With governments falling over themselves to be the first to launch a Central Bank Digital Currencies (CBDC). This has given rise to many in the crypto space fearing for the future of cryptocurrencies.
Not so Ethereum co-founder, Vitalik Buterin. In a recent interview, he said digitialization of everything was inevitable, and that privacy coins would be more favourable than government deployed shitcoins.
Digitalization is Inevitable and Privacy is King
Vitalik claims that decentralization and digitalization is inevitable and key to any currency being a success in the future. He said people would gravitate towards decentralized cryptocurrencies. This is rather than sovereign and corporate controlled shitcoins, as people were fed up with centralized power.
‘The main challenge with central bank and even corporate currency is basically the concentration of power, the concentration of data collection,’ said Vitalik. Read More at Ethereum Nexus