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I read crypto news often until recently that I do not really have the time, all I thought before was that CBDCs are cryptocurrencies, crypto news are always giving updates about CBDCs, like the countries that are ready for CBDC pilot and other such related news. I was actually thinking CBDCs are actually cryptocurrencies before until eNaira was launched. All I can say that I know but will not actually change is that the crypto news are misleading people about CBDCs if what they are all about (I mean crypto news) is cryptocurrencies, CBDCs are not cryptocurrencies.

What are CBDCs
Without not going long about this, CBDCs are Central Bank Digital Currencies, not Central Bank Digital Cryptocurrencies. I am not a Chinese, so I did not know much about Digital Reminbi (Digital Yuan) neither do I know much about any country that had created its own CBDC. I am specifically using eNaira as an example while I believe all other CBDCs will be birds of the same feathers. (Correct me if I am wrong about this).

CBDCs are created by the Central Banks to benefit the commercial banks and all other banks controlled by the Central Banks, that is why you can be able to transfer fiat (like eNaira) from bank to CBDC wallet (like eNaira Speed wallet) with the help of your bank support, I can even see it new on my bank's online banking to transfer naira to eNaira wallet.

I have come to think of it, there is nothing different from e-wallets, online banking and the so called CBDCs other than sender's will not send to bank account but send to code (like an address or maybe called address on other CBDCs wallet). If I am wrong:

Are CBDCs built using blockchain technology?
Is it right CBDCs news are trending on crypto news sites while they are not actually cryptocurrencies?
Are CBDCs cryptocurrencies?

The only similarity between CBDCs and crypto currency is that most CDBC are built on the Blockchain network but they presence of the third party involvement has discredited it from been a cryptocurrency. CBDC is just a digital fiat currency that is created to easy or fasten transaction digitally but not with the mind of replacing fiat it serves basically as a compliment.

As far as I know, CBDC is just a digital version of the fiat currency we all know. They are an evolution of what we have now.

I believe they will be faster and cheaper to transfer (international transfers are slow and expensive), they will be easier to use. On the other hand, they will be basically surveillance coins. Governments will be able to track our financial transactions easier.

They are inevitable. If some of them will use blockchain technology or not, that doesn't matter: they will always be centralized and they will never be a competitor to bitcoin.

People who believes that angels are real, only they will believe that CBDCs are cryptocurrencies. CBDCs are only digital representation of fiat currencies. If you are using debit cards and net banking in your daily life, CBDCs are going to offer same experience only!

But it has additional benefits for the government. It's a great surveillance tool. Your financial privacy will be gone for ever. Government will be able to track every transaction that you do and every singe money you have earned.

I am pretty sure that most of those that are part of the forum know this, what worries me is the average person, they are gullible and if the government says to them that their digital currencies are better than bitcoin then they are going to believe it as they are going to tell that lie all what they want since the media is their ally, and then most people will find themselves using an even more restrictive form of fiat, I think it is not exaggeration to say the battle we will see between bitcoin and those coins could decide the future of humanity during the next centuries, because if bitcoin fails to convince people to adopt it the future will have a huge centralized and authoritative government no one can say anything against because of the fear they will lose everything they have worked so hard for.

From what I gathered CBDC is pretty much just online fiat? Though I think there might be some developments where it could use blockchain, most people expect it to actually just be digital fiat since well, you know, it's centralized. The most people could get from it is that it would be far more convenient in terms of online transactions since it's pretty direct. I think why most media outlets report of CBDC at first was because it was thought to be something similar to crypto which is run in blockchain, but further developments said otherwise. I really won't consider it as crypto tbh.

I do think that CBDC's are actually an extension of fiat so their scope is actually already predefined by their owners. At the end what we can do is, use them, hold them for their usage since am pretty sure that the government would provide us with some discounts etc..but we cannot use them as investments, we cannot use them as bitcoins or any other cryptocurrencies since their volatility would not only be controlled but it would also be fragile, predefined.
How would we know that the corruption is not gonna affect them ? We can use them against visa or Mastercard but we won't be able to really call them cryptocurrencies can we ?
As long as there is a centralized body it would be pretty much *fiat* but nothing else. We can see the digital yuan and see how it works out. But a funny situation here, I just went to see the definition for digital yuan what I found on the Google was :

How funny that is.

