Trust is a vital component to money and finance. When we look at things with cryptocurrency we can see how this applies. However, the industry is so small it is off the radar to most.
In this video I discuss how central banks cannot afford to approach this too quickly and have things go wrong. We saw different projects either get hacked or not rollout as expected. A central bank simply cannot risk this.
▶️ 3Speak
I think they want the #plebs to use their Central Bank wallet for their coin-based transactions below a certain amount and thereby erase those small 2.49€ small Mcdonald's Coffee transactions from the banking system as a first step.
The US will not take part, the Sheep will vote it in and the banking system outside of the US will become even more of a joke.
It’s definitely an important element. If they lose the trust then it will completely fail (not like it’s going to be successful at this point) and then it will splinter off into dozens of things they have no control over.
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It's similar to how things are for games as well. If a game comes out terribly at launch, then it will always smear the reputation of the game and the publisher. Even if you're like No Man Sky and improve the game by leaps and bounds, there will always be people who never look back at that game anymore.
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