Bitcoin Forum

CBDC (central bank digital currency) are digital representation of a country's official currency managed and regulated by a central bank. The idea is to provide an alternative to digital cash allowing faster transactions and increasing financial accessibility.

Its centralized nature allows the government to directly issue currency to citizens at the whim of central banks

This obviously means that they can not offer the same level of autonomy or censorship resistance that bitcoin offers

The fact that its implementation can lead to potential surveillance and increase government control over finance is something to be worried about.

Considering the fact that bitcoin has earned an high level of trust, security and borderlessness from it user with an inherent monitory policy brings the big question;

Do we really need cbdc now?

We the people of any country do not need that country to issue cbdc’s.

but many countrie’s governments are desperate so they may try a cbdc to make a bailout won’t as they are bound to fuck them up 🆙

Our government don't know that, for in their quest to retain power and all ramifications of control over the citizens they just believe whatever they think for us as citizens is what is good for the citizens. And this they do without even asking for our opinions.

In most cases I don't see a much need for a cbdc but while certain factors may influence the creation of cbdc some governments tend to implement this without painstakingly examining the potential risk concerned.

Are they trying to airdrop some free money on the citizens to stimulate demand, and where is the demand for the CBDC going to come from because these can't compete with our already existing Bitcoin and Altcoins..oops didn't mean to say that !!!

Btw, If it's control they want, why bother introducing a CBDC (central bank digital currency) when they can continue with the fiat system that we already know ???

The CBDC model clearly looks to be doing the exact opposite of what made Bitcoin popular....
if Bitcoin's current users are not fans of censorship, then how will CBDC succeed with their proposed control  model that the central bank wants over our finances  ??? this model of cryptocurrencies is a nightmare and OG cryptonians won't jump on board mark my words!!!

They are really threaten with the existence of crypto that's why they introduce that because those officials are afraid that their own fiat will get dominated by some crypto in future. But if your question if we really need CBDC? maybe for legal talks if this is widely introduce by our government then yes since we need to use to to make our transaction legal to them but if not and declared this as an option only then we don't actually need that since we have a lot of stable crypto to choose and its up to the people if they adopt what those people created. But CBDC existence is not really a bad idea since somehow we can assure that there's legal authorities monitoring its circulation and maybe for using this we can be away from harmful hackings or any illegal conditions.

The problem is not so serious that it makes us nervous, I used to like the idea of ​​CBDC quite a bit but then it appeared and the development of crypto will still increase over time.

Regarding the ideas and issues that CBDC is aiming at, I just imagine that at that time we were in a period of time where the economy, technology,... had all reached a strong state so that at that time people no longer thought that forcing property issues, or instruments for conversion.

It seems like I've also heard about CBDC testing in China, and I feel like they are taking future-oriented steps in technology and testing many things China's digital yuan stands out in cross-border pilot in a show of global ambition (https://www.reuters.com/markets/currencies/chinas-digital-yuan-stands-out-cross-border-pilot-show-global-ambition-2022-10-27/)

There is a truth that you need to accept that, whether we need CBDC or not, it will still be issued by the government and in the further future, it can even completely replace paper money. So as long as the government still controls us, it is mandatory for us to use fiat or CBDC in the future, we have no choice whether we want that to happen or not. 

But I find it inappropriate to compare bitcoin with CBDC because they are completely different, if you want to compare you should compare it with stablecoins rather than bitcoin. Since CBDC is just a digital version of fiat currency and fiat cannot compete with bitcoin, and neither can CBDC.

CBDC concept isn't new and already in the circulation even in countries like China but do you really see CBDC as a threat to bitcoin?

Nah, it doesn't even has the ability to take down the paper money.

CBDCs? Oh, please. They are only a sophisticated method for governments to increase control over the financial system. They are digital, and they may allow for quicker transactions. Yet at what price? The decentralised nature of Bitcoin is its greatest beauty. There is no one in charge of it. If you will, it is the currency of the people

Then, CBDCs? They are completely the opposite. Centralised. Controlled. Monitored. Like receiving your financial freedom on a silver platter, isn't it? Who would want it, anyway? Particularly now that Bitcoin has established its value in terms of trust, security, and lack of boundaries

The main issue isn't whether or not CBDCs are necessary. The question is whether the government requires them to monitor us. And the response? Unanimously, yeah. The CBDCs are their key to obtaining the control they seek. But do we, the people, need them? I think not

For those who prefer anonymity and privacy preservation, No, Bitcoin will do just that. But for those who don't care about anonymity and privacy, especially the government and legal businesses, Yes.

Bitcoin is decentralized, while CBDC is centralised, so for monitoring, regulation and taxing, Bitcoin can't help any nation achieve that success.

No company can operate 100% with Bitcoin, that is not just possible. But they will be allowed with CBDC and also have better rest of mind since it is central bank backed and controlled and is such that will properly be accounted for the economy, unlike Bitcoin.

CBDC is not related to bitcoin, I'm not sure if they have anything n common, if you have said stablecoins now and CBDC, then there are some similarities.

Bitcoin is a decentralized digital currency, by decentralization they don't have any middle man that control it's operation. The performance is based on peer-to-peer people around it's ecosystem, the network security is also dependent of the people around it.

 CBDC is a stable digital currency that central banks like to issue, it is going to be control and manage by the central bank, it's affairs are not restricted by commercial banks, anyone can use it any where and anytime but they are regulated in a such a way that you can be restricted if you violate any rules of the CBDC, this is Hy it's not good to use it in the first place because it's not your key or your coins.

Stablecoin work in this manner. The difference between CBDC and stablecoins is that one is control by central banks and the other is controlled by group of people that form a company.

In any case, the CBDC's supporters are undoubtedly strong, even if we don't want to. You are aware of what is taking place at this time because some believe that the CBDC has the potential to transform the financial sector and make it more accessible and secure in the long run.

There's a chance that the government will just use this CBDC surveillance to regulate the banking system. Although I believe it is doable, the CBDC may face difficulties as a result.

Even without having upto this achievements with bitcoin, the solution is not with CBDC, what the people want is bitcoin and with some of the reasons that it's decentralized, it gives them access to control their financial economy, there's more potential future in bitcoin investment and it kicked against inflation role on its economy, people needs to have financial freedom, they don't want the banks to always have access to their financial accounts and make deductions as they pleases in form of charges, they are tired of financial embargo and lack of trust and privacy with fiat, CBDC is just a digital fiat, bitcoin which is cryptocurrency is the solution to the people's choice and desires.

Nope.

It's just the gimmick of the governments because they're seeing that the attention of their people are going on with the cryptocurrencies, mainly in Bitcoin. And in comparison and just to add some competition, they think that CBDCs are going to be par with it but it's far from what made people dwell into cryptos.

