Quote from: Pejoh Asu on Today at 03:05:42 AM

Quote from: Hewlet on October 03, 2023, 04:06:18 AM

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.

Its centralized nature allows the government to directly issue currency to citizens at the whim of central banks

This obviously means that they can not offer the same level of autonomy or censorship resistance that bitcoin offers

The fact that its implementation can lead to potential surveillance and increase government control over finance is something to be worried about.

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?

The thing that the government is afraid of is bitcoin and decentralization is becoming increasingly massive, CBDC is of course something that the government can offer to make it easy for the government to control financial circulation, of course we can't think that CBDC is a bad thing because finances must be able to be controlled so that people continue to trust increase.

CBDC is another bad thing that the government is using to control us more and they have no good intentions at all. Bitcoin was created to help us reduce the control the government has over us, so it would be naive to think that CBDCs were created to help increase people's trust. With fiat, cash, we can still have some privacy but with CBDC, our privacy will end. The government can control your entire life, even the smallest things. So don't be happy when they release CBCD.