For those that are asking about a bounty campaign, there is no active one at this time.

That milestone should be reached in the coming months.

No it is 330,000, not 3,300.

Nor are there any plans for one.

Nor are there any plans for one.

Here it is:

It is on the website.

No nothing in that area is currently planned.

# Why Stablecoins Surpass CBDCs: Safeguarding Privacy, Banking Stability, and Core Central Banking Values

In the evolving landscape of digital finance, two innovations stand out: stablecoins and Central Bank Digital Currencies (CBDCs). Stablecoins are privately issued digital assets pegged to fiat currencies like the US dollar, offering stability through blockchain technology. CBDCs, on the other hand, are digital versions of national currencies issued and controlled directly by central banks. While proponents of CBDCs tout them as a modern upgrade to money, they pose significant risks that undermine privacy, disrupt traditional banking, and even contradict foundational principles of central banking. Stablecoins, by contrast, provide a market-driven alternative that enhances efficiency without these drawbacks. This article explores why stablecoins represent a superior path forward.

## The Privacy Perils of CBDCs

One of the most alarming aspects of CBDCs is their potential to erode personal privacy on an unprecedented scale. Unlike cash or even traditional digital payments, which offer varying degrees of anonymity, CBDCs enable central authorities to track every transaction in real time. This isn't mere speculation; design choices in CBDCs often prioritize traceability over user confidentiality, allowing governments to monitor spending habits, locations, and associations. For instance, without robust safeguards, CBDC systems could lead to data leakages or abuses, exposing individuals' financial lives to hackers or overreaching officials. Critics argue this creates a surveillance state where everyday purchases—from books to donations—become tools for social control.

Stablecoins mitigate these issues by operating on decentralized networks like Ethereum, where users can opt for privacy-enhancing features. While some stablecoins, such as USDT or USDC, are issued by private entities and may comply with regulations, they don't inherently grant governments direct access to transaction data. This decentralized approach preserves user autonomy, allowing individuals to transact without constant oversight. In a world where data breaches are commonplace, stablecoins offer a buffer against the invasive tracking that CBDCs invite.

## Devastating Effects on Commercial and Retail Banking

CBDCs threaten to upend the commercial and retail banking sectors by bypassing traditional intermediaries. In the current two-tier system, central banks provide reserves to commercial banks, which then handle deposits and lending for consumers and businesses. A retail CBDC would allow individuals to hold accounts directly with the central bank, potentially draining deposits from private banks and leading to disintermediation. This could precipitate bank runs during crises, as depositors flock to the "safer" central bank option, reducing banks' ability to lend and stifling economic growth.

The impact is profound: commercial banks might face higher funding costs, forcing them to raise interest rates or cut services, while retail banks could see diminished roles in payments and customer relationships. Studies suggest that without compensatory mechanisms, like central bank lending to offset lost deposits, the banking system could destabilize, harming small businesses and everyday consumers reliant on credit.

Stablecoins, conversely, integrate seamlessly with existing banking infrastructure. Issued by private firms like Tether or Circle, they rely on banks for reserves and custody, bolstering rather than competing with them. This symbiotic relationship encourages innovation, such as faster cross-border payments, without eroding banks' core functions. By tokenizing cash on public blockchains, stablecoins enhance liquidity and efficiency, allowing banks to adapt and thrive in a digital economy.

## Contradicting Core Principles of Central Banking

Central banking is built on principles like maintaining monetary stability, fostering financial inclusion, and avoiding direct interference in private markets. Ironically, CBDCs could undermine these tenets. Issuing a retail CBDC might force central banks into roles they're ill-equipped for, such as managing millions of individual accounts, which could compromise their focus on macroeconomic policy. Moreover, widespread CBDC adoption risks amplifying financial instability—imagine a scenario where digital runs on banks accelerate due to instant transfers to CBDC holdings.

CBDCs also challenge the principle of central bank independence by blurring lines between fiscal and monetary policy. Governments could use programmable features to enforce spending rules or subsidies, turning the central bank into a tool for political agendas rather than an impartial guardian of currency value. This shift contradicts the foundational goal of insulating monetary decisions from short-term political pressures.

Stablecoins align better with these principles by remaining market-led. Pegged to fiat but operated privately, they promote competition and innovation without central banks overextending their mandates. They enhance financial access in underserved regions through borderless, low-cost transfers, all while leaving core central banking functions intact.

## The Clear Advantages of Stablecoins

Beyond avoiding CBDCs' pitfalls, stablecoins bring tangible benefits. They enable rapid, low-fee transactions across borders, outpacing traditional systems bogged down by intermediaries. Their blockchain foundation ensures transparency and auditability without mandatory government surveillance. In regions like Asia, USD-pegged stablecoins already handle billions in payments, demonstrating their practicality and global appeal.

Moreover, stablecoins foster a competitive ecosystem where users choose based on trust and features, rather than being locked into a state monopoly. This drives innovation, such as yield-bearing variants or integration with decentralized finance (DeFi), empowering individuals and businesses alike.

## Conclusion: Choose Freedom Over Control

CBDCs, while presented as progress, risk invading privacy, dismantling banking sectors, and straying from central banking's core ethos. Stablecoins offer a balanced alternative: stability without sacrifice, innovation without intrusion. As policymakers weigh these options, prioritizing market-driven solutions like stablecoins will preserve economic freedom and resilience. The future of money should empower people, not governments—stablecoins pave that path.

