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<p>[QUOTE=&quot;Tejas, post: 7835623, member: 84905&quot;]Payments in cryptoassets (Bitcoin etc.) on DLT are not traceable to a person. In any case, if and when cryptoassets become a challange to state money, the state will outlaw them, under the pretext that they are used to fund criminal activity. China has done that already. </p><p><br /></p><p>States may allow some private &quot;stablecoins&quot; to operate, which are based on state money. More importantly, central banks will issue central bank digital currency (CBDC) to citizens in some countries and to banks in most countries. CBDC will increasingly replace physical cash, as it is convenient and safer than commercial bank deposits.</p><p>&nbsp;</p><p>Their downside: they don&#039;t allow for anonymous payments and the state can (and will) charge any amount of negative interest on them. CBDC removes the zero-lower bound that physical bank notes provide. Dostoyevskiy&#039;s famous words that &quot;Money (he meant gold coins) is minted freedom&quot;, will no longer be true.[/QUOTE]</p><p><br /></p>

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