They already have their cash and digital cash which makes transactions cashless so there's really no need for any CBDCs if they already have their control over their fiat whether in physical and in online attributes.

There are already a lot of things for them, aside from these CBDCs, the digital cash or ewallets and typical payment methods, stable coins that are centralized and what more?

They want people to see that they can also create a Bitcoin-like currency. That's where CBDC will come in. Do we need it? Absolutely not. Fiat money can be digital and it's actually happening in the past and today.
There are applications who offers a wallet like digital currency where you can keep your money and it's usually the banking industry who are using these features. Credit cards are also means of digital currency. So where do CBDC come in? None. As long as the banks have the numbers then they don't really need it. Cash will become an asset like gold where it will just be kept but not moving from one hand/person to another but only one bank to another.

The CBDC will be a central currency and will be issued by the central bank. Therefore, there is an entity that will support it and confirm that it has value. This entity is trusted by many people and therefore they are forced to deal with it if the government issues a decision to do so. It is true that adoption will take time, but in the end it is a form of institutional and central money and the opinions of individuals. It will not change the decisions of countries, especially if it facilitates transactions and eliminates the need for an intermediary role, whether that intermediary is a bank, payment service, or credit cards.
CBDC is a way of printing money, so we can say that CBDC is VS cash and not crypto it is like comparing Ferrari and F35

To answer once again about CBDC : it is not what we all dreamed of. It is not "blockchain and security for the masses", it is total control and complete management of your money, which will be in the hands of the state. Read about the implementation of this technology, it is a "blockchain hell" which just crosses out all the advantages of this wonderful technology and ideology. But... most likely - there's no turning back now

You don’t need CBDC but you need digital bitcoin (digital currency)
The government believe the people are into bitcoin because it’s a digital currency so why not give them that digital currency that they so much admire. That’s how they come up with something that they think the people will also want to make use of, it’s just like if you can’t talk them out of it why not make something that will look like it that can drag them back to the local.

Bitcoinners don’t need CBDC, but their centra bank don’t want to be pushed out of business so they want to tap into the innovation of blockchain technology, so they give you a digital currency which they can still control so what’s the difference? Nothing really do their purpose is also not going to be fulfilled as not much of the people will want to use something that still so much centralized.

The fact Bitcoin may offer a solution won't stop the government from developing and implementing the system. A few points to note, bitcoin has no legal positioning, its adoption is lacking, and the trust is mainly preserved by those who are familiar with it. Generally, bitcoin is far from widespread usage, bear in mind that its user experiences are also far from good, and the onboarding process is tricky for many people. We can not expect the current condition of what this space offers to be enough as a reason people reject CBDC from development till its inception.

NO!

The idea behind the CBDC across various countries is, amongst others, to digitally represent themselves in the new technology and also have swift tranfers but neglect the very blockchain onus, which is, by far, the most proritised reason for the blockchain technology.

Whether they introduce the CBDC or not, the blockchain technology has come to stay and they can only try but becoming a worthy competition isn't possible as their motive and that of blockchain isn't the same.

If the benchmark is that countries need to issue a CBDC because they want to keep up with current technological developments, we don't really need a CBDC based on necessity. We just turn fiat money into Bitcoin, then why do we keep CBDC. The government wants to change views and indirectly indoctrinate people's brains about the importance of CBDC which can make everything easier. The government forgot that we already have multifunctional coins that can be used to invest and make payments for goods and services.
CBDC is just a sensation for the government to entertain themselves, people will prefer something more profitable than storing products that can be affected by inflation.

Why not? they're similar to stable coin, they can easily ban the usage of stable coin and force their citizen to use their CBDC. CBDC should be better in terms of regulation, while stable coin, there's no centralized entity will responsible if the stable coin get hacked or turn scam.

CBDC and Bitcoin are a different thing, they have no way to ban, but they can reduce their citizen to use Bitcoin by ban it.

Do we need them? Of course not. Will the government continue to issue it? Of course, they will. At the end of the day it doesn't really matter if we need it or not, the government will still issue it because it gives them control, control they couldn't attain with Bitcoin. The government doesn't care if Bitcoin exists, as far as they're concerned it doesn't fall into their realm of control and maintenance and thus they need to have one that can simply give that and that happens to be CBDC. Besides, if you think about it, at least those who are not aware of digital currency will be able to learn and finally experience it, mostly those who are skeptic of Bitcoin.

We? To be honest, yes and no, but for the government to keep the financial system running, the answer is clear that they need a system that is able to upgrade from conventional to modern. The aim is to maintain the flow of incoming funds into an additional source of state income. And what they want is that the policy in issuing CBDC hopes that people will prioritize security. All to achieve the goal of complete control of state assets.
I'm here between caring and not, because whether CBDC exists or not, until now I have never received benefits beyond what I got from Bitcoin. So it all depends on your tastes and needs for your respective purposes in using something.

I guess it's keeping up with the times. Introducing CBDC is a way to bring money back to the Central Banks.

Government and traditional financial institutions already acknowledged the fact that money is flowing into cryptocurrencies but those who hold crypto are probably taking their sweet time to convert back to physical or digital fiat. This may have caused liquidity problems for banks since funds are now on personal wallet or exchanges and they no longer have access to depositor's money like they used to as a result. They also want people to trust CBDC more than stable coins.

No, we don't. But governments aren't concerned about what people need in their countries. They are actually more concerned about their own personal interests and agendas. That is where CBDCs enter the scene, since it's an interesting concept from the centralized point of view, as it guarantees more overcontrol over citizens' finances, restraining tax evasion and bringing more income for the the public vaults.

With more money on government's pockets, it's possible for politicians to increase their wages and every additional benefits and perks they have access to through public money. Meanwhile, common citizens have less money to spend with leisure, personal development and family.

Haven't you learned yet that it's your government that needs it, not you?


Well, it is rather worse than printed money, because with it you have privacy to some extent. If you pay for a car or a washing machine but you give your data (for example to have it sent to your home), you don't have privacy, but in the great majority of payments, especially small ones, you do. With CBDCs everything will be registered, even when you buy a fucking chewing gum, but seeing how many people pay for that with their mobile or smartwatch they won't care. Apart from the fact that it is easier to manipulate, seizing it, putting an expiration date on it or preventing you from spending it on whatever the government deems (as if it thinks you have bought enough meat or gasoline this month).


This.

Even though bitcoin has been around for a long time, this benefit has not been fully felt by everyone and even though I find comfort in making transactions using bitcoin, in several other transactions I cannot use bitcoin as the transaction medium that I use because of what I think. said before that not everyone uses bitcoin as a transaction medium. And because of the limitations of bitcoin where I live, this is what makes me still need CBDC as another transaction tool that can make it easier for me to carry out transactions. And if only bitcoin was used by most of the people in my place then I would fully use bitcoin as a transaction medium.

