You are someone who brings up interesting topics, still minimum interaction happens in the comment section. basically zero information changes regarding the actual topic. strange on a soc media platform...
anyway, a key fact: these guys, especially citi are usually wrong. that's been proven many times.
I dont see big difference between cbdc and crypto (99% of crypto, until it is not private, it lost the meaning, the main point) and I don't see cbdc/crypto ever can replace money, physical money in given parts of life. It's all about control (and manipulation, as a ponzi scheme based cbdc economy case they can manipulate the only digitally existing 'money' (also the people) very easily in a 'crisis' case, so keep up the control, and they, the banking system/owners digged themselves into crypto very deep. debit cards for cryptos, they have money in pretty much all exchanges, big coins, especially the stable ones, they try to control, own the bridges between different blockchains etc.)
however, there are definitely areas, where it can be useful. for example, real estate market, yes, definitely. of course, it equals another industry will disappear. and it is not just some vision, it is already working, just have to grow.
probably, you heard about Metropoly, i think, its generally a good idea, and people can accept it, but it is one of the few exception from the million things what they want to force on us.
Obviously, they want to force the cbdcs on everybody by cut off all the other precious metals option (you probably read about the central banks gold rush, 1 of the reason pulling off the gold, so people wont use it instead of cbdc and disappearing fiat papers) and they offer the crypto as an 'alternative' - meantime most of the cryptos are pretty much the same. Illusion of choice. Anyway, they dont have faith, trust in their own system, they know the ponzi-scheme is over in this form, the question what for they can transform.
anyway, it is kinda hypocrath, and shows banks, govs, big corps, their owners true face, they were against crypto, btc a decade ago very much, fooled the people, the slaves, it is a scam, so they could not get in early, get out from ratrace by profiting from banks, govs move...
In my opinion Hive could easily replace the big soc medias, but it won't happen, even the 'Hive' community doesnt want it. they all use discord, instead of Hive, they come here for money, not for using Hive as soc media. and it starts from the very top within the Hive. really don't understand, but it's simply just a fact, not something for debate. (anyway, the stupidest thing i ever heard... a soc media platform users, use a 3rd party soc media to interact... :) :) :) and they complain why it doesnt grow (faster) nuts!!!:) :) :) )
It is true how people on Hive still cling to the web 2.0 platforms all while talking about web 3.0. They show the hypocrisy that is throughout the entire crypto world.
As for the precious metals I think your study of monetary history is amiss. The idea that metals are the main source of money throughout history is not accurate. There were many forms of medium of exchanges along with stores of value. They were metals, slaves, cattle, and even large stones.
We also saw times when coinage was actually fiat.
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sure, i have miss, however, i think that's better than nowadays, or any other previously tried one.
Banks are backing my opinion, as they are buying like hell nowadays, last 1-2 years. Must be several reasons behind that. I guess nobody wants to go back to the middle ages and use salt as a currency again. Nothing else left, only precious metals, if we look for some valuable, well-known physical asset, what can be used as a currency.
And once again, I think physical form of currency can't disappear. People won't accept. However, get rid of printers, and the printers' owners, I would pretty much agree.