Comments by "Me, Myself and I" (@me-myself-i787) on "FedNow, and the Conspiracy Theories Around It, Explained" video.

  1. The US dollar is basically already a CBDC. Far more money is stored digitally in the Federal Reserve than exists as physical notes. The only difference is banks acting as middlemen between the Federal Reserve and customers. Probably because the Federal Reserve wouldn't be able to keep track of so many individual accounts, making it more convenient to just service a few large accounts and have the banks store who owns what out of the money in their account.
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  2. Like Bitcoin but more accessible and without the stigma.
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  3. And also, while the government can't block Bitcoin transactions, each coin comes with a unique ID, along with the complete history of who has owned that coin. The government can encourage businesses to refuse to accept money that was previously owned by certain companies. This is one reason Monero is better. Transactions are anonymous, and money is fungible.
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