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Private Crypto Versus Public Digital – Communications of the ACM

https://cacm.acm.org/opinion/private-crypto-versus-public-digital

“Governments have been creating public “fiat money”—financial instruments such as paper notes used to buy goods and services or repay debts, with no backing from physical assets such as gold or silver—for more than 1,000 years. Banks have been creating private money even longer, whenever they...” (from the page’s text)

In short: Explore the battle between private crypto and public digital currencies, learn about CBDCs, their benefits, and potential risks, and understand why governmen... (AI summary)

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