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	Comments on: Meet the most likely base layer for global CBDC&#8217;s: Ethereum	</title>
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	<description>Blowing up the Clown World.</description>
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		<title>
		By: Fibonacci618		</title>
		<link>https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-117265</link>

		<dc:creator><![CDATA[Fibonacci618]]></dc:creator>
		<pubDate>Sat, 17 Sep 2022 07:51:08 +0000</pubDate>
		<guid isPermaLink="false">https://bombthrower.com/?p=5631#comment-117265</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116406&quot;&gt;sumnone&lt;/a&gt;.

Seems likely they will (or) are going the NGO route and co-opting a dev team to accomplish this, most of points are salient why the heck would they use a currently open ledger system for a CBDC. Central banks hardly publish their transaction receipts aside from basic macro data, they definitely wouldn&#039;t want a ledger system that fully reports on where funding is going especially when it comes to national defense spending. Could you imagine seeing a wallet for DHS transactions in the post 9/11 US, don&#039;t think so. This means they have a higher complexity than they anticipated, just building a blockchain payment system with high TPS isn&#039;t going to cut it, if they create an open ledger system it will be firewalled (two tiered) with a general public open chain and an intergovernmental private backend. That entails combining something like a monero with XRP, which isn&#039;t a simple project unless they just had two separate system that are bridged. It&#039;s possible they would build on top of another chain or integrate as a base layer since they&#039;re far behind the curve on building a complete ecosystem all at once like current layer 0/1 projects, but more likely they only want a programmable payment system with limited layer 2 systems and dapps for better security. All the fancy defi protocols and independent dapps on ETH would just be a nuisance to host along side a CBDC payment system. They&#039;re more likely to prioritize security and speed over functionality, ETH is a highly functional (and dysfunctional) mix of all sorts of projects mashed together.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116406">sumnone</a>.</p>
<p>Seems likely they will (or) are going the NGO route and co-opting a dev team to accomplish this, most of points are salient why the heck would they use a currently open ledger system for a CBDC. Central banks hardly publish their transaction receipts aside from basic macro data, they definitely wouldn&#8217;t want a ledger system that fully reports on where funding is going especially when it comes to national defense spending. Could you imagine seeing a wallet for DHS transactions in the post 9/11 US, don&#8217;t think so. This means they have a higher complexity than they anticipated, just building a blockchain payment system with high TPS isn&#8217;t going to cut it, if they create an open ledger system it will be firewalled (two tiered) with a general public open chain and an intergovernmental private backend. That entails combining something like a monero with XRP, which isn&#8217;t a simple project unless they just had two separate system that are bridged. It&#8217;s possible they would build on top of another chain or integrate as a base layer since they&#8217;re far behind the curve on building a complete ecosystem all at once like current layer 0/1 projects, but more likely they only want a programmable payment system with limited layer 2 systems and dapps for better security. All the fancy defi protocols and independent dapps on ETH would just be a nuisance to host along side a CBDC payment system. They&#8217;re more likely to prioritize security and speed over functionality, ETH is a highly functional (and dysfunctional) mix of all sorts of projects mashed together.</p>
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		<item>
		<title>
		By: Scott		</title>
		<link>https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116875</link>

		<dc:creator><![CDATA[Scott]]></dc:creator>
		<pubDate>Mon, 12 Sep 2022 18:43:25 +0000</pubDate>
		<guid isPermaLink="false">https://bombthrower.com/?p=5631#comment-116875</guid>

					<description><![CDATA[Thoughts on El Salvador as a crypto-centric economy?  Successful model or no?]]></description>
			<content:encoded><![CDATA[<p>Thoughts on El Salvador as a crypto-centric economy?  Successful model or no?</p>
]]></content:encoded>
		
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		<title>
		By: Mark E. Jeftovic		</title>
		<link>https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116542</link>

		<dc:creator><![CDATA[Mark E. Jeftovic]]></dc:creator>
		<pubDate>Fri, 09 Sep 2022 10:55:21 +0000</pubDate>
		<guid isPermaLink="false">https://bombthrower.com/?p=5631#comment-116542</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116541&quot;&gt;Matt&lt;/a&gt;.

Dude, I woke up an hour ago. Ffs.

Keep bitching about it and I&#039;ll make effort to go back and hose them all.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116541">Matt</a>.</p>
<p>Dude, I woke up an hour ago. Ffs.</p>
<p>Keep bitching about it and I&#8217;ll make effort to go back and hose them all.</p>
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		<title>
		By: Matt		</title>
		<link>https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116541</link>

		<dc:creator><![CDATA[Matt]]></dc:creator>
		<pubDate>Fri, 09 Sep 2022 10:53:43 +0000</pubDate>
		<guid isPermaLink="false">https://bombthrower.com/?p=5631#comment-116541</guid>

					<description><![CDATA[Interesting to see this publication is not willing to host comments that don&#039;t fit it&#039;s specific narrative.  Gotta love 1984 redux.]]></description>
			<content:encoded><![CDATA[<p>Interesting to see this publication is not willing to host comments that don&#8217;t fit it&#8217;s specific narrative.  Gotta love 1984 redux.</p>
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			</item>
		<item>
		<title>
		By: Mark E. Jeftovic		</title>
		<link>https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116540</link>

		<dc:creator><![CDATA[Mark E. Jeftovic]]></dc:creator>
		<pubDate>Fri, 09 Sep 2022 10:52:48 +0000</pubDate>
		<guid isPermaLink="false">https://bombthrower.com/?p=5631#comment-116540</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116539&quot;&gt;Matt&lt;/a&gt;.

