[yownie]

Of everyone I talk to within the finance community no-one (and I mean NO ONE) actually has interest in CBDC's besides the banks themselves.

I frankly just don't understand why anyone should care. If they want to roll out a federated IBAN/SWIFT/SEPA just do so and leave us out of it. It never touches any of the qualities that make a cryptocurrency or even a digital currency interesting or adoptable by the masses.

So I'm entirely sure why we're getting hit by a slew of narrative op-eds extolling the virtues of this to the public. It's not like the masses really care how the backend system will be setup. If it's better just do it, but don't think for one second I'm believing it will benefit the small folk.

[dalbasal]

I agree that no one in the public cares about CBDC.

That said, it doesn't mean that it's not interesting or impactful. It may be just federated IBAN/SWIFT/SEPA in theory. In practice, such systems matter.

The guts of the financial system are an evolved mess, with all sorts of shadowy institutions, clearing houses and mess in the middle. These end up having impact.

[yownie]

I'd welcome it if it actually provided a benefit to end users but I'm highly doubtful the institutions involved can move at anything but the glacial pace they always seen to.

More concerning for me is the continual "push" by news narratives telling us how CBDC's will bring about a utopia.

[dalbasal]

i'm with you on the pessimism. I haven't quite experienced a continual "push" by news narratives.

I think this is likely just excitement by nerds within the establishment, just like there is outside of it, at all the crypto stuff going on.