[space_rock]

CBDCs will be a tool of all totalitarian, predatory governments. That I'm sure of. They will also be popular with people after a fair socialist utopia with top down economic incentives. I'm skeptical it can lead anywhere good

[matheusmoreira]

Yeah. It's the anti-cryptocurrency, the negation of everything it was meant to be. This technology was meant to emancipate us but it failed and seems to have inspired the creation of something even worse that what we had before.

[randomhodler84]

It cannot lead anywhere good, unless you desire a complete stagnation of society. Thank satoshi we have an alternative.

[automatic6131]

Lmao, if you crypto weirdos had actually made some good things, then these ideas would be DOA.

Instead, cryptocurrencies became: scams, deflationary traps, scams, money laundromats, scams, digital casinos, scams, programming competitions where being first place means you steal someone else's money, programming competitions where NOT being first means you lost all YOUR money, and yet more scams. Whilst also driving up the price for consumer electronics to run these scams - because in order to run them you need unreal amounts of computing power to run a bad append-only ledger.

[randomhodler84]

This equally applies to “internet”. Agree, lots of fraud. Scams. Tricks traps and hacks.

But there is something you are missing here. Bitcoin is mined using specialty hardware, it has no impact on consumer electronics. A lot of these concerns are leveled at ethereum. Bitcoin should be thought of as a fundamental value exchange protocol for the internet. We don’t blame TCP/IP for internet scams.