Post
Topic
Board Economics
Re: ECB starts 24 month digital euro project.
by
bittraffic
on 24/07/2021, 09:17:37 UTC
Their plans to create a CBDC have been around for a long time, even my developing country is already preparing for the realization of the CBDC, I read on the official Instagram of my country's central bank that they are in the research stage and it will take quite a long time.  Implicitly they did create CBDC as a form of their awareness of the development of BTC so that this will be a comparison asset for BTC that already existed before.


But if the Central Banks believe that a CBDC will stop/discourage people from buying, and using Bitcoin, then they cannot be more WRONG. I believe people HODL, and use Bitcoin because of two things, idealism, and greed. Bitcoin is censorship-resistant, and something that can still surge 10x more. CBDC can’t give you that.

Well EU plans to start blocking anonymous wallet transaction which they could literally make it a hunt for criminals not just for launderer that they usually say.

And then this CBDC although it will take a long time before they could come up perfectly, stablecoins might also be screened or banned because they think that stablecoins are going to be widely used than the CBDC.