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Author Topic: 2019-02-16 - Central Bank Digital Currencies Are a Trojan Horse for Bitcoin  (Read 135 times)
sowiteam (OP)
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February 16, 2019, 03:54:29 PM
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"Central bank digital currencies (CBDCs) and Bitcoin could scarcely be more different. One is permissioned, the other permissionless; one centralized, the other decentralized; one is censorable, the other censorship-resistant. Despite their dissimilarities, CBDCs might just be the best driver yet for Bitcoin adoption."


In a previous post i mentionned how JPM announcment + SEC possible listing of ETH and BTC would only accelerate adoption of Cryptocurrencies..

Masses will learn difference between centralized and decentralized faster and sooner than we can expect I guess

full article : https://news.bitcoin.com/central-bank-digital-currencies-are-a-trojan-horse-for-bitcoin/

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Betwrong
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February 16, 2019, 04:52:13 PM
 #2

The conclusion of this article(with which I agree)

As a rising tide raises all ships, increased adoption of digital currencies benefits Bitcoin. When users of central bank digital currencies tire of their limited functionality, lack of privacy, and susceptibility to censorship, they’ll come searching for an alternative means of sending money cheaply, quickly and permissonlessly and they’ll find Bitcoin.

contradicts its title imo. According to thefreedictionary


If you describe someone or something as a Trojan horse, you mean that they seem good or useful, but are really there to help something be harmed or destroyed in the future.


English is not my native language, so I may be wrong here, but I think that when people read "Central Bank Digital Currencies Are a Trojan Horse for Bitcoin" they perceive it as CBDCs can destroy Bitcoin in the future, while  the article meant to say exactly the opposite.

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sowiteam (OP)
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February 16, 2019, 06:48:34 PM
 #3

The conclusion of this article(with which I agree)

As a rising tide raises all ships, increased adoption of digital currencies benefits Bitcoin. When users of central bank digital currencies tire of their limited functionality, lack of privacy, and susceptibility to censorship, they’ll come searching for an alternative means of sending money cheaply, quickly and permissonlessly and they’ll find Bitcoin.

contradicts its title imo. According to thefreedictionary


If you describe someone or something as a Trojan horse, you mean that they seem good or useful, but are really there to help something be harmed or destroyed in the future.


English is not my native language, so I may be wrong here, but I think that when people read "Central Bank Digital Currencies Are a Trojan Horse for Bitcoin" they perceive it as CBDCs can destroy Bitcoin in the future, while  the article meant to say exactly the opposite.


Yup, the article is actually accurated but we do need to read it .... Tittle is controversive .. i agree with you ....
It s a meant I guess .... to catch on viewers .....

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