Post
Topic
Board Economics
Re: Do we truly need cbdc when bitcoin already exist?
by
Twentyonepaylots
on 03/10/2023, 20:48:43 UTC
CBDC is just a centralized form of Bitcoin. It's the complete opposite of what Bitcoin stands for. The government can't allow people to have control over themselves. They won't just sit by and watch that happen. They'll have to do something about it.
CBDC will be a total failure in every country.
It's contradictary statement that CBDC is a centralized form of bitcoin. First thing is that CBDCs are not volatile, meaning it just represents the country's currency in online system where the world is trying to leap right now. Second, is that Bitcoin became an asset rather than currency. We need both to be honest, use bitcoin as an asset for future gains and CBDC for day to day living making cashless payments, hassle-less payments, P2P transactions, etc. I don't think it's going to fail, the government is trying to upscale and upgrade the system we currently using, and  of course it is their duty to keep it centralized and avoid any anomaly in the society. Governing body over us isn't a bad thing.