Quote from: Kavelj22 on September 20, 2024, 11:23:52 PM

But why do you assume that Bitcoin will become illegal in the United States after the launch of the CBDC? Then who told you that the launch of the CBDC will succeed in the first place?
Let me tell you that Bitcoin is actually illegal in the general sense because it is not recognized as an official legal tender or even as an electronic payment system, so there is no need to think about it becoming illegal because it is actually not legal yet. At the same time, Bitcoin is recognized as an investment tool after the approval of the ETF.

My opinion is that the CBDC is not a cryptocurrency at all, even if it is based on the basics of blockchain technology, and that in its centralization it is no different from the money that any of us has in our bank account or on our card. At the same time, Bitcoin has very distinctive characteristics that cannot be compared to the CBDC.

Better move this topic to "Economics" board or "Bitcoin Discussion".

All of the evidence indicates that the current wave of crypto, btc etc, is intended to acclimate people to digital currency.

1) When btc started the U.S. shut down its two main competitors, including Liberty Reserve before the 2013 pump.

2) Many features of crypto are necessary in CBDCs. For example 'staking' until 'coins mature' introduces the concept of controlling monetary velocity which will be a key feature of CBDCs.

https://en.wikipedia.org/wiki/Liberty_Reserve

https://en.wikipedia.org/wiki/Velocity_of_money

If the U.S. can get the market cap of crypto high enough before the rug pull, it will benefit by reducing the money supply. Market cap of $1trillion then rug pull reduces dollar money supply by $1 trillion. It's like the U.S. selling bonds it does not have to pay back. Easy way for the U.S. to reduce inflation at the expense of 'deplorables' and foreigners.