← Back to context

Comment by panarky

4 months ago

Say what you want about CBDCs, but they would fix this specific failure mode of digital assets where an enemy nation-state can steal $1.5 billion worth of the token.

I’d also add the number of cases where people holding Bitcoin are being threatened/tortured into transferring it. One less appreciated benefit of a system with reversible transactions is that it makes it significantly harder to do something like that.