Are CBDCs good for the economy?

[davis196]

We are still at the early stages of CBDC implementation and there's not enough data for us to analyze and come up with conclusion about all pros and cons.
To me, CBDCs will be neutral towards the economic and financial growth and development. Their potential pros are fighting money laundering and tax evasion and removing the "middleman" of the monetary policies-private banks. I think that CBDCs will give more power to the central banks and take power out of the hands of the private banks. However, I might be wrong about this. There are more assumptions and guessing rather than actual facts, when we are discussing Central Bank Digital Currencies.

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I don't think so that 1 dollar is always 1 dollar but there are times that the dollar can decrease or increase by a tiny percent. Also the stablecoins that we are talking about here are only legit stable coins and not those scammed ones like ust and other algorithmic based stable coins. They aren't really stable because they can easily depeg.

One dollar bill is one dollar bill, there is no way a cashier will ask you for 102 bills to pay a 100$ product.
As for the "real" and "scam" tokens, how do you know others are legit?
Have you seen their cash, have you seen their bank account statements? Tether hasn't been able to come with proofs in years, why believe them?

If not comparing CBDC to bitcoin or other cryptocurrencies, CBDC is much better than current stablecoins. CBDCs are simply fiat in digital form and they are managed and backed by 100% government so it is still safe when compared to stablecoins issued and managed by individual companies. Once CBDC is widely released and adopted on exchanges then that is the end of stable coin.

CBDC is like the numbers in your bank account, it's one dollar for one dollar, stablecoins are like casino chips, they are worth 50$ but only id the casino wants to exchange them for you, with no guarantee it will do so, no guarantee it will still be there tomorrow and without anyone else accepting them.

CBDC is just the digital form with fiat, with no real advantages no real disadvantages over your card, for example, stablecoins are just the worst of the worse of cryptocurrencies, they can lose value overnight, they can be frozen, they can become unchangeable as exchange delist them and there is absolutely nobody you can complain to.

[RealMalatesta]

Since 2020, many countries of the world have moved from exploring the possibility of introducing national digital currencies to their practical development. Regulators predict that the use of CBDC will reduce the volume of cash settlements, make transactions more convenient, faster and cheaper, and also allow financial inclusion of the population, which still does not have bank accounts. Of course, CBDC will have a positive effect for states and for the population, as the state cashless payment system will become more convenient to use. But in practice, there are still very few states that can boast of ready-made CBDCs, so we cannot yet discuss their practical application.

The development stage is getting to an end, we are not going to see the nations continue to make calculations and developments for another 10 years, we are going to end up with something much better which is the fact that crypto could make them earn a good chunk of money and they do not want to be late so they are going to start publishing.

With the published ones we are going to see if it works or not, if it really works then it is going to be awesome, if it doesn't work then it may not be as good as people think it is. That's my guess and I do not think that it would be actually dangerous, it would probably be something we get to see and learn more about only after it starts.