&lt;a href=&quot;https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116451&quot;&gt;Your original comment&lt;/a&gt; was approved. I didn&#039;t see your second one until now.

I approve comments when I get to them. It&#039;s not like I have a team of interns on staff sitting around waiting to moderate this stuff.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116539">Matt</a>.</p>
<p><a href="https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116451">Your original comment</a> was approved. I didn&#8217;t see your second one until now.</p>
<p>I approve comments when I get to them. It&#8217;s not like I have a team of interns on staff sitting around waiting to moderate this stuff.</p>
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		<title>
		By: Matt		</title>
		<link>https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116539</link>

		<dc:creator><![CDATA[Matt]]></dc:creator>
		<pubDate>Fri, 09 Sep 2022 10:31:32 +0000</pubDate>
		<guid isPermaLink="false">https://bombthrower.com/?p=5631#comment-116539</guid>

					<description><![CDATA[I posted a comment recently about BSV that was pending moderation and did not make the cut, request reason.]]></description>
			<content:encoded><![CDATA[<p>I posted a comment recently about BSV that was pending moderation and did not make the cut, request reason.</p>
]]></content:encoded>
		
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		<title>
		By: Matt		</title>
		<link>https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116529</link>

		<dc:creator><![CDATA[Matt]]></dc:creator>
		<pubDate>Fri, 09 Sep 2022 08:25:00 +0000</pubDate>
		<guid isPermaLink="false">https://bombthrower.com/?p=5631#comment-116529</guid>

					<description><![CDATA[I agree the CBDCs are not an avenue to increased privacy, quite the opposite.  And I&#039;m not a proponent, however the messaging lately from different countries indicates the CBDCs and digitization of the cash flows is on the way whether we like it or not.  I mention BSV because it functions well and the company working on it&#039;s development, NChain, holds several blockchain patents that will serve to protect their IP.  There has been an aggressive campaign by BTC maximalists to shun BSV because it threatens traditional payment options and is truly peer to peer.  Knowledge is power.]]></description>
			<content:encoded><![CDATA[<p>I agree the CBDCs are not an avenue to increased privacy, quite the opposite.  And I&#8217;m not a proponent, however the messaging lately from different countries indicates the CBDCs and digitization of the cash flows is on the way whether we like it or not.  I mention BSV because it functions well and the company working on it&#8217;s development, NChain, holds several blockchain patents that will serve to protect their IP.  There has been an aggressive campaign by BTC maximalists to shun BSV because it threatens traditional payment options and is truly peer to peer.  Knowledge is power.</p>
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		<item>
		<title>
		By: Mark E. Jeftovic		</title>
		<link>https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116510</link>

		<dc:creator><![CDATA[Mark E. Jeftovic]]></dc:creator>
		<pubDate>Fri, 09 Sep 2022 03:59:08 +0000</pubDate>
		<guid isPermaLink="false">https://bombthrower.com/?p=5631#comment-116510</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116509&quot;&gt;Bloxster&lt;/a&gt;.

Get a load of the guy who thinks CBDCs are going to be about &lt;em&gt;privacy&lt;/em&gt;... lol]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116509">Bloxster</a>.</p>
<p>Get a load of the guy who thinks CBDCs are going to be about <em>privacy</em>&#8230; lol</p>
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		<title>
		By: Bloxster		</title>
		<link>https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116509</link>

		<dc:creator><![CDATA[Bloxster]]></dc:creator>
		<pubDate>Fri, 09 Sep 2022 03:56:50 +0000</pubDate>
		<guid isPermaLink="false">https://bombthrower.com/?p=5631#comment-116509</guid>

					<description><![CDATA[You guys all forget about privacy. Nobody wants a transparent layer for CBDC, nor EU, FED or neither users.
Ethereum is powerful but it lacks privacy features. Bitcoin is a meme coin with no development and no future.]]></description>
			<content:encoded><![CDATA[<p>You guys all forget about privacy. Nobody wants a transparent layer for CBDC, nor EU, FED or neither users.<br />
Ethereum is powerful but it lacks privacy features. Bitcoin is a meme coin with no development and no future.</p>
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		<title>
		By: Matt		</title>
		<link>https://bombthrower.com/meet-the-most-likely-base-layer-for-global-cbdcs-ethereum/#comment-116451</link>

		<dc:creator><![CDATA[Matt]]></dc:creator>
		<pubDate>Thu, 08 Sep 2022 10:49:58 +0000</pubDate>
		<guid isPermaLink="false">https://bombthrower.com/?p=5631#comment-116451</guid>

					<description><![CDATA[Bitcoin SV will most likely be the base layer for CBDCs.  It has proven scalable and has very low cost transaction fees.]]></description>
			<content:encoded><![CDATA[<p>Bitcoin SV will most likely be the base layer for CBDCs.  It has proven scalable and has very low cost transaction fees.</p>
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