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Charles Hoskinson, creator of Cardano (ADA), is not a fan of central bank digital currencies (CBDC) and even sees them as a threat.
recently interview Regarding Cheeky Crypto, Hoskinson claims that CBDC is “the single most dangerous innovation in monetary policy we’ve seen so far.”
CBDCthey are not cryptocurrencies. We will not support a system that gives someone an unlimited monopoly at any time in order to control it.
As an example of what you can do, let’s say you have a country. Just say country. Don’t give it a name. In that country he has a civil war going on between two ethnic groups. So with a CBDC, it’s quite possible that the majority party (the party that runs the government that oppresses other groups) can just say: this minority. I’m just going to turn it off. When they wake up, their wallets are empty. “
The creators of Cardano also say that a permanent record of CBDC transactions could destroy an individual’s privacy and expose them to censorship and repression if they purchase anything deemed unapproved by the government. increase.
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