This analysis sharply captures the existential anxiety of central banks as they grapple with a decentralized future beyond their reach. It effectively illustrates how code is challenging the traditional state monopoly on monetary sovereignty.
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Government's fear of losing financial controlAdded:
I think it's the governments as well, because the governments are controlling central banks very often. Um the governments rely on that control of money coming in and out of countries. Um and then we've got to look at how that let then links into things like taxing people and and all of those kind of How would the government have any information about the money flowing in and out of their countries if everything was on independent cold storage wallets? Yeah, it would be a big problem for them. And you know, it's not just about that. Did you know when they try and stimulate the economy and stuff like when they turn on the money printers?
>> Yeah. Well, what happens when the government's not in charge of the money printers because there's different people privately owned blockchains creating stablecoins?
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