Koray Caliskan, author of "Data Money: Inside Cryptocurrencies, Their Communities, Markets, and Blockchains," argues that nothing could be more wrong than avoiding a central bank digital currency, emphasizing that “the public needs to have" CBDCs to follow the movement and discuss the nature of uses of a multi-money universe in our new economies.
It's only less than two decades since this thing started and we're still learning and prototyping. Our politicians do not understand what's going on. I was watching um your program 23 days ago. Um One of the senators said, I wish our central bank would never have a Cryptocurrency. A central bank digital currency. Nothing could be wrong than that. Because if you do not have this, you cannot follow the movement of new monies, data monies as fast as they move, the public needs to have also a central bank digital currency. The nature of it is going to depend on our democratic procedure of discussing the meaning and the uses of a multi money universe in our new economies.