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by siwatanejo
1851 days ago
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Actually thanks to the creation of CBDCs, the switch to bitcoin will even be faster IMO, because thanks to CBDCs people will get used to paying things with crypto, but they will see that using CBDCs instead of bitcoin is a bad decision that hinders the purchasing power of their savings. But exchanging CBDCs with bitcoin is much easier to do than exchanging fiat with bitcoin, so the switch will happen faster! |
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CBDCs are literally just government currencies with a million times better tracking than the current banking scheme.
It isn't going to make bitcoin easier, it's a direct threat to every advantage bitcoin has, while still having the utility of being exchangeable for actual goods and services, something bitcoin lacks except maybe on the dark web.
CBDC are what is going to kill the wild west of crypto, the way the centralization of everything on the internet has killed much of the wild west of the internet.
Imagining that centralizing and improving tracking will somehow make the wild west come faster is not paying attention to how things have gone so far, and the actual aims of making a CBDC. It's not to give up control of monetary policy, it's to get it back.