I think you just came to know about CBDC and asked questions like (do we really need it), but my friend CBDC is not something new instead first proposal was proposed in 1993 (by Finland but rejected). And till now, 11 countries have implemented the CBDC system and my counting might be wrong (because there might be more in numbers). Now if we talk about, whether we need it or not.

That depends on the purpose and usage of money by a person, if he wants to remain anonymous and does not want to get exposed to authorities that he has that much money, then that person has to take extreme precautions because using BTC only does not provide total anonymity. And if a person doesn't really care about anonymity and trusts their government then there is nothing wrong in using their own CBDC system. Because at the local level, it is a good thing for those countries, that have high crime rates, and there is ban or restrictions on using BTC as a payment method.

CBDC has its own benefits and cons, but in my thought, BTC has more benefits if compared with CBDC but to the locals not to the authorities that's why they are focusing on CBDC, and want to divert the interest of people from the BTC system. Because they know it is in there harm (if used by bad actors).

Bitcoin is a uncensored, borderless, decentralized digital currency that puts power in the hands of the people. The government usage of blockchain technology in the creation of CBDC is for their own gains. CBDC is just a replica of physical fiat currency, the opposite of Bitcoin, a tool in the hands of the government to control, spy and manipulate the masses. With CBDC, you have no autonomy over your funds as it can be withdrawn, transferred or frozen at any time by the bank on the authority of the government. Do we need it? No, it will be imposed on the us anyways but we've a choice to either accept it or not.

People don't need CBDC but the government need to make one, so there for, some people will have to use CBDC because they like using everything the government tell them to, I as a person don't need CBDC, the agenda behind this CBDC is still unknown to me, maybe to ridicule crypto? I don't know, even if that's the reason, it doesn't look like it's working, especially on Bitcoin.

Now even the government want to take the power by force, that's why ETFs need to be approved, I believe more truth will come to light as we go down this rabbit hole, it's a matter of choice if anyone want to use CBDC, I mean, very few people cares about privacy this days, most people trust their government more than their own lives.

I will choose Bitcoin and few other alts over CBDC any time, that includes Litecoin and Monero, the government has been beaten by this digital currencies already, they are mad that these nobody currencies turn up to be peoples favorite today, Bitcoin is unstoppable.

The difference between CBDC and fiat is that CBDC is a digital money but it doesn't change anything,  they still belong to government and they are still controlled by the government. CBDC can never match the standards of bitcoin,  people will prefer to invest in bitcoin because of it value . CBDC belongs to the government,  it will be so much influenced and cbdc can never like bitcoin.  All digital currency that are imitating to be bitcoin ends up becoming something different.  We don't really need cbdc I don't see what benefits it will to people.

The necessity of the cbdc is not what bothers me in particular but their transparency and duration plan is what I am mostly concerned about. In as much as I don't side the idea of cbdc but if they are to exist for the alternative use of those that still have much trusion the government with their money and privacy at least they should be made to last long and working.
In my country the government through central bank established an E-naira electronic monetary system which didn't stand the test of time after raising hopes on the citizens for an alternative to bitcoin adoption. The bottom line is that if it's ain't bitcoin it just can't be bitcoin, because others have proven to fail.

CBDC is just a centralized form of Bitcoin. It's the complete opposite of what Bitcoin stands for. The government can't allow people to have control over themselves. They won't just sit by and watch that happen. They'll have to do something about it.
CBDC will be a total failure in every country.

They know that Bitcoin has come to stay. They can't outright ban it because that would be an infringement. There would still be ways to go around a ban even if it would be illegal. So the best way for them is to create something that can rival Bitcoin which is absurd because they're against this same coin yet making a replica.
They hope to use their creation to fight Bitcoin. Well, good luck with that.

The question is yes in a twisted way. But also no. People are already comfortable with the traditional cash method. But the government is shoving CBDC in people's throats. Those who are comfortable with using CBDC will use it. But those who are not, they will learn somehow.  A step towards the digital world I should say. This is where my answer is yes. Because many people will learn the idea of using digital assets. That's a good thing. But if they realize that the government is using this CBDC to take more control over people, they will lean towards a more secure option. Something that will give them freedom. What's better than Bitcoin? I am sure this will lead to something good. But that depends on whether people understand the manipulation of government or not.

But if it didn't exist, then there was no need. Slowly but surely every person will understand the value of bitcoin and what it can offer. Then they will move towards BTC. But as it exists, I think it is somehow good. But it all depends on that one thing.

Nobody needs CBDC’s. The world is perfectly fine without them. The governments need CBDC’s because they want to control everyone’s finances. Bitcoin is the complete opposite of CBDC’s because it doesn’t take freedom from people, it gives it to them. The govs can freeze our funds whenever they like if we switch to CBDC’s. Something like that will never happen to you with btc. We should all protest against CBDC’s and maybe the govs will step back and forget this stupid idea. Say no to fascism, say no to CBDC’s.

Simply, they want to control you more easily, and those who find ways to avoid taxation in different ways will be punished or caught using this system. But as said before it is optional and people can choose to use it and ignore it so I think it is not that efficient to keep track of the money. The best benefit of this technology is, that it will eliminate the corruption from roots if implemented correctly and at the right places.

For example at political funds or institutional platforms, they should also provide us the data publicly visible to us so that people can audit the transactions on their own in CBDC.

You are right, CBDC and the ETFs are the branches of the same tree which belong to centralized authorities. And we should avoid their usage at the professional level like for making transactions at the international level. Because we are BTC users and we should value our privacy.

It's like a diversion tactic from them because they can't defeat the real decentralization that's happening through the revolution of cryptocurrencies. Do we need CBDCs? No, the government needs them because that will show that they can control whatever they want to control. But as for us, we've gone through with that and done with it. Let themselves apply, invest, and work on it so that we'll have another laughing stock for which they've done way worse than the earliest and darkest days of Bitcoin.

We never needed a CBDC after the creation of Bitcoin. A CBDC would have been a regulatory improvement for fiat and only for fiat. But then we would have a broken currency being endlessly printed by the government with an China level of financial dystopia where the government has to approve the things you can or cannot buy, depending on the laws and your own social credit score. Its disgusting and inhumane.

Bitcoin is the hero we need. And we should remember that.

I am not sure why you are comparing between cbdc and cryptocurrency. They are structurally very different. Criptocurrencies are decentralized without any Central issuing authority and cbdc are just digital representation of Fiat money. So these cannot be compared.

While we do not need cbdc but from the perspective of a government it has multifold benefits. As a citizen you lose your financial freedom and as a government they get a birds eye view of your finance. So its better to prepare mentally to adopt cbdc in very near future.

