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A comment on Let Crypto Burn. Parent comment

Re:Let Crypto Burn by jgilias on Sunday November 20, 2022 @02:12PM (#33684148)
The missing piece is having CBDCs that your bank accepts on something like Uniswap. Until that happens on/off-ramps are needed, and these can only be centralised by definition.

I’m not sure having ubiquitous CBDCs with all that may entail would be better than having a few trusted centralised exchanges for fiat on/off-ramp though.

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Re:Let Crypto Burn by SkyMarshal on Sunday November 20, 2022 @02:16PM (#33684189)
Yeah, it’s a pickle, no doubt about it. Both options are undesirable. Not sure what the best solution there is.
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Re:Let Crypto Burn by cinquemb on Sunday November 20, 2022 @03:53PM (#33685166)
People may not like it (because it will look similar to the inner workings of the eurodollar ["Eurodollar University" on soundcloud, "Monetary Mechanics" Substack] system that we all live in now, and will continue to interface with such off chain systems in more complex ways [esp as on chain liabilities become more and more valuable in more places compared to off chain liabilities]), but I think native on-chain credit origination, built on top of on chain derivatives protocols will be the solution.

Permissioned decentralized global monetary system will simply keep evolving into a more permissionless decentralized global monetary system.

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