Reply if you agree

Central banks are in the business of central banking that has no business in being involved in anything retail. CBDC:s are invasion into retail, to push aside commercial banks, and invading privacy of personal payments. In all possible senses, it is against what central banks have been created, and must absolutely never happen. Reply if you agree - and presumably in this forum no person in their right mind would disagree with any of this.

Looks like the AI thoughts were on the softer side of the line of potential arguments.

No there currently is no active bounty program.

No there currently is no active bounty program.

# CBDCs: The Digital Shackles of Tyranny – Why They Must Be Eradicated Before It's Too Late

In the shadowy corridors of central banks and government bureaucracies, a monstrous invention is brewing: Central Bank Digital Currencies (CBDCs). These aren't just fancy digital dollars or euros – they're programmable, trackable abominations designed to strip you of your financial freedom and hand absolute power to the state. Make no mistake: CBDCs are pure evil, a dystopian nightmare masquerading as "innovation." They threaten to turn every transaction into a surveillance opportunity, every wallet into a government leash, and every citizen into a compliant puppet. We must crush this insidious plot before it ensnares us all. No compromises, no pilots, no "wait and see" – CBDCs must be banned outright, forever.

## The Assault on Privacy: Big Brother's Wet Dream

Imagine every coffee purchase, every donation, every private exchange logged, analyzed, and potentially censored by faceless bureaucrats. That's the hellish reality of CBDCs. Unlike cash, which offers anonymity, or even current digital payments with some safeguards, CBDCs would centralize all your financial data in government hands, ripe for abuse. This isn't paranoia; it's a direct attack on your Fourth Amendment rights, enabling real-time monitoring of transactions to target political enemies or dissidents. In authoritarian regimes like China, this is already weaponized through social credit systems, freezing accounts for "wrongthink." And don't think it won't happen here – Canada's trucker protests showed how quickly governments can weaponize finance against citizens.

Privacy? Gone. Your spending habits could be tied to digital IDs, medical records, and more, creating a panopticon where the state knows you better than you know yourself. This isn't progress; it's the death of personal liberty. Allowing CBDCs means surrendering to a surveillance state that makes Orwell's 1984 look like a fairy tale. We cannot – must not – permit this abomination.

## Totalitarian Control: Programming Your Life, One Transaction at a Time

CBDCs aren't just digital cash; they're programmable poison. Governments could dictate how, when, and where you spend your money. Want to buy a gun? Denied. Too much gas for your car? Limited. Support a "disapproved" cause? Funds frozen. This is coercion on steroids, blurring the lines between monetary policy and outright fiscal tyranny. They could slap expiration dates on your savings, forcing you to spend or lose it, punishing thrift and rewarding reckless consumption to prop up failing economies.

Worse, negative interest rates become effortless – your money erodes in your account, penalizing savers while the elite play god with the economy. This isn't about efficiency; it's about control. Central banks would compete with private institutions, crowding out banks and deciding who gets credit, hiking rates for the rest of us. CBDCs empower villains in suits to revoke your access to money at a whim, turning financial exclusion into a political weapon. This evil must be stopped cold.

## Economic Armageddon: Instability and Ruin Disguised as Innovation

Proponents peddle CBDCs as a fix for "unbanked" populations or faster payments, but that's a lie. We already have Venmo, Cash App, and stablecoins handling that without government meddling. Introducing CBDCs would destabilize the banking system, sparking runs as people flee to "safe" central bank accounts, drying up credit and slamming the brakes on growth. Cyber risks skyrocket – one hack, and the entire monetary system crumbles.

They undermine free markets by letting governments distort capital allocation, blending fiscal and monetary policy into a toxic brew. Negative rates and programmable features could trigger volatility, erode trust in the dollar, and invite economic disaster. Early pilots have flopped spectacularly, proving these are unnecessary failures waiting to happen. CBDCs aren't solutions; they're economic suicide bombs. Permitting them is madness.

## The Death of Freedom: A Tool for Tyrants and Oppressors

At their core, CBDCs are a frontal assault on democracy and individual rights. They empower governments to punish dissenters instantly – fine you for "misinformation," seize assets without trial, or block transactions based on your views. This chills free speech, stifles innovation, and entrenches power in the hands of the few. In a world without physical cash, you're utterly dependent on the state's goodwill – a recipe for totalitarianism.

We don't need this garbage. The dollar is already digital; CBDCs add nothing but chains. They're a terrible idea, born from control freaks who fear your freedom. If we let them in, we'll wake up in a nightmare where every aspect of life is monitored and manipulated.

## Ban Them Now: The Fight for Our Future

CBDCs are evil incarnate – tools of surveillance, control, and destruction that must never see the light of day. Lawmakers, wake up! Prohibit them federally, reject international pressures, and protect our liberties. Citizens, demand action: Contact your representatives, spread the word, and resist this digital despotism. Anything less is surrender. The time to act is now – before it's too late.

Team the more active you get the faster we will get there!

Team the more active you get the faster we will get there!

Time to move on and reach the next steps, team! Great job!!! 🔥🔥🔥

Team LFG!!!🔥🔥🔥

Team LFG!!!