Quote from: xSkylarx on Today at 05:27:15 PM

Quote from: BALIK on June 22, 2023, 02:02:54 AM

Quote from: Inwestour on June 20, 2023, 11:04:47 AM

Quote from: BALIK on June 20, 2023, 04:23:43 AM

When paper money is completely phased out and replaced by CBDCs, our privacy is seriously threatened as they can control our entire finances, even with the smallest expenditures. Using privacy coins like Zcash or Monero will also not be able to guarantee our privacy if CBDC is the main currency of the world. I mean, we still need to convert crypto to CBDC, which is very easy to expose our privacy. I really don't want paper money to disappear, it's really not in our favor.

Yes, we will have to show everything that we have if it happens that governments will allocate some time so that the population has time to replace fiat money with digital money. It's a very bad script, I hope it won't happen soon, now it's more like a movie script.

The elimination of paper money will not happen anytime soon, at least not in our generation, as we have a lot of elderly and disabled people who have difficulty using smartphones and the internet. But most governments are already preparing to release their CBDC, in the next 3 to 5 years, I think CBDC will be released in most countries of the world. CBDCs are no longer like a movie script, they are gradually coming into our lives, and that is inevitable. I just hope they can keep paper money for as long as possible, the two coexist side by side.

The next generation would really be the cashless one, as you are right, a lot of people right now are not technically literate, which means that it is very difficult to use Bitcoin as our primary currency and that CBDC is really for sure a big thing, as we know the government is pushing this also and other governments are banning Bitcoin. Let's see in a few years what will happen.

Cashless but not on the sense that fiat would be eradicated on which means that fiat would remain still as long government exist then there's no way that it would really be removed in circulation. This is why it is really
just that there's no point on thinking or assuming that it would be removed soon due to crypto existence. There's no way that they would be letting these things to happen, instead on thinking up on this way, it would be better to assume that both things would co-exist to each other which we know that this is really and advantage because we do have different options to take.