BDL announced a couple of days ago plans to launch a cryptolira. As per news this aims at decreasing demand on banknotes and facilitate payment Txs for small amounts.
Well, i cant see the silver lining here for the below reasons:
Well, i cant see the silver lining here for the below reasons:
1- infrastructure:
Building the blockchain protocol, testing the network and bringing skilled human capital needs alone a fairly big mobility from BDL and the banking sector.
Building the blockchain protocol, testing the network and bringing skilled human capital needs alone a fairly big mobility from BDL and the banking sector.
2- PoS:
We live in a country where people still hesitate from using CC and BC online, how will BDL push people to manage their own digital wallet and how will grocery stores, taxis (small payment )etc can be educated on managing these wallets ?
We live in a country where people still hesitate from using CC and BC online, how will BDL push people to manage their own digital wallet and how will grocery stores, taxis (small payment )etc can be educated on managing these wallets ?
3-Bank deposits:
Will deposits be moved to CB directly cutting off commercial banks? Or the latter will be granted the virtue of selling cryptolira for exchange fees? Is it a new revenue stream for banks?
Will deposits be moved to CB directly cutting off commercial banks? Or the latter will be granted the virtue of selling cryptolira for exchange fees? Is it a new revenue stream for banks?
4-CBDC & inflation:
CBDC could be used to hide the expected hyperinflation by stabilising it and locking bank deposits even more with lollar/crypto fluctuating insanely behind the scenes. Is it a new way to kill time & keep angry people quite?
CBDC could be used to hide the expected hyperinflation by stabilising it and locking bank deposits even more with lollar/crypto fluctuating insanely behind the scenes. Is it a new way to kill time & keep angry people quite?
5-Money supply:
How will BDL control the money supply? Max supply is key in any tokenomics to study currency velocity & price levels. Will this be the way to create cheaper liquidity?
How will BDL control the money supply? Max supply is key in any tokenomics to study currency velocity & price levels. Will this be the way to create cheaper liquidity?
6-Cryptolira/ Gov debt:
Will this cryptolira be issued against gov debt ? Or will it be merely an exchange medium from lollar to cryptolira? Which basicly means nothing in terms of programmable economy.
Will this cryptolira be issued against gov debt ? Or will it be merely an exchange medium from lollar to cryptolira? Which basicly means nothing in terms of programmable economy.
7- I cant say i know what BDL is doing. And taking only oubkic info incan assure you no one can claim it either. What i know is: while blockchain is purely GOOD ( sorry Nietzsche) , cryptocurrency isnt always .
