CBDCs are not an "opportunity". They'll likely offer you less than you have now.

[Lucius]

I honestly don't understand why people are actually looking forward by this.  People seem to think you'll be trading them on exchanges like you do with cryptocurrencies.  I think this is a little naive.

I don't think most people really understand what central bank cryptocurrencies are, so they probably think they'll be able to trade and make a profit - or they're so thrilled with the idea that they won't have to pay with banknotes anymore and that everything will be in digital form. But I don't see where the difference is between, say, mobile banking and their apps that allow you to transfer money quickly and instantly, and the fact that you do the same with CBDC - except that the Euro will be called the digital Euro.

When they're cherry-picking which parts of our technology they're going to utilise, do you really think they're going to keep the parts that benefit you?  Of course they won't.  They'll take any parts that allow them to monitor, surveil, record and document every single move you make.  That's all they're interested in.  CBDCs will give those in authority absolute and total control.  To be perfectly blunt, you're an absolute fool if you would unquestioningly welcome that proposition.  Whatever opportunities you thought it was going to give you, think again.  If anything it will likely take away some of the few rights you still have remaining.

You can really control people through money, and with CBDC it will really be brought to perfection - every transaction will be recorded and what little privacy is left will disappear. But I think that the adjustment will take some time, the banknotes will not just go out of use - although their use in many EU countries is already severely limited for cash transactions to a maximum of 10 000 EUR or even much less in some EU member states.

As for whether someone will accept it or not, I think most people will remain completely indifferent to it - it is not a proposal that people will be asked about - when it comes to the EU, 70% of all decisions are made in EU parliament - nation states have only a protocol role in all this (with a few exceptions).

[1715624439]

1715624439

[1715624439]

1715624439

[SaiyanSS3]

If that was the case then bitcoin and other cryptocurrency would be the same as CBDC since the early adopters did get a lot of profit from their hodlings. I would say that CBDC is the antithesis of bitcoin and what cryptocurrency should be, free of control and not useless outside the country's border.

Nope, it’s a double edged sword, those early in bitcoin would move to yet another ponzi which promise the same early adopter benefit, to kill bitcoin ponzi, create another ponzi that promise great profit for early adopter, of course the promise come from government is some of the most promising of all promises, government rarely exit their scam like most scams, also government provide the most stable income ever you can imagine, however you wouldn’t be the early no matter what.

Well, by your definition you said that the early adopters of CBDC is on a Ponzi isn't that the same as what happened with bitcoin, early adopters got in and profited big when moee people got in. I don't think that the government is going for an exit scam, they are going to continue the lie even though it is blatant because no one can stop them anyway.

You have underestimated how low can a person really can be just for the money, they’re willing to kill to get money, willing to go to wars, or devastating the entire nations, what’s more for just a CBDC, which is they have nothing to loss anyway, btw I’m not gonna guide you to be a person that behave like a Satan.

[ReiMomo]

This is true, CBDCs are already there. Digital Banks, digital transactions, and so on. This isn’t a new thing and I can tell, it is no change/new. It is still the same, principles and values still kept intact. The only difference is the convenience it gives when massively accepted.

The only issue I have with this is the privacy of transactions. Like every transaction is being traced, and it is no good with people who have things done.

You can’t compare the cryptocurrencies to CBDCs, it’s totally two different dimensions. Just imagine your phone being your wallet with the currency we have right now. That is basically it.

[Argoo]

I saw some people expressing hopes that CBDC's would replace banks, because they will offer faster and cheaper transactions, but if it would happen, that's absolutely not a good thing, it would be just more concentration of power by the state, and most countries would be one bad election away from having a dictatorship established, because the state will have full technological and legal capability tot deeply control daily aspects of out lives.

CBDS are issued and controlled by central banks. This is a product of central banks and therefore CBDS cannot replace banks. CBDS traffic will need to be regulated. After all, this is the same fiat money, only in digital form. The concept of banks and their functions is much broader than just digital money. CBDS is just an improved format of regular money and nothing will change significantly from their appearance.

[Sterbens]

You have underestimated how low can a person really can be just for the money, they’re willing to kill to get money, willing to go to wars, or devastating the entire nations, what’s more for just a CBDC, which is they have nothing to loss anyway, btw I’m not gonna guide you to be a person that behave like a Satan.

It is terrible what happened to the financial system which is currently controlled by a handful of people who claim to be the world's police. needs clash with lives at stake. against human rights as mere toys.
remain human, without having the vice of taking life.
We need money, but our life cannot be exchanged for money.

[Vishnu.Reang]

The only similarity between a Central Bank Digital Currency (CBDC) and a "true" cryptocurrency such as Bitcoin is that both of them are in digital format and use the Blockchain to conduct transactions. CBDC is essentially fiat currency in crypto format. Unlike Bitcoin, there is no limit on the maximum supply and the Blockchain will be controlled by a central entity. The entity will be able to revert transactions, and freeze the funds within any wallet as per it's liking. In short, you will get something like the PayPal USD.