CDBCs vs Bitcoin is a very interesting discussion to have. There are pros and cons to both. And to different sorts of users.
Pros and cons to both..
fuck that nonsense...
snap out of it cAPSLOCK...
There are no pros to CDBCs except from a panopticon perspective.. and yeah, maybe CBDCs would work good in an institution or in a jail..
and I refuse to consider citizens (or member of the populous) as either inmates or institutionalized....
Otherwise, you brought up good points in your post.. except that "pros and cons to both" bullshit.
Get a
damned grip.
You are, as you tend to do, inferring things I do not mean.
Well, don't say it then.
I was merely going by what you said, and how you chose to say it.
It should be clear what I think about the CDBC vs BTC debate which is coming, whether or not we want it to.
No it is not going to be clear, if you do not say it. Maybe some people can read between the lines or read your mind, but not this cat.
Here are some of the things they will say are reasons CDBCs are superior:
- Lost or stolen CDBCs can be replaced without cost
- Stolen CDBCs can be cancelled and be made unusable or even made to disappear.
- CDBCs retain the central authority of the central banks
- CDBCs can have programmed interest rates, including negative interest rates
- CDBCs can be locked to an individual identity
- CDBCs can be tracked at a granular level
- Terrorists and other criminals can be stopped from being able to use their money (as well as protesters the bankers do not like etc)
Oh gawd.. sounds like a slippery slope to me.
Fuck CBDCs and the pumping of them... especially in this thread.
I am against the pumping of CBDCs in this thread.. just like Arriemoller is against Chart Buddy... but I think that my position is more reasonable than Arriemoller's.... Just say no to CBDCs and their pumpenings, especially in this thread.
Another angle you know is going to get worked is the whole "social justice"/equity/privilege angle... and the people who bite are gonna bite hard.
*I* do not see ANY of those things in that list as a PRO. I see all of those things adding up to a draconian nightmare. But there are people who will see all those as advantages. Obviously the central bankers will. But so will ordinary citizens. A very smart person I know (she is a bitcoinner now) when I first explained how bitcoin worked immediately asked me this:
"So if my bitcoin are lost or stolen, that is 100% final? There is no way to get them back? I am not sure how to see this as better!"
It took a little while for me to explain that this settlement finality IS INDEED a feature, not a bug and while you can always add guarantees or insurance to a transaction, there is no way to add that level of finality to an asset that does not settle that way. You can always ADD a trusted third party (like a bank) but if they are in the equation by design you can never take them away.
If you are talking about bitcoin or ways to improve bitcoin, then great. Yes... bitcoin is going to retain some self-banking aspects and some third custody aspects, and the self-custody can be a lot of responsibility, just like if you lose the $100 that is in your wallet.. you cannot necessarily get it back.
The powers that be are going to sell CDBCs VERY HARD.
Sure they are, but should we be making their arguments for them? NO problem, if there might be some desires to talk about the issues including that a lot of folks believe that in early to mid 2021 (and seeming to continue) China had started a more intensive crackdown on various aspects related to bitcoin because they were considering bitcoin to be competition to their CBDC.. whether that is the full reason or only part of the reason, it does seem to fit within the story regarding why China has taken some of its recent hard public stances in regards to bitcoin.
And that list has some of the points they will use. PROs by THEIR definition, not mine. But we will need to be ready to expose those for the CONs they are.
Great.. .I am glad that you are planning to know your enemy.. Hopefully, you do not lose sight of what is bitcoin in the process.
Why are you showing us the shitcoin ethereum versus BTC charts? Is there some kind of relevance to anything that is meaningful and important in this world?
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