That's quite a sad scenario but one that's definitely possible. I really hope we will never see CBDCs as a reality.
As stated in many posts of mine, I consider cryptocurrency becoming a currency and being used as such as much more important for us than it could be as an ever expanding asset.
There's still time to create ourselves a system that would take most of that malicious power away from the governments.
If those entities will end up with that much power in their hands, life in the current society will be a living hell.
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I would say that is false hope. It is going to be a reality, bet the ranch on that.
The key is for us to keep innovating and providing an alternative to what is being develop by the governments. This is how we can counterbalance what they are doing.
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