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Kbelicius 5 days ago

> The ECB also had one of those CBDC built much earlier than people have been told. They already had something quite advanced around 2020, with a optimist launch date in 2022 I believe.

> It obviously failed miserably

They had a CBDC but hid it from everyone... but then somehow it failed miserably. If it wasn't released, how? They even had it before they decided to have it (2021). This seems just like a load of bullshit.

sunshine-o 5 days ago | parent [-]

When they saw Bitcoin and Ethereum they obviously understood a great disruption was coming and acted on it. SWIFT too.

A Central Bank do not share everything they consider/plan with the public. It is not really hidden or secret, but they also do not make a press release about it.

Also if they are fundamentally gonna transform our banking system they better start early because a lot of things can go wrong. I estimate the time to build such a system is about 10 years if everything goes well.

I do not know exactly what went wrong, my guess is the banks pushed back as much as they could because most of them would have been made irrelevant under that model. Now they are talking about Ethereum and Solana because they understood they have to fight against the Dollar in this arena.