Well then if so it means btc was a con as it helped people think digital and then the governments of the world will do cbdc.

So my idea that satoshi was the CIA or some secret agency with a plan is bolstered yet again.  Get people to used btc  then force them to use cbdc.

It would mean btw's sole purpose was to create cbdc down the road.


we could be truly fucked.

 or not. time will tell.

You misunderstood me. It's more like good technology created a monster. It happened when the state systems realized that it is difficult to fight cryptocurrencies, but it can be used for their "benefit". That's what happens in our lives. The energy of the atom can serve mankind, giving people light, heat, energy. And it can also kill massively... Like any entity, this technology has two sides. Alas, dualism accompanies us everywhere.

One of the limiting factors for Bitcoin is the capacity of the network and even the total volume of bitcoin in existence. You could argue that Bitcoin itself suffers from a form of inflation, because every year a certain amount of coins will be lost for a whole variety of reasons, from dust left over in transactions to wallets lost by owners. This makes it hard to realistically fit all the transactions that even small countries need on to the existing blockchain at a reasonable level. Certain countries may choose to take on a CBDC project to experiment with creating a truly digital currency but need it in a more contained and sterile environment compared to the constant fluctuations you see on pre-existing crypto

You can't compare those. It's fiat money and btc is not going to replace fiat money as it's by design not designed for that. Ability to print money or inflation if a system that can help governments in crisis situations, if done correctly. Only inflationary money can do this, not deflationary or money with fixed supply. Bitcoin is good for other things but it's not benefiting any government over fiat money.

Also there would definitely be issue with those permissionless immutable transactions in transparent network, which is the whole point of bitcoin.

And do we need cbdc over current systems? Probably. It would be helpful system against money laundering and one tool to keep corruption in check.

Every country comes up with some reason for the development of CBDC. Some countries have joined together and planned for common CBDC, so that it can be used in cross border settlements with ease and in a cost effective way. However the main objective of governments is to keep things under control and make people avoid the usage of bitcoin and other cryptocurrencies.

Governments have well understood about bitcoin, growth, widespread and increasing popularity among common people, also they know it isn't possible to down the growth of bitcoin with the development of CBDC. Bitcoin does everything in a better way than the CBDC and it isn't necessary.

It's contradictary statement that CBDC is a centralized form of bitcoin. First thing is that CBDCs are not volatile, meaning it just represents the country's currency in online system where the world is trying to leap right now. Second, is that Bitcoin became an asset rather than currency. We need both to be honest, use bitcoin as an asset for future gains and CBDC for day to day living making cashless payments, hassle-less payments, P2P transactions, etc. I don't think it's going to fail, the government is trying to upscale and upgrade the system we currently using, and  of course it is their duty to keep it centralized and avoid any anomaly in the society. Governing body over us isn't a bad thing.
 

We know, and the government knows, that we don’t need CBDC since it is controlled by them and cannot be compared to bitcoin, which is not regulated by any authority. As people are embracing digital currency and increasing its global usage, the government will want to create a competition to reduce the usage of the decentralised currency by spreading false information about it so that people will switch to its alternative, which is this CBDC. CBDC is merely a ploy to track the use of people's funds in transactions that they cannot track using bitcoin.

CBDCs are only a way for governments to keep their eye on you and your transactions. I don't think it is needed at any cost unless there is no system to pay online and CBDC is the only option left. Besides that, CBDC also cannot come into existence without pegging it to printed money of the specific country and it's not easily possible to know how much exactly is circulating there.

CBDC's are distractions to take your attention from what is the important thing which is bitcoins. CBDC's is what the government wants to use to deceive people not to use bitcoins and cryptocurrency for transactions. The creation of CBDC's is to ensure that they do not loose their third party grip that they have on the financial life of the citizens. In my opinion, they are unnecessary and maybe the next stage in evolution for the banks, but for us, bitcoin is what is next for us not CBDC's.

I don't see the usefulness of CBDC over fiat. The government is only using CBDC as the digital version of their money and therefore it won't replace fiat. Fiat is going nowhere because of its traditional role it does, there are things you need to buy and you don't need either btc or CBDC. Also, countries that are yet to have CBDC may prefer to rely on usdt or other stable coins instead. So whether the government choose to use CBDC or not, fiat will still be around.

You're raising the question here. You'll probably receive a resounding no as an answer. You raise the same question somewhere else and the answer could possibly be a resounding yes.

The world has grown digital. Fiat will also have to adapt. This is not just a matter of relevance but also of efficiency, not just from the point of view of finance and business people but also of law enforcers. So if I were somebody who belongs to these categories, I'd also be saying yes.

But since I have already encountered Bitcoin and has gone a little bit deep down the rabbit hole, I'd say no. But my no is not just on CBDC but also on fiat in general. Nobody in the Bitcoin community would probably say yes to fiat and no to CBDC.

Therefore, the debate on CBDC belongs to the fiat community. To the Bitcoin community, CBDC is similar to fiat. It's just a change of form. Therefore, by saying no to fiat, the necessary implication is that we're also saying no to CBDC.

I agree with that: the first idea that comes to mind when we think about cbdc's is that it is a way to compete with cryptos (mainly stablecoins), which can be also true in the future, but as per now I think that it is more a maneuver to make fiat (and financial control institutions) look cool. Younger people is learning about blockchain, and legacy institutions don't want to look archaic for them. Of course, goals and strategies vary between countries, but the idea of the digital representation is quite on point.

This is an example of the proverb ‘if you cannot beat them, join them’ governments all around the world have tried all kind of strategies to eradicate or to at least slow down bitcoin and they have failed, so what they are trying now is to create their own coins hoping to dupe enough people into thinking their centralized coins are better than bitcoin, but even if they could achieve their objective and deceive a lot of people, they will never deceive us and we will keep using bitcoin regardless of any strategy they may come up to counter it.

They have failed to contain bitcoin so maybe they try to control it by introducing this new coin. But I doubt this can eliminate bitcoin since to many challenges has been passed and even government cannot move it until it get no demand. But for sure their are people will adopt this coin since some may think that centralize coins is good coin to have but it will just be traded together on exchange so most provably this CBDC will became another alternative coins like USDT and other stable coins. Those people who want to control the industry cannot really deceive people about its existence but rather they will continue to adopt bitcoin for betterment especially for profit generation, people know that bitcoin could give them more better profit rather than holding a coin created by them.

The idea is completely different - digital slavery, because now, the one who controls cash flows controls people/the world. Everything that officials and the media say is a “sweet lie” for listeners.

I don't see a connection between the two. What did you want to say?

They didn't even try. This is completely unnecessary for them and is at odds with their interests.

