Post
Topic
Board Economics
Re: Do we truly need cbdc when bitcoin already exist?
by
Ndabagi01
on 03/10/2023, 21:13:35 UTC
Considering the fact that bitcoin has earned an high level of trust, security and borderlessness from it user with an inherent monitory policy brings the big question;

Do we really need cbdc now?

We know, and the government knows, that we don’t need CBDC since it is controlled by them and cannot be compared to bitcoin, which is not regulated by any authority. As people are embracing digital currency and increasing its global usage, the government will want to create a competition to reduce the usage of the decentralised currency by spreading false information about it so that people will switch to its alternative, which is this CBDC. CBDC is merely a ploy to track the use of people's funds in transactions that they cannot track using bitcoin.