Post
Topic
Board Economics
Re: The collapse of central banks...Inevitable?
by
Abiky
on 30/04/2024, 01:42:03 UTC
You're right; these "elites," the old guard, love control and power from the money printer. Since they rule fiat currencies, why would they rebel? The system is rigged for corruption, and they won't want to give up its secrecy

Bitcoin and its movement are changing everything, man. Transparent and tough, it won't change. The goal is to reclaim power, not just technology. Definitely a lengthy road. Every time someone realises they can manage their digital money? A little earthquake rattles the system

You're right about CBDCs. Governments are likely adopting digital currencies. That could be the greatest Trojan horse. After getting used to digital money, people start to wonder who's in charge. That leads to actual decentralisation. Your voice, preaching about independence and not having Big Brother watch your finances, will change attitudes

People aren't seeing the big picture. They're only focused on making money with Bitcoin. Not to use it as an alternative to the corrupt Fiat money system backed by central banks and governments alike. The spot ETFs, taking down mixers, etc. tells us that governments already have an advantage over Bitcoin. It won't be long enough before they're able to control it. Especially by forcing people to comply with KYC just to buy/sell BTC.

With that leverage, governments and banks will only get stronger over time (not the other way around). The launch of CBDCs will mark the end of the privacy era, as they will allow governments to have a full scope over your financial life. It's likely they will outlaw crypto/Blockchain tech to prevent people from getting out of their system. The current financial crisis will only accelerate governments' efforts to reset the economy. The question is: Are we prepared for such an event? Smiley