ITT: BIS's deluded and dystopian report for their upcoming CBDCs

So there is a new report from the "The Bank for International Settlements", which describes how their shitty CBDCs will work and its a total shitshow, basically the banks and or government issuing the CBDC will be able to have total control of your assets with permissioned blockchains.

Meaning whoever is in charge of the blockchain (government, banks) regardless of which political party (maybe sometime in the future by some dumb extremist party in whatever direction) can just delete your assets if you out yourself critical of the current government in power and not having proof on a piece of paper that you own a certain thing, well its theirs now.

There was even a question asked regarding that subject in the briefing and the answer got tap-danced around. WTF???

​

They even tried to address why decentralized blockchains wont be the proper fit as a new monetary system and some of their arguments are:

​

- DEFI Platforms cannot be take responsibility and cannot be regulated. (yeah thats the whole point of DEFI you dumb fucks)

- Scalability: Decentralized blockchains cannot scale properly, but hey look here our centralized SQL servers can scale over 9000.

- Volatility (who would've thought): BTC was at 60k and now its at 20k. Oh and Terra Luna, which we all have foreseen it would be used against us sometime soon.

​

​

If this hasn't given you diarrhea yet please proceed looking at one of the charts from the report which gives a non-biased overview how good CBDCs are, compared to the crypto universe:

​

https://preview.redd.it/zpbj3zh9qd991.png?650&format=png&auto=webp&s=358fe13857f62636e0ed7e0d6952bd4e2e01f738

Feel free to waste your time and get some unknown rare disease by reading the whole report here:

https://www.bis.org/publ/arpdf/ar2022e3.pdf

Also a Youtube video done very thoroughly by Coin Bureau here:

https://www.youtube.com/watch?v=To5ek8F7zIQ