Student indoctrination: CBDC - get hyped!

[Byrd]

Not to diminish your salient point.  But as of this moment... no money is backed up by anything.

There is a paper show... but the bank conspired to virtualize ALL its' currencies.

CBDC simply "mimics" reality.  Virtual currency, meet virtual currency.

I didn't want to get into it but actually all money is not really backed up by anything.  We think gold is valuable simply because we're told it's valuable... but many societies didn't value it that highly (in Egypt, for example, silver was often seen as more valuable than gold because silver was the bones of the gods - https://www.metmuseum.org/toah/hd/silv/h...en%20flesh).)

So... money has value because the global society decides it has value.  National gold bank notes WERE currency but are now just pretty pieces of paper https://en.wikipedia.org/wiki/National_Gold_Bank_Note

In parts of Papua New Guinea, shells are still used as currency: https://en.wikipedia.org/wiki/Shell_money

(and here we go down the rabbit hole!!)