Re: ECB starts 24 month digital euro project.

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.

Well the question is how they will implement this without creating a bureaucratic monster. The idea is that everyone has to know each other's identity when sending a cryptocurrency. That means you would have to know my identity if you want to send me Bitcoin. This is complete nonsense. When I make a cash payment, I don't ask the person across the street if I can see their ID before I make a payment.