Quote from: justdimin on August 09, 2021, 07:43:14 PM

Quote from: oHnK on August 09, 2021, 01:22:39 PM

When the CBDC that is regulated by the government is no different from fiat, which continues to be haunted by monetary policies that burden the people, Crypto, especially BTC, will be considered more valuable in the eyes of the public. Isn't everyone now fed up with the centralized market while we already know crypto apart from it all. Now what matters is whether you trust the government or the market more? If you believe the market can bring a better economy, then crypto will be sexier than CBDC

I know that it is not really "that" different from fiat but it is a bit different, in the sense that the tech behind it is a bit different and that matters a lot. This is basically a way to tell the world that governments are making their own crypto now, I know it may not be exactly like a crypto currency but it is a good marketing plot for us that we can use to improve crypto.

Plus in the situation, where CDBC actually gets listed on places like Binance and all, that would mean that exchanging will be easier. Why in the world anyone would ever want to hold USDT? It is just a fiat pegged stablecurrency that is 100% useless if you could actually hold dollars like that, it makes zero sense to own USDT when you can own USD, so if the American government creates their own stablecoin, that means we already have a huge demand for it proven by USDT in these past few years.

I think that usdt as a stable coin which is likened to almost the same as CBDC that will be made by America or other countries will not be very in demand in the market because I myself do not have usdt during a bull market and when it starts to bearish then I change some coins to usdt. If CBDC uses that concept, even if it is backed up by the state, I'm not interested in a centralized system anymore.