Post
Topic
Board Bitcoin Discussion
Re: Banks hope to issue their own "bitcoins" to fight BTC
by
eaLiTy
on 31/01/2021, 19:30:33 UTC
Banks will issue CBDC, and banks & govs will profit from CBDC.
CBDC's goal is not to compete with Bitcoin. CBDC is a way for even tighter population and tax control. Just check China, the Chinese Digital Yuan and their Social Score.
The success rate of these central bank digital currency depends upon the adoption rate, all the central banks are planning to come up with their version of the coin and we might see many central banks with their digital currency by next year, the success rate depends upon how it is adopted by the people and if people stay away from it then it will fail to gain momentum. It is true that these CBDC will give more control over the government and this is exactly the reason people should avoid them.