Crypto was promised to be the bane of fiat currency, evil central banks and centralised control over financial transactions. The more I understand it, the more it seems technically feasible and very much possible but practically difficult due to opposing forces.
The globally coordinated push for CBDCs (central banking digital currency) by central banks, government regulations on decentralised currencies as well as the loss of trust of investors and public in crypto seems to have put power right back into the hands of the already too powerful.
Will we ever see a world where currency isn't controlled by the powerful central banks and governments? Is it possible for decentralised currency to make a comeback at all?
