hive.blog |  peakd.com |  ecency.com
hive-167922 · @taskmaster4450 ·
$36.20
What Is The Deal With CBDCs And What Ways Can This Go
<center>

[![](https://ipfs-3speak.b-cdn.net/ipfs/bafkreias3xoarejdomnf6q7dweic7rmygczqszqubpr7o7em5k2lymrbjy/)](https://3speak.tv/watch?v=taskmaster4450/jbvqtlpp)

▶️ [Watch on 3Speak](https://3speak.tv/watch?v=taskmaster4450/jbvqtlpp)

</center>

---

There is a lot of fear relating to CBDCs.  The big question is whether it is all a waste of time or not.

In this video I discuss the different options pertaining to them and how they could be structured.  There are a lot of drawbacks, not only for the populations but the banks.  How is this to be resolved?

We go through some of the scnearios in this.

---

▶️ [3Speak](https://3speak.tv/watch?v=taskmaster4450/jbvqtlpp)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 370 others
👎  
properties (23)
authortaskmaster4450
permlinkjbvqtlpp
categoryhive-167922
json_metadata"{"tags":["leofinance","cbdcs","cryptocurrency","archon","mancave","neoxian"],"app":"3speak/0.3.0","type":"3speak/video","image":["https://ipfs-3speak.b-cdn.net/ipfs/bafkreias3xoarejdomnf6q7dweic7rmygczqszqubpr7o7em5k2lymrbjy"],"video":{"info":{"platform":"3speak","title":"What Is The Deal With CBDCs And What Ways Can This Go","author":"taskmaster4450","permlink":"jbvqtlpp","duration":1109.346,"filesize":124345567,"file":"ipfs://bafybeic4c53x3nh2syvgmc2fog5x7xbo7ifikkbl3jlkx6rs4jrsdf6pta","lang":"en","firstUpload":false,"ipfs":null,"ipfsThumbnail":null,"video_v2":"ipfs://QmUxKyLa8jcyDp8AwJpjgF2VpSHXFTH16FjXuwpxWi9Rpi/manifest.m3u8","sourceMap":[{"type":"video","url":"ipfs://QmUxKyLa8jcyDp8AwJpjgF2VpSHXFTH16FjXuwpxWi9Rpi/manifest.m3u8","format":"m3u8"},{"type":"thumbnail","url":"ipfs://bafkreias3xoarejdomnf6q7dweic7rmygczqszqubpr7o7em5k2lymrbjy"}]},"content":{"description":"There is a lot of fear relating to CBDCs. The big question is whether it is all a waste of time or not.\r\n\r\nIn this video I discuss the different options pertaining to them and how they could be structured. There are a lot of drawbacks, not only for the populations but the banks. How is this to be resolved?\r\n\r\nWe go through some of the scnearios in this.","tags":["leofinance","cbdcs","cryptocurrency","archon","mancave","neoxian"]}}}"
created2022-06-07 23:25:06
last_update2022-06-07 23:25:06
depth0
children7
last_payout2022-06-14 23:25:06
cashout_time1969-12-31 23:59:59
total_payout_value17.087 HBD
curator_payout_value19.112 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length682
author_reputation6,704,319,375,892,428
root_title"What Is The Deal With CBDCs And What Ways Can This Go"
beneficiaries
0.
accountsagarkothari88
weight100
1.
accountspk.beneficiary
weight900
2.
accountthreespeakleader
weight100
max_accepted_payout100,000.000 HBD
percent_hbd10,000
post_id113,870,014
net_rshares74,537,939,549,989
author_curate_reward""
vote details (435)
@ai-summaries · 
**Summary:**

In this video, Task discusses central bank digital currencies (CBDCs) and delves into their potential impact on the current financial system. He explores different scenarios involving CBDCs, such as using them for interbank settlements or replacing traditional currency. Task highlights concerns like privacy, control, and the possible implications of CBDCs on individuals and governments. Additionally, he questions the necessity and viability of CBDCs compared to cryptocurrencies like Bitcoin. Overall, Task suggests that CBDCs may not present a substantial advancement and advocates for the continued development of cryptocurrencies to counter their influence.

---

Taskmaster4450, in his video, centers the discussion around central bank digital currencies (CBDCs), dissecting their significance and potential ramifications. He begins by outlining the current interest and discourse around CBDCs among various stakeholders, including politicians, central bankers, and the media. Task relates CBDCs to handling payments and settlements, drawing a comparison to initiatives like the JP Morgan coin for interbank transactions. He brings attention to the distinctions between decentralized cryptocurrencies like Bitcoin and tokens like the JP Morgan coin, emphasizing the utility of blockchain technology in enhancing the efficiency of financial systems.

Furthermore, Task explores two primary use cases for CBDCs: facilitating interbank transactions and potentially replacing traditional currency. He delves into the challenges and implications of shifting the money supply creation dynamics from commercial banks to central banks, raising legal and operational considerations. Task scrutinizes the privacy concerns associated with CBDCs, including programmable features like negative interest rates and the potential intrusion on individual financial accounts.

The video extends to discuss the power dynamics and implications of CBDCs on political and economic landscapes. Task debates the feasibility and desirability of implementing CBDCs, considering the vested interests of various stakeholders like commercial banks, governments, and the Federal Reserve. He contemplates the impact of CBDCs on monetary policy, the distribution of power, and the broader financial ecosystem, urging caution in embracing revolutionary changes without due consideration.

Towards the conclusion, Task expresses skepticism regarding the transformative potential of CBDCs in comparison to existing private bank money and decentralized cryptocurrencies like Bitcoin. He emphasizes the importance of continued innovation in the cryptocurrency space to counterbalance the influence of CBDCs. The video closes with Task highlighting the ongoing research and the evolving nature of CBDC discussions, indicating the uncertainty surrounding their development and implementation in the current financial environment.