Worrying, you say? It's time to panic en masse! :)

Does anyone ask us about this? Governments decided this without the participation of the people and without waiting for an answer.

In fact, crypto community doesn't need CBDC at all, because we have something better - BTCitcoin. I don’t have this big question and everything is obvious to me.

No we don't, but as a people who already understand and adopt bitcoin we are never the 'target market'. CBDC was initiated by the Governments and their target market was people who either never heard of Bitcoin, or people who knows Bitcoin but they still don't understand completely and it makes them don't have trust on Bitcoin. With CBDC government will lure those people to stay away from decentralize cryptocurrency like Bitcoin and it's will make them still has some control over people's money.

The Decentralised cryptocurrencies doesn't need CBDC at all..
Every decisions today were brought up by the government and i don't see a reason why the  crypto community will buy into any of such ideas cause they all there for their selfish interests.

On a norms the government was emersed for the people,by the people and of the people but they have choosed to run it their own way cause they know cryptocurrencies is taken over gradually.so they are supposed to confide in the people for anything rather than taking their own decisions by themselves and the law to their hands.

In respective of Bitcoin I believe they are not smiling cause they are observing the unusual and substantial growth of Bitcoin and they all know how it will erase all other currencies so they won't hesitate to do their wish.
So I think we all need to raise our eyes and wash and know when to act.

Me personally: No. In fact, I have not found anywhere that the implementation of CBDC is based on the aspirations of citizens.

Each country's version of CBDC can be different, some do adopt some crypto features such as blockchain which is transparent and allows it to be private or are also completely different like China's CBDC.

Looking at the current conditions, I honestly doubt the government's intention is like that because what I see from the creation of CBDC is only to widen their power because they are aware that with the presence of cryptocurrency they will find it difficult to regulate the finances of those who use it. with the CBDC their hope is to still be able to control some people who are here as a form of symbol of their power and indirectly they actually want to create a counterpoint to bitcoin even though those of us who are already here know that things like this cannot be compared.

We (as in me, you, most people on this forum) do not need or want a CBDC but that won’t stop our governments from trying to force them on us. It’s not about what the people need or what is helpful, it’s about control. They can control large aspects of our lives by bringing in CBDC’s. We have an advantage though because we are in bitcoin & crypto early. Prepare yourselves accordingly, you still have time.

I was listening to the radio the other day (AM talk radio to be precise) and the host was talking to some guy who mentioned almost in passing that it was a fact that the US government is soon going to recall all physical currency and implement a CBDC.  Mind you, I was driving when I heard this and I swear I almost drove right off the road.

When I got home, I made a bee-line to my computer and did some googling to see if that was true.  I got down on my knees and prayed to my fallen angel of choice that it was some sort of hoax or rumor that isn't true (https://www.snopes.com/fact-check/executive-order-14067-biden-bucks/).

As to OP's question.  Governments want to control the currency their citizens use.  With bitcoin they can't do that.  It's just that simple.

With the amount of data collection and surveillance there is with the current platforms we have (in order to improve and make targeted advertisement and other things), a CBDC would prove to be a big tool for the governments and even corporations to insentivize consumption and credit, instead or savings and investments.

In reality, we do not need those CBDCs, the systems we have already comply with their designed function, but there is always to push some more control over personal finances...

We could be able to see different reasons putforth by the government and other financial authorities on the need for CBDC. No one says the truth, they want the control over the monetary system for which they keep praising CBDC in different style. People who hadn't known the real face of the government will easily fall thinking it as an advancement that is for the people's betterment in money management.

A government says, it could lower the dependence over the paper money. They never state the truth, it is the technology based usage of cash. Mention it as low cost for transaction and the ease of settlement. Mainly the profit got through cutting of paper money production were mentioned. When a banking authority were asked about the need of the CBDC, they mention as to go along with the technology and provide users with the safe technology and not fall for cryptocurrencies. CBDC isn't needed, because the CBDC is a way to control people as well as generate revenue serving as a centralized entity.

People still don't realize how dangerous CBDC really is. Money is the power and by giving them complete control on currencies, we simply put on a dog harness and give a rope to them, giving an ethernal control.

They will probably give away some free money but it's funny how people will have to pay for that. Their $100 will become $85 in upcoming years and that $25 will be paid back immediately with some % inflation. And people will never be able to protest because they will lose everything.

What worries me is that the governments of countries are now actively testing their CBDCs. I get the impression that some kind of large-scale preparation is underway for something bad. If they really want to take out all the cash and leave only CBDC in circulation, it will be damn bad, I don’t understand how they are going to do it, but I don’t even want to think about the consequences. Governments will gain enormous control over the finances of citizens, and as a result, over their freedom of action.

In this case, Bitcoin should become our salvation.

Essentially, CBDCs are only needed by the government to completely control and manage the lives of citizens. Bitcoin, in my opinion, was created to accustom people to digital money. That was the first stage.  Now states are moving on to the second stage of complete enslavement of people - CBDC. But will bitcoin be needed by the state when CBDC is successfully implemented, or will they try to destroy it?

We don't. But the government needs to have a control over the digital currency world so they will continue to push for CBDCs even though there's no real need for it. They wanted to penetrate the crypto market as much as they could and it's not like they could create an altcoin cause that would be too fishy, so in order to formally establish themselves in the crypto scene without worries, they would have to create a sub-industry within the crypto world that would serve as their anchor in there, hence the CBDCs.

I don't think there's any cause for concern regarding CBDCs as they don't necessarily disrupt the market as it is, after all most of them are thought to be pegged to the country's national currency so it's bound to be stable, but there is a great chance that in the future, as more and more people use them in place of stablecoins they may hold a large amount of standing in the market that ditching them would be impossible.

that is true, we actually don't need CBDCs. however, for the sake of adoption from the government sector, they need to push thru this route.
well, it won't harm the crypto market as they have different purpose to serve. and also, i highly believe that it can pave the way of more crypto adoption as these users will uncover the true benefits of dealing with other cryptocurrencies when compared to the government-controlled CBDC.

It is not investors in this industry who demanded CBDC but the governments of those country where it originated. It is simply their way to earn from transactions given that most of the cryptocurrencies are decentralized including Bitcoin.Given that Bitcoin and other cryptos are not yet that ‘free’ to be used on transactions, CBDCs are being offered as an alternative for conversion and for transactions concerning fiat.In this industry, Bitcoin and the likes will still be needed. Moving completely to CBDC has nothing much of a difference with using Fiat. For now, making it an alternative is what we can do as consumers and investors but let us hope for a better future for this industry.

