๐ฎOpen-source coding: A silver bullet for CBDCs or just a shiny distraction?๐ค Despite growing concerns about CBDCs, some policymakers are turning to open-source coding for transparency. But don't be fooled, folks! It's no magical fix. ๐ซ
Take Brazil's central bank, for example. They published their CBDC's source code and within four days, people discovered surveillance tools embedded in it. Yikes! ๐ฑ And let's not forget, CBDCs are the epitome of centralized money under government control. So, what's your move when you find something fishy?๐ฃ
While open-source coding can help us understand how the system works, it's not enough to change it. Remember, what's open today may not be open tomorrow. So, is transparency the real solution or just a comforting illusion? ๐ญ
Let's hear your thoughts! Comment below and let's get this conversation started! ๐ฃ๏ธ๐