"That battle has been won," Carstens said in a Bloomberg TV interview on Wednesday. "A technology doesn't make for trusted money."
One great comment: "And Fiat loses the battle against Debt...As Nations run up their Debt..Fiat.Debt"
And that is the real reason for this propaganda - the total global monetary debt is unpayable, hence is time to swap chips. The real assets have been bought: land and rights to resources.
"One of the main issues related to lack of sufficient inclusion is that precisely transaction costs are very high. Therefore, to manage small payments or to give access to small firms or services to people in remote areas is still a major problem," Carstens said.
That's total crap. There are now many micro-payment systems on mobile phones - the "unbanked" is a shibboleth.
Carstens also discussed the vision of a mandatory system, a unified programmable ledger, which aims to lay the ground infrastructure for a modern financial system. He said that the idea is to incorporate new technologies and facilitate the development of a future financial system that reduces transaction and compliance costs as well as onboard more people easily.
Is anybody surprised? A few things I've been saying for years: you don't need to "shut down" a blockchain to make the crypto worthless, you just close all the on/off ramps; crypto is an experiment designed to herald "programmable money", the new surveillance financial system. Oh yeah, note the word "mandatory" too.
It was always a war.
I think the experiment was necessary to battle-harden the tech, but you don't want to sell missiles that are fired back at you.