Grayscale – Central Bank Digital Currencies Are Not a Replacement for Bitcoin
Nothing is a replacement for Bitcoin, least of all anything which contains the words “Central Bank”
Central Bank Digital Currencies Are Not a Replacement for Bitcoin: Grayscale
“In a recent report, Grayscale suggests that CBDCs are an upgrade to the traditional digital payment infrastructure, while Bitcoin is an upgraded version of money itself. The document reads:
‘CBDCs are sometimes viewed as synonymous to, or as replacements for, digital currencies like Bitcoin, but they represent a meaningful departure from the decentralized protocols inherent to many cryptocurrencies. CBDCs attempt to upgrade payment infrastructure while Bitcoin is an attempt to upgrade money. If CBDCs gain traction, they may actually bolster the value proposition for Bitcoin and other digital currencies.’”