Right now the adoption of CBDCs is voluntary, however you can be sure that if a crisis comes that puts fiat currencies at risk then it will become mandatory to use CBDCs, and that is when things can get really bad, as the amount of control governments will have over the whole economy and each individual will be simply too much, but ironically this could lead people to finally appreciate the characteristics of bitcoin as a currency.

Once CBDC is released and the government forces us to use it, things will be much worse than they are now. Our privacy will be seriously violated and we will no longer have privacy if CBDC completely replaces fiat currency. Furthermore, we will not have the choice of CBDC or cash, the government will definitely issue it whether we want it or not. But maybe you're right, when CBDC makes people feel like they've lost all freedom, it will most likely boost the popularity of bitcoin and I hope the government won't ban bitcoin because of that.

Although you have a point, I doubt they'll replace fiat currency fot CBDC, at least not in the near future. Replacing fiat currency will take a lot of time and changes, not only for the people but the law as well. Hence, I don't think the government will be able to force us to use CBDC for now or in the next few years.

From the perspective of BTC enthusiasts, the existence of CBDCs may be seen as a nightmare. However, up to this point, it's the government that holds the reins of adequate infrastructure growth to cater to user needs. Therefore, CBDCs, in general, hold significance, even though the concern lies in the potential for arbitrary government actions.

If we rely solely on BTC for further development, it seems like it will take quite some time. Moreover, the next challenge is that many people are using BTC not for transactions but as an investment due to its uncontrollable volatility. I still hold respect for BTC as the trailblazer, but the government has a different stance by embracing CBDCs.

Total volume of coins does not matter, nor has it ever mattered for purposes of a currency. As long as an individual coin can be adequately divided, the purchasing power each coin provides is what counts.

Whatever coins are lost along the way makes the coins that are already on the moveable more valuable. Bitcoin doesn't have a fixed value and so the fixed supply isn't a limiting principle.

If I may answer you question, I will say yes we need it. Before then let highlight one of the reason of the creation of CBDC. In my country CBDC was created after a very serious protest by the youth to end police brutality. And in the protest the youth spent lot of money for the feeding of protesters on the streets for day and night and also providing materials for the protest. So after the protest, country Government was trying to arrest some of the key players of the protest and seized their Sources of income and funding but they discovered that the youth was using bitcoin to fund the whole action.

So when they saw that the youth digital currency to make their transactions, they created the CBDC and till today the uses is very low. But when I looked at it. It is good to use it because it makes transaction easy and if the country support bitcoin then CBDC will be very sweet because the transaction will be nice.

There's a devious plan by the WEF that wants to implement total control of citizens and some countries are test grounds for that.
The deal is to track people using cameras and digital IDs and they've already tested this during COVID when they tried to make people use curfew tracking apps. In the EU these apps were mandatory, but you could easily weasel out of them by claiming your phone has no Internet access or cannot install apps.
If you were dumb enough to install them, they promised to make your curfew tracking easy, as you'd have a counter on your phone telling you how long you have to stay at home, and the app allowed you to report yourself as sick with just a few clicks. The downside of this was that the app required you to take a selfie and upload to their database, so they can easily come to your house and check if the person inside is the one that's supposed to be locked in, and track your phone to know if you're away from your "prison."
In the long run this was supposed to be a way to track your movement within your "15 minute zones" so that you can be charged additional tax for traveling too much and polluting the planet :D
CBDCs are another step in that direction and each of these steps is tested somewhere else.
Cash was recalled in Sweden, 15 min cities were tested in the UK, social scoring is tested in China and Canada tried control through account locking.

The government has a need to issue CBDC to compete against the growing popularity and usage of cryptocurrency but as people, i do not think there is a need for that not because there are already Bitcoin but because financial institutions had already engaged in digital transfer through online banking.  I believe CBDC is the action of the government to say they are updated of the current happening in financial sector.

I've watched a video today where a guy was complaining that people fight against 15 minute cities and CBDC since it's all good and made for their convenience.
He also referred to people who do it as "libertarian crypto bros." What does this name even mean? Do all libertarian like cryptos, or maybe crypto fans are libertarians according to that man, but the strangest thing is that libertarians are attacked as people who don't like progress because it limits their freedom.
Sounds like something a slave owner would say to his slaves -you people don't know what progress is, but I want all the best for you! I want you to be happy and I don't want you to travel very far. You've got all the things you need here on my farm!

The action of the government indeed. CBDC is supposed to confuse people into thinking that crypto currency is a scam project and not real to invest in.
CBDC is also digital money, but it fails to provide an opportunity to those without money to earn. This is one area in which BTC has won and why it is clearly distinct from the CBDC.

Personally I don’t think there will ever be a time where we as a people will need CBDCs. This is a project of the government for their own selfish interests. It’s the ultimate tool of a totalitarian government, when CBDCs becomes a norm and the government has complete control over your money, any opposition to the rule of the government will be easily snuffed out. It is modern day slavery in my opinion.

Of course government would always want to stick with what they can control and the power of fiat yo set in motion various conditions that they need functional within their jurisdiction. I can’t blame the government for that and in fact, it’s what should be the case. Bitcoin shouldn’t be an exclusive idea as, it’s supposed to be complementary on the exiting fiat and let’s not soon forget, Bitcoin has got its limitations too for which fiat can fill in.

One thing I’ve noted is how citizens seems yo blame the government over any effect from a bad decision and with that, how can the government manage effects from a commodity they can’t control. It would be a world of noise should any negative effect arise from that.

CBDC is digital fiat and as such, having to recall any physical fiat paper money in circulation to fully implement the CBDC would be such a bad decision as by some means, you cut out the population that uses it which includes a the physically challenged. Let’s not forget, there are those that can’t use internet enabled device even when they are aware of its existence.

Most governments are now trying to issue their CBDCs primarily in order to maximize the efficiency of their cashless financial system. At the same time, the amount of cash will decrease, since servicing them is very expensive for the state. But it is unlikely that it will come to the complete removal of paper money from circulation. A certain part of society will not be ready for this for a long time.

Decentralized cryptocurrency will continue to exist alongside the national currency of states, and states will try through various regulatory methods to limit the growing influence of cryptocurrency on society. This will be a long process with varying success.

For now, based on what I have learned regarding CBDC, the conclusion in my opinion is that we don't really need CBDC. Because even the current banking system can now carry out digital transactions with fiat currency. Even now in big cities people are starting to rarely carry cash. Now payments are even more often made with E-Wallets, debit/credit cards, M-Banking and others such as digital wallets and the like. So I think CBDC will only make us have less and less privacy in our own money ownership. So financial privacy will really be reduced. Meanwhile, every human being has the right to have their own privacy in every matter, such as finances and other personal lives. And if ordinary fiat is replaced with CBDC in the next generation, perhaps financial privacy will really be lost.
But I also know that there is a positive impact from the presence of CBDC. Like being able to prevent corruption and the like. But remember, humans always have their own ways of hiding from surveillance systems.
But I prefer fiat now. And for digital, of course there are bitcoin and stablecoins.