Damn! I used to know CBDC as Central Bank Digital cryptocurrency all these days and I supposed it would be another cryptocurrency with more control over it. But it seems same as the mobile banking almost which we are using everyday. What the fuck are govt trying to get? Giving false impression LOL. Until now, I haven’t had a closer look on this.

Hello OP, there's an extensive post that details what CBDC's are, that you and others that care to read through will find interesting and informative.

https://bitcointalk.org/index.php?topic=5288713


Yes, and truth is with the awareness that CBDC's will bring, most people who haven't heard about cryptocurrency will now do, because there will always be comparison between the two whenever the topic is brought up.

The current private stablecoins are very helpful in dealing with decentralized cryptocurrencies. Due to their usefulness in the cryptocurrency market, they began to be mistakenly classified as cryptocurrency, given the fact that they were also placed in CoinMarketCap and other similar tables.
Central bank government stablecoins are essentially the same as private stablecoins. But this is not a cryptocurrency. They are not even all applied using blockchain technology. First of all, this concerns the digitized Chinese yuan, which, they say, is not built on blockchain technology. It's just that we finally need to see their work in practice in order to really see it.

Which CBDCs use the block chain technology? None. A CBDC could be imagined as a Google spreadsheet with limited rights such as changing the values of each table etc. If Google decides to create more money, the users can't question it. It's just like the traditional monetary system where FED prints the banknotes.

No indication of monetary freedom <=> No use of the block chain technology.

CBDC's are heavily centralized and they do totally opposed on what cryptocurrency means and still calling them off to be one?
This is just like digital fight and not surprising yet most banks or some countries had created their own.So what you do call of them? 8)
Have read up above on having no use of blockchain tech? thats what makes it more convincing.

CBDC is definitely not a cryptocurrency. As for me, the main goals of this technology are:
1. Get a more high-tech platform for the national currency. This includes lower transaction overheads, lower collection costs, etc. classic banking daily need, but more high-tech and functional
2. And here begins a more interesting moment - monitoring and control of cash flows. As a rule, it will most likely go in parallel with the abandonment of fiat currency. The technologies borrowed from the blockchain allow you to do a lot of things that could not be done with ordinary non-cash money. Opportunities appear the broadest - from tracking the movement of funds to blocking the movement of certain "wallets".

All fiat currencies are digital in nature, and I don't know of any CBDC that uses or plans to use a block chain.

My understanding is that the difference between a fiat currency and its CBDC variation is simply the payment system. Compared to a legacy transaction being handled by banks, a CBDC transaction is handled by the central bank directly.

They are obviously not cryptocurrency , just the fiat turned into digital for accessibility globally and the reason they are not cryptocurrency are that they are centralised unlike bitcoin which is not controlled. The government still has absolute control and regulation of the digital currency. Although some crypto are centralised but are encrypted with blockchain unlike digital currency that is more as a country's currency.

I search it about CBDC and i read that is not a cryptocurrency but is called digital money that can use to a payments online. Means that its is only made of the government ,but we dont know if they are want to accept a cryptocurrency to their platform partner to the digital money. Like others said this is centralized controlled by the government.

I can see the confusion on the letter "C" hehe. I read a few articles about CBDC myself but it never occurred to me as a cryptocurrency and it was never portrayed that way.

How do you view stablecoins like USDT then? It's also highly centralized and governments can impose control on the issuing company Tether.

Of course, I did not even think that it should actually have to be explicit about this. In fact, anything that is not decentralised for me does not count as a true crypto. For example, Ripple or even some of the less centralised alts out there are not crypto in my dictionary. Needless to say that government issued digital currencies are nothing of the kind of crypto. They do however have some useful applications for the common guy, as they technically could allow you to hold an account without a commercial bank, directly with the central bank.

