Comments by "k98killer" (@k98killer) on "Western Government's Reveal Plans to Eliminate CASH..." video.

  1. In the US, the banks won't allow a CBDC unless they can somehow manage to change their business models to be profitable without being able to issue currency. The introduction of FedNow obviates a CBDC because all of the theoretical upsides they could sell to the public are already present in FedNow without any change in balance sheets or system structure. The potential issue with FedNow is that the data exchange format could include a lot of telemetry (i.e. surveillance), but this will require everyone to opt-in to supplying those fields, and doing so is costly in terms of computation, bandwidth, and storage -- they'll probably eventually start mandatong such things through AML regulations, but we are likely years away from that. The ISO standard was already being slowly adopted globally by the banking industry, and Brazil has run a system like FedNow successfully for decades already, so my guess is that the FedNow model will likely become the standard in the West.
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