Quote from: Wind_FURY on February 15, 2022, 07:40:55 AM

Quote from: DooMAD on February 14, 2022, 01:45:25 PM

Because, let's be honest, once this thing is fully up and running, people in China probably won't have much choice in the matter for long. It'll start with 'nudge theory', but will swiftly become outright coercion.

Using it itself would subject you to the protocol’s pre-programmed rules. Break the rules, wallet disabled. The value of Bitcoin’s narrative/main value proposition goes higher.

It's just a shame that most people won't figure that out right away. I'd hope that if people were left with no choice but to accept digital money because physical cash was being gradually phased out, they might look at Bitcoin right away as an alternative. But human nature seems to suggest they'll have to have a bad experience first before they consider other alternatives to what the government are pushing. And it's not like Bitcoin isn't short on plus points. Aside from the lack of frozen funds, there's the lower inflation, real-world identities not necessarily tied to transactions and other benefits.

We can see that value proposition already, but for others, the realisation will come too late. I'm pretty sure there will come a time, at some point, where CBDCs will be the death of centralised exchanges because the central bank can simply block all fiat payments to and from them. It would be so easy for them to do and I can't see any reason why they wouldn't if the option is there and they see crypto as a potential threat to the dominance of "their" money.

Quote from: franky1 on Today at 02:12:03 AM

*attempted goading into topic derailment*

Nice try. Take your butthurt to another thread plz. Preferably the one that was created for your benefit. You know full well that conversation doesn't belong here.