Not just the ability to track payments, but to control them as well.  You have family who live in a nation which has been sanctioned by the country you reside in?  Good luck sending remittances to them.  That could easily be blocked.  Want to make a donation to an anti-government organisation?  Nope.  Not happening anymore.  Your money won't be yours anymore.  It's a fascist's wet dream.  They will have the power to block or reverse any payment at any time, without warning.

That's been pretty much my understanding of what they are, but it's always puzzled me why a government would want to implement a national cryptocurrency for any reason other than financial surveillance.  Right now, there might be a little bit of separation between banks and government, but it isn't much.  If the government created a currency based on a blockchain that wasn't anonymous, it wouldn't matter if people still used it with the banking system because they'd be able to see all of your financial transactions from the present all the way back to whenever you started using the CBDC.

Physical currency is quickly becoming antiquated, which seems to bother no one but is disturbing to me.  At present, the most anonymous form of money is cold, hard cash--as long as what you use it for isn't caught on some security camera and preserved for all eternity. 

People's attitudes toward a lot of things bother me these days--from mask-wearing to giving up privacy to companies like Facebook-- and I see the world headed down a very dangerous path.  Something like a CBDC might easily catch on in China, but man....I hope it never becomes a reality in the West.

For years we've heard faint rumblings of a cashless society of the future.

We have witnessed a war against cash, for some time now. CBDCs are the planned end product of the war on cash, to push a cashless society.

Economic conditions must be suitable before this precedent can be established. Policies like a global minimum tax would probably need to be established, before CBDCs and a cashless society could be rolled out. I would guess that is what central banks are waiting for.

The world would have to be more centralized and consolidated beneath a single state regime, than it is now. Before CBDC and cashless society could be made a reality.

Centralization afforded by CBDC creates monopolies. Which in turn create an environment ripe for exploitation, malice and abuse. Supply chains being centralized and monopolized within the borders of some nations might be considered a negative precedent. How much better or worse could a global digital currency be?

Does the second C of CBDC even matter when the first C means Central? Whether the second C means Cryptocurrency or merely Currency is not the point. The point is that this thing is centralized. Therefore, whether they're calling it cryptocurrency or not is immaterial. It will be fully centralized, issued by the central bank, controlled by the government, distributed according to the whims of a few powerful people up there, and so on.

It does not even matter whether CBDCs are using blockchain or not. There's no difference between not using a blockchain and using a centralized blockchain.

I still understand it this way, CBDC helps the transaction speed, the cost is optimized. The stages of third-party intermediaries are completely reduced, and at the same time, the transaction process is also faster and more convenient. Contributing to the promotion of national economic interests by transactions are done quickly, procurement activities are expanded, and cash flow is more developed. System recovery and security are enhanced by the outstanding features of distributed digital currency. Effectively apply each country's monetary flow policies, with tighter controls on transactions. And recently this term has appeared in popularity, when major countries claim to study CBDC, but those theories need time to be tested because I have not seen any real cases.

I feel you on much of this. I don’t think cold hard cash is going away anytime soon, at least here in the US. They would certainly have to introduce digital cash before that ever happens, which I think will be met with resistance for some time. The only thing maybe even more anonymous is Monero perhaps, as with notes there are serial numbers on them so they can be tracked / traced to an extent. Of course coins cannot be. People really do need to start giving a shit about privacy more. I invest heavily in semiconductors because they are a major part of the future but sadly that future means watching our every move from every angle, thanks to semiconductors.

One thing I like about bitcoin is its transparency, right from the white paper to blockchain and even to the open source wallets we can decide to use. All I noticed about CBDCs is no transparency. I have tried to want to know how CBDC is working but nothing to prove that it uses blockchain technology, nothing like mining, obviously. Okay if transactions are made and no mining, are there still nodes or any other things representing nodes for validation after transactions are made into blocks (although if not mining) in which block will build up on blocks to make up chain of blocks which is the blockchain, I do not also think so, nothing even like block makeup not to talk of chain of blocks. CBDCs are truly not going to be using blockchain technology in my opinion.

All I wanted to do is to use my country's CBDC when it was created last month, but what I noticed was that there is no convenience it can render that my online banking apps can not deliver me, so I have not seen any reason to use it at all. In fact, I got no option than to later delete the app as it is not yet useful for me.