But if CBDC can still protect our privacy then perhaps CBDC will have more positive support.

Everyone can see the condition and situation of the surrounding environment or the condition of the population in their own country in the interior or remote villages so it is clear that not all people will be truly ready for the implementation of this CBDC at the same time. Because if the paper money which is still commonly used by rural communities is immediately abolished by the government, it might make things difficult for them because they are not used to digital currency or anything like that.

Several countries will continue to develop CBDC to align cash users with non-cash users and it is very likely that decentralized cryptocurrencies will continue to run alongside other currencies. Both cash and non-cash models, because decentralized cryptocurrencies can also be used like non-cash currencies so they can be used to pay for goods or services as many people have done through non-cash and cash.

Now, there are some countries are developing their national CBDCs and they are pioneers in CBDCs and you can follow CBDC developments with two trackers [1, 2]. I believe with success of blockchain, CBDCs will be applied in all nations globally in future.

[Guide] All about Central Bank Digital Currency (https://bitcointalk.org/index.php?topic=5288713.0).

[1] https://cbdctracker.org/
[2] https://www.atlanticcouncil.org/cbdctracker/

The question from OP is not insightful and it is like a question, do we need altcoins (alternate cryptocurrencies) when Bitcoin already exist and succeed?

You're repeating the lies that CBDC promoters are spreading like the one that you will have some privacy. Wasn't it the head of the European Central Bank that said it? She literally said that you will have "some" privacy, so she knows most of it will be gone when CBDCs get introduced. The same woman also claimed inflation is caused by global warming :D Do you really trust these people with your freedom, privacy and money? I don't.

The only thing CBDCs will protect is the government's ability to suppress any opposition.

As far as I can see, I did that because someone with a plan wanted to seize the position that Bitcoin is in now. We know that no one can imitate the design of Bitcoin in reality; only because of decentralization can they do that anymore. That's why they couldn't control Bitcoin for 14 years since it was created.

CBDC is still under manipulation; in fact, they are just pretending it is more than Bitcoin. But in reality, it's not, so anyone should be smart. That's why I don't believe in what CBDC can do, to be honest.

The government controlling what it can, especially in the banking sector, is practical, right? Correct that the government wants fiat control to manage diverse conditions in their jurisdiction. With its regulatory and stabilizing capabilities, fiat currency has helped governments regulate economic conditions. Bitcoin's decentralization makes this difficult, right?

As you noted, Bitcoin has limitations despite its innovation and potential. It's not a one-size-fits-all answer or exclusive idea. It should supplement financial systems, not replace them. Your CBDC insights are insightful. The shift from physical fiat to digital currency must include all populations, including those without internet access or physical disabilities. Can we assure no one is left behind by the digital shift? It's vital to answer so innovations are accessible and useful to all

Your concerns concerning the inclusiveness of digital currencies such as CBDCs are legitimate. A digital currency transition should stress accessibility and inclusivity for all parts of society. CBDC systems must be inclusive and give alternatives for individuals who cannot utilize digital devices, according to governments and central banks. The objective should be to capitalize on the advantages of digital currencies while ensuring that everyone has access to the expanding financial landscape.

Short answer is no, CBDC is just an attempt by the government to ride the hype that bitcoin and cryptocurrency has generated over the years and the government doesn't really need to be that smart to know that if people like get rich quick schemes in crypto space, they must know to join that in hopes that they can lure some of these suckers.

Yes, I just said that they will find a way to replace cash with CBDC but that doesn't mean that will happen anytime soon. Although we are developing rapidly, there are still many limitations, many parts of the world still do not have internet or many people have difficulty using smartphones, especially the elderly or people with disabilities...So implementing CBDC and completely eliminating cash will not happen anytime soon, but I believe that is their goal as our world is becoming more digital.

Many years ago, we were still completely dependent on cash, but now online payments are gradually becoming more dominant, so in the distant future, it is inevitable that cash will be gradually eliminated.

With how extensive surveillance already is over people's financial activity, CBDCs really are not even needed. CBDCs are controversial so it is unlikely that we will see them anytime soon. However, in order to maintain control governments will resort to enacting stricter regulations around financial services. Just look at how rare non-KYC crypto exchanges are becoming. Bitcoin was meant to provide better privacy and control when compared to fiat but transacting with it through centralized intermediaries often requires providing an extensive amount of personal information. This information can be used to keep track of you in order to restrict how you are allowed to use your own money.

We do not "need" it at all, governments do. That is the point of this creation, not that any big nation has ever done it yet, but that doesn't mean that we are not going to see it happen, we are going to see it change a lot more in the near future. I think it is quite important to realize that the best way to approach this would be impossible to let it be and governments can see that tens of billions of dollars go into tether and other stable ones so they want to make sure that they get that money instead.

This means that we are going to end up with something that would not make sense for that much time, it is going to be something that would be a bit harder to handle and we need to make sure that we could cause a lot of benefit for them, that is the only reason they created it.

I would put the question another way. Does the state need bitcoin if the state has CBDC? The likely answer to that is doubtful. Bitcoin acts as a competitor to CBDC, so the green light that the state hypocritically gives to bitcoin now could change to a red light at any moment. I personally never trust the state

Whatever crisis that may be, unless it's the dwindling of resources used to create greenbacks I don't think CBDCs will be exempted to it. Plus it's going to cause a massive public outcry if they decide to push CBDCs so bad, so they're forced to be in this delicate balance of making sure that the fiat maximalists are appeased, as they push for digital currencies to be used more often. Mandatory use of CBDCs wouldn't happen in most countries as that would bar indigenous people and marginalized communities from ever getting into the economy, and that's going to stir a lot of trouble which I'm pretty sure the government doesn't want. So they'll be very careful here, and I'm pretty positive that greenbacks will continue to exist even as CBDCs take the whole economy.

Yes maybe, and only used to introduce to the people who don't know what crypto is. As we know, CBDC is another form of centralization, the government tries to change the form of crypto from decentralization to centralization like fiat. but the point is we can't agree with what they doing to the people. We shouldn't be trapped if they support the crypto where the real fact is their economic enemy. Actually today, several governments are planning to make the crypto being to a fiat system. They backed it with fiat and immediately changed the cryptosystem without us realizing it. We just miss up, and hype the government to adopt the crypto where in fact they wash our minds if making crypto like the fiat system.

That is a fact, and Maybe USDT is their program without us realizing it.

