Quote from: DooMAD on Today at 01:37:26 PM

Quote from: cryptosize on Today at 12:48:31 PM

Quote from: Poker Player on Today at 03:41:05 AM

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The European Central bank is toying with the idea of imposing a €3000 limit on consumer CBDC accounts to discourage users from transferring all their cash from commercial banks to the central bank.

So what the ECB is worried about is that citizens will embrace the Euro CBDC so enthusiastically that they will all want to switch to it, eliminating the need for commercial banks and suddenly all those banks will fail. That is why it is considering imposing an initial limit of €3,000, which will coexist with the existing cash and electronic payments (transfers, card payments, etc.).

You really think people will be so enthusiastic to abandon cash in favor of CBDC, social credit score, carbon credits, 15-min cities? Roll Eyes

Only a gullible person would believe that... I think Bitcoiners can do better than that. Cool

I doubt anyone here is entertaining that notion, but it's the kind of thing the bureaucrats obsess over. I suppose they are accountable if they do get it wrong, but yes, it's a pretty far-fetched scenario.

Our goal presumably involves trying to highlight to the uninitiated masses what the consequences might be for them if they do adopt CBDCs. The absolute death-knell of privacy being chief amongst them, but censorship a serious concern as well (and, unlike this current situation with a small percentage of pools censoring OFAC listed addresses, it's likely to be a more pervasive, inescapable and unyielding type of censorship with CBDCs, with little room for recourse). Even if we can't necessarily persuade people about the advantages of using Bitcoin, it could be an "anything but CBDCs" kind of discussion.

The masses have a distinct knack for acting against their own self-interests when given the opportunity, so it won't be as easy as it might sound to convince them that CBDCs are very bad for them. You'd be surprised at how quickly some might embrace this mass-surveillance foolishness.

I already see some people around here embracing things such as Digital ID, carbon credits (because apparently human beings cause climate change) and yes, even mass surveillance with tons of cameras and suggesting that Bitcoin is the perfect "timestamp machine" to store video feeds from innocent citizens. Shocked

Trust me, sometimes I'm genuinely wondering if I'm talking to Bitcoiners or feds... people conceal their identity, so it's very easy to pretend and play some fictitious role.

Regarding OFAC, I remember back in 2020 during the 1st COVID lockdown some BTC pool trying to censor transactions, but it didn't last for too long.

F2pool only has 11.4% of the hashrate. Still a far cry from 51%. Chances are it will fizzle out again.

Quote from: HmmMAA on Today at 08:31:47 PM

You should study how bitcoin works , and Antonopoulos isn't the best source .

Who is the best source? Craig Wright?