I keep insisting that the battle we have from the cryptographic world is against radical centralization. This can even evolve into a single full domain under the economic reset scheme. We are seeing many alerts that indicate that this is being worked on.
The digital initiatives of central banks and institutions are more than a digital token, they are a clear form of issuance that is based on capital and not on the ponzi scheme of debt as we see it in the fiat world. The dominance that entities such as Central Banks could have is clearly a fact that is being built under a system of digital adoption.
We can see that this digital emission is in line with the new modern monetary theory (MMT), an emission without limits of the market and imitates the circus that we see under the spectacle of quantitative expansion.
The digital tokens of a centralized nature, presented by the CBDCs, are born from the need to supplant not the dollar, but from the entire chain of work framed by commercial and institutional banks, and to highlight already a more unique domain as only it can be given by these private domain structures.
China, Europe and many more begin the game towards a tokenized digital domain, which can be transformed into one, a single, single-use and totalitarian currency dominated by the International Monetary Fund, the World Bank and other entities of weight in world financing.
Each of these digital currencies would form a unique reserve basket that would only be backed by the trust that each of these powers would issue, leaving behind a scheme of dominance of the dollar to give way to a single form of global management and evolve towards a single format of monetary legality.
The future of money will be negotiable and the territorial currencies will remain submissive to the overwhelming digital scheme; the technological support will be important for the adoption and massification, the simple is the key part of this expansion.
For this reason, Bitcoin takes on an almost historical and unique importance. The fight of this decentralized system is titanic, it will have these powerful control tools in front that the central banks will have to expand this new economic reset.
The content of this writing is my own creation and there is no room for plagiarism in this article. You can read this article in my steemit blog under the following link.
https://steemit.com/hive-175254/@alquimista1501/steps-of-radical-centralization
