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Because bureaucratic governments handle innovation so well.
Initiative, savvy, luck, circumstance, and convolution have taken over currencies – at least digital creations purporting to be currencies. Not to be outdone, here come central bank digital coins
Digital coins represent clever people taking on central government’s mighty bureaucrats. Armed with simplicity, clarity, and algorithms, they are defeating all administrations’ fondness for complexity, confusion, and rules.
Bureaucrats don’t typically make anything useful or even comprehensible. But here come government-issued digital currencies anyway.