Quote from: Viscore on February 16, 2022, 12:29:45 PM

Central bank digital currency is basically the same exact thing as a traditional currency we use today. It is a digital version of fiat money which is controlled by the bank.. People nowadays do not buy bitcoin because it is digital.They buy it because it is volatile and more people used it as an investment. It is also used to purchase anything (goods and services). Some countries have already started using bitcoin as a medium of exchange. More people has became rich with bitcoin.And I think, thats the reason why people keep choosing bitcoin because it is more valuable than CBDC.

people in china prefer to use wechatpay and alipay (both payment apps has over 1bill users each) because using visacard/mastercard come with a 2%/4% fee, where as the wechat/alipay are 0% fee within their ecosystems and 0.1% to withdraw out of those apps

you will find with any payment system when they start to raise the fee's people try to find a new payment system to use thats cheaper
people in europe/america moved away from 'topping up' debit cards and shifted to paypal when fee's went up, then when paypal fee's went up they shifted to venmo. then bitcoin. and now altnets.

the reason people invest(asset class) instead of spend(currency payment) bitcoin is because the fee's have made it less useful as a daily spend payment system

addressing the coercion/propaganda stuff..

the whole media narrative that chinese government controls all currency, and chinese government are watching everything is just western propaganda from visa/mastercard/western politics getting angry that they cant grab 1.4 billion people in a community, so they want to present the "china is bad/broken" narrative.

as for the narrative that china is the most surveillance place.. um no
based on camera's per city:
Beijing, China – 1,150,000 cameras for 20,896,820 people = 55.03 cameras per 1,000 people
Shanghai, China – 1,000,000 cameras for 27,795,702 people = 35.98 cameras per 1,000 people
London, England (UK) – 691,000 cameras for 9,425,622 people = 73.31 cameras per 1,000 people

yea at first glance it looks like china is bad.. but look at the camera's per population.. its actually london that is watching more people

based on camera's per physical square mile
Delhi, India - 1826.58 cameras per square mile
London, England (UK) - 1138.48 cameras per square mile
Chennai, India - 609.92 cameras per square mile
..
New york, US - 193.72 cameras per square mile
Beijing, China – 181.49 cameras per square mile

beijing is not even in the top 14 based on cameras per square mile, heck even NY has more cameras per mile than beijing

now why would western media and western controlled payment services like visacard not like china and want to present it as controlling. whilst unsurprisingly, visacard want to control the eastern market.. hmm

the pretence that china has only 1 payment system and its 'controlled by government' is also false narrative/propaganda
its actually that there are many payment systems available. but only one of those many are controlled by government(unionpay)

there are MANY payment systems and methods in china.

alipay, wechatpay, tenpay, QQpay unionpay, jdpay, applepay, bestpay, huaweipay

.. company tencent (offering services in the form of tenpay wechatpay, QQpay) is an entertainment company that does gaming, movies and payment services. its not "da goverment"