Yes, CBDCs will work much more efficiently compared to conventional non-cash payments of states, so they will soon appear in large quantities anyway. But finance doesn't like rushing. Therefore, we are not yet seeing the emergence of central bank stablecoins to see how they will work in practice. The digitized currencies of states, of course, cannot be classified as cryptocurrencies, although they will mainly use blockchain technology and even cryptocurrency platforms such as ethereum.

Yes, CBDCs can not be classified as cryptocurrencies because they are not cryptocurrencies.

CBDCs are not currencies like USDT, USDC and others that makes use of other cryptocurrency's blockchain.

Can you explain how CBDCs are based on blockchain? Or is it what you just read on the news just like we did? Do not follow all you read on the news, some are misleading. But if you are certain about this, then prove it.

Don't know much about the CBDC and the digital fiat currencies but what I can assure you is that no centralized currency is True Cryptocurrency, you will be right to call them false cryptocurrencies (but not false currencies) because what makes a currency True cryptocurrency is the decentralization, immutablity, censorship resistant, transparency, etc. These feature kind of gurantee that there encryption and other security features can not easily be tampared without public network rejecting it. Fiats are typically run like private currencies so nothing can be guaranteed due mainly to centralization and lack of transparency

People here say CBDC is merely a digital representation of fiat, but that's not quite true. After all, lots of people deal with digital representation of fiat via online banking and debit cards, and yet all these countries that have such things aren't considered to have CBDCs. So it's not just a digital version of fiat. AFAIK, they're built of blockchain, which is why people often consider them cryptocurrencies,  but it's really a matter of terminological disputes because if we consider decentralization to be essential for cryptos, they're not cryptos, whereas if only blockchain is essential, they are. But once eNaira was launched, and I read some explainers about it, I also got pretty confused about CBDCs, and I'm not sure that I understand them anymore. Perhaps if more appear over the years, the answer will become more evident.

Why would anyone count CBDC as cryptocurrency, there is no similarities except that they are mostly hosted on private blockchain where the government controls everything. The decision upgrade, proposals and implementation is always carried out by the government and you cannot do anything when your account get confisticated.
I wouldn't like to deal with any of them because you are like to provide your details to the government and I think you may be limited to amount of funds you can hold on your wallet.
You will ways be watch using such wallet.

Government is just coping with digitalization of financial payment system from the traditional ones but still it's centralised system and this is how they will be working just like normal fiat or digital cash in other sense but the power lies in their hand only.They have just discussing things and have not finalized any plans for them or how will they use Blockchain technology or not as they are still exploring the vulnerabilities or how to integrate the system but it will take them time and cannot succeed like it.

You'll still have your cryptocurrencies which (some) are essentially anonymous electronic cash. Even if it happens, which is what we're heading towards to, you will have a way to protect yourself.

Imagine this:  A government decides to create the CBDC “Absolut”. Then, you can use that one as cash instead of the banknotes in your pocket. Not only do you know nothing about the transactions (opaque ledger), but you also have a big brother watching the transactions you make.

It's against privacy, freedom and the ideology that cash must not be in the faith of a central authority. That the cash must not have a central point of failure.

This way a central bank currency can be e either digital currency for a cryptocurrency we cannot be sure about what they are going to do in the future but as of now as far as I am concerned I have not read any government so far creating such currency on blockchain. If they are creating on blockchain then that should be kind of cryptocurrency but it is centralized one in a way controlled/monitored one.

In short, a CBDC can be a cryptocurrency if it will be built on blockchain. Still, I am sure no government will be preferring to have open ledger based momentary system hence they may not prefer blockchain based currencies.

I think that some CBDCs are going to use blockchain technology.

So it's not completely accurate to discount them entirely as cryptocurrencies. It's just that they are not decentralized cryptocurrencies the way Satoshi initially envisioned.

Personally, I don't see anything wrong inherently about CBDCs except for the fact that it's fiat. And because that it is fiat, you shouldn't treat it as an investment the way you would treat BTC a long term store of value.

