Are national digital currencies good or bad for crypto?

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Are national digital currencies good or bad for crypto?

Lately, a lot of countries have been working on their own versions of digital money. The idea is that transactions will be faster, easier to track, and more modern than cash or traditional banking. It sounds convenient, but it also raises some big questions about how this might affect crypto projects that were built on the idea of decentralization and personal control.

If people end up using official digital money by default, will that make decentralized crypto more appealing as a private and independent option, or will most people just choose whatever is easiest to use? It’s possible these two systems could exist side by side for a while, but it also feels like they might end up competing directly.

Some think national digital money will help more people understand how crypto works, while others believe it could be used to limit freedom and privacy. What’s your view? Could both systems really coexist, or is one bound to take over?

submitted by /u/somehomelessman
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