With CBDCs, Central Banks Are Making the Same Mistake Kodak Made
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Show Notes
This story was originally published on HackerNoon at: https://hackernoon.com/with-cbdcs-central-banks-are-making-the-same-mistake-kodak-made.
Central banks are repeating Kodak’s biggest mistake. Why CBDCs may fail—and why Bitcoin represents a deeper monetary paradigm shift.
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Central banks’ embrace of CBDCs mirrors Kodak’s failed attempt to control digital photography: a technically impressive response that preserves obsolete power structures while ignoring a true paradigm shift. Bitcoin doesn’t just digitize money—it removes the need for centralized control entirely, and history suggests incumbents who laugh at that change rarely survive it.