I guess not. Because if they add Blockchain to CBDCs, there opens an opportunity for people to try and hide their transactions if any loophole is found by them.


True, because people need food to live, the same way they need something new in terms of news to learn about what's going on in the world. So even if these are not cryptocurrencies, they're still being advertised as the same.


According to my belief, people will be entrusted to believe that these are cryptocurrencies while they won't be, because there won't be any cryptography involved if I'm not wrong as all they're planning to make is an e-wallet with their country based currency which you won't be able to send outside your country (remit in simple words) to people in other countries so not to evade the fees that are chargeable, i.e.; sending fees, forex fees, etc.

I never got the impression of CBDCs that they ever were supposed to be transparent. Central banks have their intent pretty clear, they want to retain control over a currency and in a digital age, cashless seems to be the norm. It's not that cash ever had any intrinsic value anyways since shifting away from the gold standard, CBDC's offer the same type of concept, digital tokens created out of thin air, no protocol, and a way of controlling the currency flow of a country.

CBDC's isn't going to work or function like decentralized cryptocurrencies that we know, they are just going to be digital versions of the issuing countries fiat currency, the government knows that, but most of the people (citizens) prolly do not and that's maybe going to play into the hands of the government as they try to 'sell' their CBDC idea to their people. CBDC's is going to be centralized and will be controlled by the government just as they do with fiat.

I'm pretty sure many people wrongly believe they can invest in CBDC's just as they do with Bitcoin, and I think it's the fault of the government for making CBDC's look like a competition to Bitcoin when truly it isn't and will never be, one is controlled by its users and the other is controlled by the government, they do not function in the same way.

CBDC is a digital version of cash—the physical money issued by central banks using blockchain technology
Source: https://kuenselonline.com/is-it-not-time-for-blockchain-based-cbdc/#:~:text=CBDC%20is%20a%20digital%20version,hack%2C%20or%20cheat%20the%20system.

Same as digital fiat but this one just attached that blockchain  technology which i dont see anything something different comparing
it on e-fiat.

So its not really that right on having or  treating them as a cryptocurrency entirely.

I have this thought that anything that is 1:1 in their respective country money or anywhere is not a cryptocurrencies.
Heck, I don't even consider USDT as cryptocurrency but just fiat itself in digital form.  ;D
What worries me is if people are investing on this kind of units and they don't even know there is no movement that will happen because of lack of knowledge. At worse cases it may become the source where government starts subtracting money from you when you fail to pay the fines named after you.

I prefer when this CBDC is said to be fiat money but in blockchain version. because of the system and the rules that are applied they are the same as fiat and they are. but with a more recent version by applying blockchain technology.
this is the same as wanting to make a match by doing the same way of initiating blockchain as crypto but with a fiat system

Can you see the quote below, this people are changing what blockchain is, blockchain is not duplicated, there is only one blockchain to a coin, but if they like they can make it and called it duplicate and even replicate it. But what makes blockchain are blocks, the blocks contain some transactions, after the transactions of the a block are confirmed, then another block build on the previous confirmed block, as the blocks are building on one another and transactions getting confirmed, then it becomes a chain of blocks. That lead to what blockchain is, the bases of blockchain.

I do not know what government or people piloting CBDCs want to turn blockchain to, but I guess they are very wrong. Bitcoin and other decentralized cryptocurrencies are all having white paper in which how their blockchain will be is indicated, but how about digital Yuan, eNaira or other CBDCs that are existing now, what (any article) that provide the transparent information that indicate the blockchain they built their CBDCs on? I think this people needs interviewing for us to know if they are actually telling the truth, but if no information about this is available to the public, then we can not call those CBDCs as cryptocurrencies.

---

This is not what blockchain is, you can read what I posted just above. Although, it is a digital ledger.

Yet they are running off blockchain? That makes them cryptocurrency, if you are trying to split them then we should do the same with usdt and usdc, even every other cex tokens too, CBDC don't have it's own separate engine they still runs on blockchain and yes they are cryptocurrencies to me

I highly doubt it.  It makes no sense for them to use a blockchain.  Centralised systems don't really gain many tangible benefits from using one.  If anything, it actually introduces trade-offs they probably wouldn't want.  I don't think a blockchain is a suitable framework to meet their goals.  They can do absolutely everything they need with a regular, more efficient, database. 

