Issue #0: The Thesis of This Substack
This is my second Substack newsletter… My media empire is expanding! My first,Karlstackhas 5,000 free subscribers, and growing fast. I could just start a new “section” on Karlstack, I suppose, rather than a whole new newsletter… The reason I don’t do that is that Karlstack subscribers would find it annoying to receive a weekly email about CBDC when they didn’t s…
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2 years ago · Christopher Brunet
The idea of the CBDC is pretty hilarious. You would think the government always does things worse than private enterprise, but the crypto industry has done so poorly that the government may just pull it off. Of course, there is also no reason to bother with this - the US dollar is already a digital currency distributed by the central bank, more or less - but it would be funny to see the banks flexing on the crypto industry by beating them at their own game. Even though, again, they pretty much already are.