Many feel that CBDCs are about to roll out. The problem, as evidenced by the last few videos, is they are not even close to rolling out.
In this video I discuss how how time is against those who want to implement CBDCs. Technology does not favor those who trail in time. This is exactly what the CBDCs are facing. Cryptocurrency is operating in the wild.
▶️ 3Speak
I haven't considered things in that point of view, but it does make sense. The longer CBDCs take to come out, the less likely they are to succeed. If there are other alternatives that have already created a market dominance, it will be tough for them to gain widespread adoption.
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It has been a while since i watched a 3speak video. We used to have a bubbly vlogging community on Hive but that doesn't seem to be the case now.
About CBDC, I don't know about other places but here in Nigeria, it hasn't been much of a success despite having a very large crypto community here. The average young person knows or owes some form of crypto here but the apathy towards CBDC has been unprecedented. My guess is that it is an issue of trust and less about infrastructure.
Nigeria is a case example of how things fail even though people think it is a slam dunk. The fact that the Nigerians rejected it shows the challenge that lies before these central banks and governments.
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