Post
Topic
Board Economics
Re: Do we truly need cbdc when bitcoin already exist?
by
m2017
on 04/10/2023, 09:05:37 UTC
CBDC (central bank digital currency) are digital representation of a country's official currency managed and regulated by a central bank. The idea is to provide an alternative to digital cash allowing faster transactions and increasing financial accessibility.
The idea is completely different - digital slavery, because now, the one who controls cash flows controls people/the world. Everything that officials and the media say is a “sweet lie” for listeners.

Its centralized nature allows the government to directly issue currency to citizens at the whim of central banks
I don't see a connection between the two. What did you want to say?

This obviously means that they can not offer the same level of autonomy or censorship resistance that bitcoin offers
They didn't even try. This is completely unnecessary for them and is at odds with their interests.

The fact that its implementation can lead to potential surveillance and increase government control over finance is something to be worried about.
Worrying, you say? It's time to panic en masse! Smiley

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?
Does anyone ask us about this? Governments decided this without the participation of the people and without waiting for an answer.

In fact, crypto community doesn't need CBDC at all, because we have something better - BTCitcoin. I don’t have this big question and everything is obvious to me.