Post
Topic
Board Economics
Re: Do we truly need cbdc when bitcoin already exist?
by
Woodie
on 03/10/2023, 07:06:00 UTC
CBDC (central bank digital currency) are digital representation of a country's official currency managed and regulated by a central bank.
If it's control they want, why bother introducing a CBDC (central bank digital currency) when they can continue with the fiat system that we already know Huh
Are they trying to airdrop some free money on the citizens to stimulate demand, and where is the demand for the CBDC going to come from because these can't compete with our already existing Bitcoin and Altcoins..oops didn't mean to say that !!!

Do we really need cbdc now?
The CBDC model clearly looks to be doing the exact opposite of what made Bitcoin popular....if BTCs current users are not fans of censorship then how will CBDC succeed, the control the central wants over our finances this model of cryptocurrencies is a nightmare and OG cryptonians won't jump on board mark my words!!!