Post
Topic
Board Bitcoin Discussion
Re: Government-issued cryptocurrencies will never be able to completely replace BTC
by
SFR10
on 23/11/2021, 18:08:28 UTC
Some may fear that a government-issued cryptocurrency would eventually supplant Bitcoin.
~Snipped~
What are your thoughts regarding this matter?
Depending on their backgrounds, they're either biased, delusional or they've completely lost their minds!

CBDC can have higher volume and major acceptance but BTC will always around to service the needed market.  VIVA BITCOIN Grin
Collectively, maybe but if you compare CBDCs individually, I don't think the first two would be the case
- I don't think most of the "ordinary citizens" who for some reason, didn't want to use BTCitcoin, would suddenly start using CBDCs and I can think of various reasons why other groups of people might ignore it.

If anything, CBDCs most likely are worse than today's fiat currency.
Exactly! I remember reading an article before that mentioned China was looking to add a limit in regards to how much money each individual could have in their so-called wallets [not sure if they've already implemented it, but I wouldn't be surprised to see other countries doing it in the future]!