The Stablecoin Monster: CBDCs Are A Red Herring Today

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This is an opinion editorial by Mark Goodwin, director of print editorial at Bitcoin Magazine.

I know it pains some of your laser eyes to even see the word Ethereum printed, and while I respect that to a degree, the lessons being learned by the extended alternative cryptocurrency space are too important to ignore. Water’s Warm Maximalism is perhaps one way to look at it, but regardless, ignoring others, even as they potentially fail to centralizing forces, can only leave us ill-equipped to face the similar battle ahead; only the truly naive should view this cooperation between the state and private financial entities as anything but a dire warning of what is about to come to Bitcoin.


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