CBDCs retain most of the value, even if they're not on a distributed blockchain:
* 24x7x365 commerce and trading - no more wire-cutoff deadlines.
* lower fees - no more middlemen taking 10s-100s of basis points.
* "programmatic money" - clean, open APIs for lending, hedges, derivatives, futures, pooling, etc.
* transparency and safety - reduce Lehman-type debacles: more "money" is visible to the Fed and it's less common for private companies to invisibly create (large) private debts.
* 24x7x365 commerce and trading - no more wire-cutoff deadlines.
* lower fees - no more middlemen taking 10s-100s of basis points.
* "programmatic money" - clean, open APIs for lending, hedges, derivatives, futures, pooling, etc.
* transparency and safety - reduce Lehman-type debacles: more "money" is visible to the Fed and it's less common for private companies to invisibly create (large) private debts.
...