People need to stop thinking of blockchains as some sort of magic cure-all that automatically makes everything better.  If you use them in the wrong way, you're likely just adding unnecessary complications.

I don't really see differences between CBDC and other called "stable coins". They represent another form of money (Digital one).
And while some stable coins claim to have a liquidity reserve in USD as well the digital Yuan from which they got its values , CBDC is just another form of scriptural money who isn't backed by a any store of value.
Furthermore, while stable coins are used to freeze balances within exchanges to avoid big dump loss, what's the advantages of CBDC but to interrupt the system with more centralized products.
Personally, i don't believe in those assets and always ignore them.

In my country, CBDC is learned by the government. They don't explain how the CBDC work clearly, but based on what I read about CBDC It will not be decentralized so why it will be interesting for us? The government will not make any innovation and technology for the monetary system which disturbs their power. So, I don't have any optimist for CBDC can cover what society needs. They told us that CBDC can replace crypto with transaction fee which is cheaper and more efficient but they still control our asset with reason they wanna cover their society if there's trouble. Thats really full of shit.

I think they're trying to either change the definition of cryptocurrency or they're trying to deceive us into thinking CBDCs are cryptos. But I highly doubt CBDCs will be created the way Bitcoin or even other centralized cryptos have been created.

CBDigitalCurrencies are not called Cryptocurrencies for a reason many probably don't see right now. They're, as others pointed out before me, just digital versions of fiat - something quite similar in fact to what we today know as credit/debit card balance & transactions, probably just more convenient & portable.

I honestly hope they don't get to brainwash the majority into believing that investing in a CBDC is the same thing as investing in crypto. That's all I hope for. Their biggest advantage is that most people have no idea what a cryptocurrency even is, besides the idea that they're digital - and this is imo exactly why people get deceived easily.

The differences are fairly stark:

Stablecoins involve placing trust in a company or individual to maintain funds in reserve to back the digital token (although most users of stablecoins aren't bothering to check if there's adequate backing or not).  Trust often seems completely misplaced in these shady corporations.

CBDCs won't have any physical backing, but are instead "backed" by belief in the nation state's overall productivity.  While they will sometimes be more reliable than stablecoins (depending on how untrustworthy or incompetent your government is), they have the obvious trade off of surveillance and censorship.

But yeah, I'll be ignoring both as well. 

Some people are saying that because CBDC is not decentralized then that disqualifies it from being a cryptocurrency. Being centralized or decentralized does not really qualify a currency to be a cryptocurrency or not, it can still be a cryptocurrency and not be decentralized. We have already seen lots of cryptocurrencies that are  centralized and controlled by those that created it. Bitcoin is just a few of the cryptocurrencies that are truly decentralized and not controlled by any party at all.

Then as for CBDC, well the government has made us to believe that they are cryptocurrencies, but these ones to me are completely useless because they are tagged to the same Fiat. I don’t really see the need for having a CBDC because it’s just the same as making use of Fiat. And I also don’t see the need why the government would be creating a digital currency when we already have bank apps that is making everything go digital already,.

When governments are ready to declare bitcoin as legal tender then how we can say that they will not be ready to have their currency on open ledger? In my opinion it will be possible and might be happening in very near future.

I am expecting some government will be having their CBDC on blockchain because not all government are hating the latest technologies and revolutions. So, you can expect some government will be coming forward to to adopt blockchain for the purpose of issuing their CBDC.

I agree that not all the governments are hater of latest technologies but at the same time all the governments are preferring to have control on the momentary system. If they are able to have all the control over the blockchain-based CBDC then we can expect them to go for it. As of now I don't think it will be possible for any government to have control over the blockchain based momentary system.

Still, I agree anything like monitoring one's crypto addy's incoming and outgoing transactions will be possible then government may not have any more hesitations on adapting blockchain based CBDCs.

