Great article. Lots of food for thought and introduced something I was not aware of with respect to the possibility of CBDCs being time limited in spending power. That is a frightening thought and a step way too far in the realms of control. Which countries have suggested that type of approach? I'm guessing those with less of a democratic foundation? From what I understand, any CBDC would likely be tied to the value of physical notes and coins and would therefore be akin to stablecoins, especially if we are talking large modern democracies and international financial hubs such as the UK. The currency value would not fluctuate like crypto and would be centralised and regulated. It would be introduced to improve the current FIAT system with a view to replacing current card payment systems, rather than to provide a serious competitor to crypto as the two are quite different. Countries like the United Kingdom have said via the BOE (Bank of England) that they are exploring the possibility of digital currency in the form of CBDCs but are not rushing into anything and are certainly not in any hurry to go crypto either. I guess they are trying within the parameters of what they feel comfortable with (ie: centralised control and regulation) to provide society with something more progressive and useful than paper and metal. What else they may be doing, unspoken, behind the scenes, nobody really knows. I do wonder often how many of these crypto coins and tokens will eventually make it in the world as recognised international currencies. I feel they have their place as they are proving their worth across such a broad range of projects already. I do think that both the evolution of physical money to digital, and crypto currencies can co-exist in a future society, but we need to fight the good fight and continue to support Blockchain projects of value and hold and invest in crypto, just as you said Jaxson. We may complain about the whales but we absolutely need them. Governments follow the money and they will be forced to support crypto if the big money circulating in the economy is invested in crypto. By nature, true crypto is decentralised like the blockchains they relate to and therefore I don't believe it is possible for Central banks and governments to regulate them to anywhere near the same extent as they do central bank currencies. It is quite simply beyond their reach. Their power comes more from their ability to ban them and therefore force Blockchains to compromise as a result. But it comes down to who holds the balance of power in the end, and that is the real question. I'm putting my money where my mouth is, and Hodling just like you :-)
Cityam.com has an interesting article delving into this area.
https://www.cityam.com/despite-bitcoin-mania-the-bank-of-england-is-in-no-rush-to-go-crypto/
Glad you liked it, so far china has gone full steem with the CBDC expiry issue, they have rolled out their CBDC in a number of proviences after the trial period, I believe the EU was watching this curiously, to see how well the expiry method is taken and other nations I believe have been discussing the possiblity. Yes the CBDC will be a stable coin of sorts but it will also depreciate much like fiat, however it may become useful at times when crypto is down in value as you wait to buy the dip much like stable coins are used today with buy orders. I hope now that the UK has seperated from the EU block post brexit they might open up more to cryptocurrencies and create an acceptable CBDC, if not I do not see much interest in a digital fiat that can track your location, purchases and sales, especially not one with an expiry, I would rather have physical gold or silver at that rate, I will check out that article, Thanks for sharing