Centralization will never permit us to fully have the security of having monetary sovereignty (as Trace Mayer calls it). This is why Bitcoin will reign superior as blockchain technology continues to develop and expand globally. However, the thought of Central Banks considering private blockchains is promising as there are many projects focused on interoperability which would permit different blockchain to talk to each for transactional processing. This could lead to a good middle ground of the traditional financial system and the future decentralized one.
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