Well, like that. That's why I said that I don't need a CBDC. Because CBDC does not offer privacy rights to users holding CBDC money later. Because it is centralized and I think the CBDC system is too transparent. If Bitcoin offers only transparency in transactions. But privacy is maintained. Well, this CBDC offers transparent transactions but privacy is maybe also not maintained. This is what makes me and maybe many other people not interested in CBDC. But as I said at the end of my previous reply. That if CBDC can maintain privacy then that will be good and will definitely get a lot of support. But unfortunately all of that is impossible to happen. Because everything was created to make it more centralized and easier to track the flow of money itself. Because there will be nothing left to hide. And I don't think i need this. Because fiat is now far from enough.

But perhaps only those of us who think like this know and are familiar with crypto and bitcoin. But we have to know that there are many people out there who don't know about bitcoin and about decentralization. So they will definitely support CBDC. and the number of people who haven't gotten into bitcoin is huge.

I was also thinking of this. Although there are already some countries that legally acknowledge Bitcoin and some that are fine with it despite not having a formal legal policy or acknowledgement regarding it (like here in the country where I live in where even politicians and public figures are loud about holding and trading Bitcoin but no news or updates regarding Bitcoin being banned or legalize is happening) I think once CBDC gets adopted by many countries Bitcoin will be tagged as a red flag for the government. We can think of CBDC as the government's way to advocate and offer digital currency but not by way of Bitcoin but through their own system-one that they can control.

We do not actually need CBDC but the government needs it to control and sensor us. Meanwhile, I think that there is no comparison between CBDC and bitcoin. These two are totally on different lanes. While there is a close relationship between CBDC and some stable coins pegged at country's fiat. Just like that of USDT and USD, naira and e-naira. Bitcoin its own is purely decentralized and has no influence of the government.

Even if we do not need CBDCs, I have the feeling that we all would soon be forced to like it and the only way to escape the compulsion is decentralisation.

Bitcoin exist first, the government just made CBDC in the last few years. So, CBDC seems to act as the competitor of Bitcoin. But it will never has the ability to compete Bitcoin because it has no value as well as Bitcoin. For me CBDC is a digital form of government currency it has no difference with fiats.

Regarding the red light for Bitcoin, it already happens many times. We must remember that there are some countries that ever ban Bitcoin and other crypto coins. Now, they may not ban Bitcoin and other crypto coins, but they can announce to ban again at any time. It depends on what the advantage get by the government from legalizing or banning crypto.

Bitcoin, the cryptocurrency pioneer, was a pioneer, right? Whether CBDCs can compete with Bitcoin is intriguing. CBDCs are digital fiat currencies, but they lack Bitcoin's decentralization. Does decentralization determine value?

Bitcoin has had its red lights, no doubt. Cryptocurrencies have been accepted and banned by governments, creating a legal rollercoaster. What motivates these choices? Is it government advantage or a more complex financial control and economic stability network? Governments' changing views on Bitcoin and other cryptocurrencies are fascinating. Will decentralized and centralized digital currencies coexist? The scales tip, and we anxiously await their next landing.

Why is bitcoin red flagged if CBDCs become popular when most countries only accept and legalize bitcoin as an asset and not a currency? Bitcoin is an asset, CBDC is still the main currency of the economy, so is there any competition between the two for the government to ban it again? Both are not created to compete with each other, they both have different use cases so it cannot be said that governments will seek to ban bitcoin once CBDCs become popular.

CBDC will perform the same function that fiat money currently performs, nothing will change for the consumer, but at the same time, governments will try to convince how much better CBDC is than Bitcoin. They will take some advantages, such as transaction speed, and perhaps fees, as a basis and will convince them that Bitcoin is already the past, and digital currencies are the future. Although the advantages of Bitcoin will be obvious to anyone who studies it.

The thing that the government is afraid of is bitcoin and decentralization is becoming increasingly massive, CBDC is of course something that the government can offer to make it easy for the government to control financial circulation, of course we can't think that CBDC is a bad thing because finances must be able to be controlled so that people continue to trust increase.

As I said, bitcoin is an asset, not a payment method or currency, so comparing fees and transaction speeds would be meaningless. Furthermore, if they intentionally compare the two, it will only show their stupidity because even if they compare and explain, everyone will know that bitcoin is decentralized. That feature alone would be enough for bitcoin to beat a government CBDC, so I don't think the government would compare the two. As you said, CBCD is just a digital version of fiat, so let it continue the role of fiat money.

CBDC concept isn't new and already in the circulation even in countries like China but do you really see CBDC as a threat to bitcoin?

Nah, it doesn't even has the ability to take down the paper money..,

CBDC is another bad thing that the government is using to control us more and they have no good intentions at all. Bitcoin was created to help us reduce the control the government has over us, so it would be naive to think that CBDCs were created to help increase people's trust. With fiat, cash, we can still have some privacy but with CBDC, our privacy will end. The government can control your entire life, even the smallest things. So don't be happy when they release CBCD.

And that is the danger CBDCs represent, for decades governments have waged a war against cash with the excuse they are trying to reduce the crime rate, but their real goal is to eliminate cash so they can track everything you do with your money, and now they are trying to twist cryptocurrencies, which were supposed to be a tool for individual freedom, into a tool to control us even further, will they succeed? I hope not, but for that we will need people not only to adopt bitcoin but to do so while understanding its real goal.

From my thinking CBDC will not be that serious a threat to Bitcoin, because Bitcoin has stood so firmly in the crypto space and also in all markets that it will be difficult for anything to compete with. Everyone can see how the presence of many altcoins in the crypto space has entered the market to compete with Bitcoin, but all of them cannot fight Bitcoin and in fact Bitcoin can continue to grow with an increasing number of users every year.

So the presence of the CBDC concept will not be a threat at all to Bitcoin because the change is only in the usage model from physical money to digital money in a social environment where the value remains the same, while Bitcoin will continue to run as usual with the development of more and more users.

As long as governments still control this world, CBDCs and fiat currencies will remain the main currencies in commodity exchange. Even as bitcoin becomes more popular, it will be difficult for us to escape their control, what we can do is rely on bitcoin to reduce their surveillance.

I think CBDC is something we cannot avoid whether we like it or not, so it is inevitable that we will be controlled more. I'm thinking the worst when cash disappears and all our transactions are done using CBDC. Our smallest transactions will be controlled by them.

We that are not new here already know that but if there is any thing they have in common, that would be; CBDC also operates under the blockchain so we can still call it as a cryptocurrency.

However it's true that stable coins are not far from CBDC. For Christ sake they shouldn't bother on creating CBDC anymore. This is only an added waste like a meme coin/shitcoin. Nice comparison though between CBDC and stable coins. Many are for sure can learn with it. BTW, another difference of CBDC and stable coins is that there are also some stable coins who are decentralized. DAI is one popular decentralized stable coin that I know.