What are the potential advantages and disadvantages of CBDCs according to Joe Rogan?

3 answers

• Nov 23, 2021 · 3 years ago
  CBDCs can offer advantages such as increased transaction efficiency and financial inclusion, but they also raise concerns about privacy and cybersecurity risks. It's important to carefully consider the implications of implementing CBDCs.
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• Nov 23, 2021 · 3 years ago
  CBDCs can potentially lower transaction costs, but the concentration of power in a central bank is a valid concern. It's important to strike a balance between efficiency and decentralization when considering the implementation of CBDCs.
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• Nov 23, 2021 · 3 years ago
  According to Joe Rogan, one potential advantage of CBDCs is the ability to provide financial services to the unbanked population. With digital currencies, individuals without access to traditional banking systems can still participate in the financial system and have a secure means of storing and transferring value. However, Joe Rogan also raises the concern of government control. With CBDCs, the central bank has the power to monitor and control transactions, potentially infringing on individual freedoms. In conclusion, CBDCs can offer financial inclusion but also raise concerns about government control. It's important to strike a balance between accessibility and individual privacy when implementing CBDCs.
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