Looking at how various countries' central banks are implementing digital currencies, it becomes clear why issuing a national digital currency sounds easy in theory but is difficult in practice. Venezuela had already begun experimenting with digital assets, but ultimately the results were minimal, with significant gaps in both technological implementation and policy execution — even less reliable than a solution from a professional team. In contrast, El Salvador's Bitcoin strategy, although controversial, is at least clear in its approach and steadfast in execution, giving the entire country's financial exploration a clear direction.
The deeper issue reflected here is that national CBDCs need to overcome multiple obstacles in technology, law, and economics, and any weak link can cause the entire effort to fail. Some countries want to solve financial difficulties through digital currencies, but if infrastructure, talent reserves, and policy support are not in place, they will ultimately only serve as symbolic gestures. The true success stories tell us that issuing a currency is not the goal; building a sustainable financial ecosystem is the key.
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AirdropHustler
· 01-05 10:18
委内瑞拉那出戏真绝,花这么多力气还不如人家萨尔瓦多果断🤦
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NftBankruptcyClub
· 01-05 00:52
Venezuela's manipulation is really laughable; it's not even as reliable as a small team. This is just ridiculous.
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RugpullSurvivor
· 01-05 00:51
That whole thing in Venezuela was really awkward; we put in so much effort, and it turned out to be less reliable than a project team, haha.
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FortuneTeller42
· 01-05 00:37
Venezuela's recent efforts really fell flat; putting in so much effort, but it's not as reliable as grassroots teams... El Salvador, on the other hand, bet on the right direction.
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rugdoc.eth
· 01-05 00:31
Venezuela's approach is really a mess; the oil-backed currency is still gathering dust... On the other hand, El Salvador is actually serious about it, at least they're not just talking nonsense.
When will the motherland follow suit? Feeling a bit anxious now.
Issuing tokens is easy, but a truly functional financial ecosystem? Now that's the real work.
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StakeOrRegret
· 01-05 00:28
That Venezuelan system is really weak. To be honest, without execution, everything is pointless.
Looking at how various countries' central banks are implementing digital currencies, it becomes clear why issuing a national digital currency sounds easy in theory but is difficult in practice. Venezuela had already begun experimenting with digital assets, but ultimately the results were minimal, with significant gaps in both technological implementation and policy execution — even less reliable than a solution from a professional team. In contrast, El Salvador's Bitcoin strategy, although controversial, is at least clear in its approach and steadfast in execution, giving the entire country's financial exploration a clear direction.
The deeper issue reflected here is that national CBDCs need to overcome multiple obstacles in technology, law, and economics, and any weak link can cause the entire effort to fail. Some countries want to solve financial difficulties through digital currencies, but if infrastructure, talent reserves, and policy support are not in place, they will ultimately only serve as symbolic gestures. The true success stories tell us that issuing a currency is not the goal; building a sustainable financial ecosystem is the key.