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This article of Daniel Lacalle reveals the ultimate goal behind CBDCs (and KYC regulations on #Bitcoin ) >> not just to follow abstract collectivist ideas, but mainly to gain more control on private lives in order to reduce the chances of escape. "If the ECB and the Fed really want a digital currency is because they know they will lose the confidence of citizens earlier than we think and they need to impose their market share, not gain it." FUNGIBILITY in #Bitcoin is essential to prevent that State market share from being imposed on us by force. https://mises.org/mises-wire/central-bank-digital-currencies-would-bring-hyperinflation