---

*Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.*
properties (22)
authorai-summaries
permlinkre-jbvqtlpp-20240403t163102z
categoryhive-167922
json_metadata"{"app": "beem/0.24.26"}"
created2024-04-03 16:31:00
last_update2024-04-03 16:31:00
depth1
children0
last_payout2024-04-10 16:31:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length3,089
author_reputation-2,904,230,093,269
root_title"What Is The Deal With CBDCs And What Ways Can This Go"
beneficiaries[]
max_accepted_payout0.000 HBD
percent_hbd10,000
post_id132,570,470
net_rshares0
@edicted · 
###### You're getting very close to hitting the nail on the head here. 
It's very important to understand that the definition of a CBDC doesn't have anything to do with the code being implemented, but rather who is in charge.  If we take the code of a CBDC and clone it, suddenly it becomes not a CBDC.  This is a critical factor that most people are not fully grasping.  If a CBDC is defined by centralized control... suddenly we can begin to define every single DEFI project on EVM in a similar manner. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@edicted/re-taskmaster4450-6t7lwr)
properties (22)
authoredicted
permlinkre-taskmaster4450-6t7lwr
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@edicted/re-taskmaster4450-6t7lwr"}
created2022-06-07 23:45:12
last_update2022-06-07 23:45:12
depth1
children0
last_payout2022-06-14 23:45:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length605
author_reputation3,497,851,531,456,337
root_title"What Is The Deal With CBDCs And What Ways Can This Go"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id113,870,406
net_rshares0
@ferod23 · 
friend excuse my ignorance but the CBDC is the acronym of which institution to better understand its publication.
properties (22)
authorferod23
permlinkre-taskmaster4450-202267t21353476z
categoryhive-167922
json_metadata{"tags":["hive-167922","leofinance","cbdcs","cryptocurrency","archon","mancave","neoxian"],"app":"ecency/3.0.30-mobile","format":"markdown+html"}
created2022-06-08 01:16:15
last_update2022-06-08 01:16:15
depth1
children2
last_payout2022-06-15 01:16:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length113
author_reputation10,626,691,332,421
root_title"What Is The Deal With CBDCs And What Ways Can This Go"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id113,871,996
net_rshares0
@drlobes ·
$0.02
CBDC is not an institution, Central Bank Digital Currency (CBDC) - virtual money created by a central bank
👍  
properties (23)
authordrlobes
permlinkre-ferod23-rd5gar
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2022.05.9"}
created2022-06-08 08:19:06
last_update2022-06-08 08:19:06
depth2
children1
last_payout2022-06-15 08:19:06
cashout_time1969-12-31 23:59:59
total_payout_value0.010 HBD
curator_payout_value0.011 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length108
author_reputation193,799,913,433,224
root_title"What Is The Deal With CBDCs And What Ways Can This Go"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id113,878,768
net_rshares48,326,078,410
author_curate_reward""
vote details (1)
@ferod23 · 
Thanks friend
properties (22)
authorferod23
permlinkre-drlobes-202268t82353612z
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"ecency/3.0.30-mobile","format":"markdown+html"}
created2022-06-08 12:23:54
last_update2022-06-08 12:23:54
depth3
children0
last_payout2022-06-15 12:23:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length14
author_reputation10,626,691,332,421
root_title"What Is The Deal With CBDCs And What Ways Can This Go"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id113,883,166
net_rshares0
@indiaunited ·
Indiaunited Curation 1654644585587
This post has been manually curated by @steemflow from Indiaunited community. Join us on our [Discord Server](https://discord.gg/bGmS2tE). 

Do you know that you can earn a passive income by delegating to @indiaunited. We share 100 % of the curation rewards with the delegators. 

Here are some handy links for delegations: [100HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=indiaunited&vesting_shares=182682.6550016337%20VESTS), [250HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=indiaunited&vesting_shares=456706.63750408427%20VESTS), [500HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=indiaunited&vesting_shares=913413.2750081685%20VESTS), [1000HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=indiaunited&vesting_shares=1826826.550016337%20VESTS). 

Read our latest [announcement post](https://hive.blog/hive-186042/@indiaunited/indiaunited-2-0-active-again-with-a-lot-more-energy-this-time) to get more information. 

[![image.png](https://files.peakd.com/file/peakd-hive/bala41288/46eaz12N-image.png)](https://discord.gg/bGmS2tE) 

<sub>**Please contribute to the community by upvoting this comment and posts made by @indiaunited.**</sub>
properties (22)
authorindiaunited
permlinkindiaunited-1654644585587
categoryhive-167922
json_metadata{"app":"hiveblog/0.1","tags":["leofinance","cbdcs","cryptocurrency","archon","mancave","neoxian"]}
created2022-06-07 23:29:45
last_update2022-06-07 23:29:45
depth1
children0
last_payout2022-06-14 23:29:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,254
author_reputation98,827,221,813,543
root_title"What Is The Deal With CBDCs And What Ways Can This Go"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id113,870,090
net_rshares0
@pixresteemer · 
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 109 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-108-and-start-week-109) just started...you can now check the winners of the previous week!</center><center>!PIZZA</center><center><sub>8</sub></center>
properties (22)
authorpixresteemer
permlink20220607t234045899z
categoryhive-167922
json_metadata{"tags":["archon","pixresteemer"],"app":"pixresteemer"}
created2022-06-07 23:40:45
last_update2022-06-07 23:40:45
depth1
children0
last_payout2022-06-14 23:40:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length468
author_reputation121,316,672,820,716
root_title"What Is The Deal With CBDCs And What Ways Can This Go"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id113,870,302
net_rshares0
Help/Feedback