The implementation will be in the form of a high-level API, but what functions are implemented in it, how many of them, what internal processes this "pseudo-blockchain" has, we will probably never know. We don’t know for the reason that this functionality will be the “joker in the sleeve” that will give the state and its entourage an undeniable advantage. They will see in the palm of their hand who is transferring money to whom and how, at any time they will be able to block or "reset" an unwanted wallet.
But as the main goal and achievement, of course, will be put forward - speed, reduction of transaction overhead costs, simplification of many operations. It is very important that it will not be a cryptocurrency, in the broadest sense of the word. everything will be centralized and totally manageable.

In general, both of them can be considered as no more than trade instrument without being backed by any real value. And yes, they are wideely used because most of users don't really care about any of them being adequately backed. Sad but True .
As they don't have a seperate blockchain, this doesn't forbid them to be cryptocurrencies as they are running into other blockchains. However, they are not backed by real projects by which we can assist for updates (if any).
Personally, i consider CBDC to be another scriptural form of classic money. No, it's not a cruyptocurrency in my opinion .

Finally someone speaks about this, the biggest flaw that these CBDC have is their unlimited supply which too is controlled by just on the direction of a single party, if you really want to create a CDBC it's okay to govern the development and running of the Currency but if you will get the control of mining as many coins as you want or removing from the system as many coins as you want it doesn't makes any sense, then why do you need CBDC in the very first place? Your Banks are already doing it just create another Digital IOUs using a special digital signature which cannot be forged, why naming it a CBDC?

And here we have the issue of an uneducated population that wants to get into crypto as quickly as possible and get out of it as much as possible without spending any energy on it. Those types of people don't understand or know on what values crypto was based on and what the core principles are. The ONLY thing they know it is digital money. And then we get this.

Most people have always been like that, they are unable to see the big picture, they cannot see how their freedoms are being eroded everywhere and instead of resisting by not using Facebook or at least reducing their usage of it they just do not care, the only way to wake them up is with something that affects them so profoundly that they have no other option but to rethink what they have been doing and then change their ways, and I think the only event big enough to do this is the collapse of the fiat system.

No, CBDCs are completely different from USDT, USDC and other decentralized coins pegged with fiat, USDT and other decentralized coins are built on decentralized blockchain like the Omini layer for the ones built on bitcoin blockchain, ERC20 tokens which was built on ethereum blockchain, and TRC20 tokens of such that was built on Tron blockchain, these coins are decentralized even if not completely decentralized but not centralized like CBDCs that people do not know much about.

No, CBDCs cannot be classified as cryptocurrencies, even if they use blockchain technology. This is actually a new type of non-cash payments of state currencies. Only blockchain technology makes them much faster and more efficient in their work. But all the main indicators of CBDC indicate that these will be ordinary non-cash payments in the currencies of states and they will have practically nothing to do with cryptocurrency.
I also do not consider the current private and various commercial stablecoins to be cryptocurrencies. This is a special type of financial assets, which is a connecting link between the cryptocurrency and fiat of states.

Investors are coming to know this by the day. Most government agencies tries to make their citizens believe it's better investing in their digital currency than crypto trying hard to discourage them from having crypto investment so as to promote their digital currency but it's actually nice seeing that the knowledge of how they two operates and that both represent two different things while crypto currency is majorly decentralized although bwe still have some centralized crypto. CBDCS is a clear picture of centralized entity.

The community wouldnt really be blind on not to see everything on which sooner or later even though the government had forced them in to believe that it was actual crypto but people would be finding ways
to know the truth that decentralized things do exist without having that full control by some government or entity or institutions which would for sure it would really be getting more interest
sooner or later on years to come.For us people who have been here on this market then we know on what are CBDC's are which its just common sense
that it would be still falling into heavy centralized things.

Bitcoin remain the most truly decentralized currency. Many altcoins are designed to be decentralized but are having some characteristics of centralization, but many are still better than fiat because they appreciate in value unlike fiat that depreciate in value. Fiat are completely centralized, subjected to government control, and not only that, it is not private at all, unlike bitcoin.