In my humble opinion, it's best to have both state-regulated money and non-state-regulated money compete. The market for money itself should be a capitalist free-market competition, survival of the fittest. This is the first time in history where that scenario may come to fruition in a big way.
People have always been stuck with one or the other. Now, state-backed monies are forced to compete and maybe it will finally breed some innovation (of note, CBDCs).
If non-state currencies fail, so be it. If state currencies fail, so be it. But the competition is important imo.
People have always been stuck with one or the other. Now, state-backed monies are forced to compete and maybe it will finally breed some innovation (of note, CBDCs).
If non-state currencies fail, so be it. If state currencies fail, so be it. But the competition is important imo.