Why are some government officials like saying what they don't understand

[husnija]

we do not know behind the statement whether they also actually own crypto assets, ordinary people will definitely be affected by it but those who already understand technology don't care

[arwin100]

What government officials say about BTC might sound hilarious and/or ignorant,if you are an experienced Bitcoiner.
However,if you are a total noob and you are not even aware about Bitcoin,you would mostly likely listen to the government officials and believe in their words.
Many people,who aren't inside the crypto/Bitcoin world might believe the BS about Bitcoin being a threat to the national security and/or the financial system.
CBDCs might attract many financially ignorant people,who don't know and don't care about Bitcoin.
After all,the CBDCs are guaranteed by the central banks and they are digital currencies.What's not to like?
The "average Joe" won't care about decentralization,deflationary nature,secure transactions and all that stuff.

We can say that they are ignorant because they doesn't know things about technology and its expected for people to react badly for the thing they didn't know so this is expected for them knowing majority of the law makers is old cunt. But for other who knows about it for sure they think about technology and not those scammy things or bad things what they think about it. Maybe for now we cannot expect them to care about bitcoin but once the popularity of it will burst more for sure those guy will step up and file a law towards its adoption.

[palle11]

That's hilarious! It seems government officials are same all over the world. It's no exception here in my country as well. I have a misfortune to work with the beaurocrats for two years and I have observed and that 99% of these officials are stupid and have sky high ego. Moreover they prefer to act as a puppet to the politicians.

CBDCs can't replace crypto in any way! If some officials are thinking that way, then they themselves need to wake up and face the reality. Unfortunately, that's what makes the difference between progressive and regressive nations.

Politicians are the problem that the world is facing. They are double mouthed. They speak to favour government in power for favour, office uplift to be relevant to that particular government but after the government elasps, they grant interviews and you see them criticizing the government  They are the worse advisers of the government and because they see the difference in class status being narrowed from cryptocurrency investment by the lower class they struggle to fight it with the introduction of CBDC but because of their inept knowledge in blockchain and cryptographic encrypted technology they feel digital currency will
replace cryptocurrency.

[so98nn]

Ok I get it now. I think what they mean is, there are various platforms which are basically real world share market based broker who are now offering the trading options for crypto currencies as well. I think this has caused them to link bitcoin as one of the prime asset which is being traded in similar fashion to traditional commodities thus making it as part of regulated CBDC asset too.
If not then I believe it’s merely a way to showcase that bitcoin is causing lot of problems in financial circle and they don’t want it to be part of the same.

Well I would say it is what it is.

[Ceyflix-Rez]

Behold, some of them know exactly what crypto is all about but won't stop them from badmouthing crypto simply to create an entry point for them to invest, bad news still affects crypto till date as we know it so that's a weapon for power men across the globe

[Wipeout2097]

There are numerous reasons behind it since government think it'll increment the dark advertise and expansion will took put but they dont think almost the reality on the off chance that they didnt issue claim coin will confront numerous poblems since modern era will not halt to utilize the crypto and exchanging with it.Actually they do not truly get it what is Bitcoin or they get it the potential of decentralization within the cash so attempting to stifle it some time recently individual citizens realize it.More they will delay more issues will confront and endure from financial hurdles.

[Juse14]

This is something that is very funny because directly these officials show off their stupidity and make something as if they are right but wrong
I don't want to say only in one country because most governments in almost every country will have something like this
At least with them doing this I become a new joke and entertainment

They say proudly CBDC is the opposite of BTC. But on the other hand they don't know what BTC is. this is so funny lol.

[lumierre]

I absolutely agree with you. Bitcoin has a lot of advantages over fiat money. First of all, it is not prone to inflation. It has a limit and nobody can create more Bitcoin than 21.000.000 while fiat money can be released in large quantities and, as a result, they devalue. Secondly, Bitcoin is under the control of public, while fiat is controlled by the government.

[yhiaali3]

This is really ironic, what amazes me this political stupidity is widespread not only in reactionary countries but in developed countries as well, many civilized countries have done the same thing and they are both fighting bitcoin, I think the problem is not that they don't understand bitcoin but quite the opposite They fully understand Bitcoin, so they fight it with full force. They know that Bitcoin means decentralization and privacy, and they also know that it means financial freedom, and these are exactly the things that they want to prevent and deprive citizens of access to. But their lies no longer deceive anyone.

[michellee]

This is something that is very funny because directly these officials show off their stupidity and make something as if they are right but wrong
I don't want to say only in one country because most governments in almost every country will have something like this
At least with them doing this I become a new joke and entertainment

They say proudly CBDC is the opposite of BTC. But on the other hand they don't know what BTC is. this is so funny lol.

That is because they want to get sympathy from people by saying like that so people will believe that the government officials really know the current situation and conditions. Besides that, I think they have their own mission to say like that for themselves because they want to have a good name among their people so they can achieve their goals in the future.

But unfortunately, people become smart now and can think twice about what they heard and will not just believe what their government says. Besides that, some of those people have institutions that can investigate if their government officials saying the truth or doing a lie to their people.

[Poker Player]

I would interpret it to mean they intend to contrast bitcoin's decentralization with centralization. Bitcoin's deflation with inflation. Bitcoin's open ledger and transparency with zero transparency. And so on.

I think this is the key here. They simply want to fight the new system that is Bitcoin, holding on to the old system that is FIAT but making it digital. I think it is a mixture of ignorance in part and on the other hand of refusing to see reality, because deep down they know the essential difference between the Bitcoin and the old FIAT system that they represent, however much they want to digitize it and turn it into a shitcoin.

[beerlover]

Because they feel powerful whenever they say something and defend it. There is nothing you could do to change their minds because they believe that they are great and they are never wrong and that's at least the act they put on. They would not be able to find any solution to any problem in the world, we have seen absolutely zero improvement in nations for decades now, every politician in every nation works to just get themselves richer and that's it.

If they ever do anything that looks good, that is mainly because they want to get rich from it and that's it. They build a bridge? They get tens of millions of dollars bribe in it, they build a road? They get paid, they start a hospital? They put their family members as workers. No politician has done something that was 100% purely good in many decades. Hence they do not care if they know what CBDC is or if I they are right, they just care to get popular and get richer.

[oHnK]

Actually, I'm not surprised if Bank Indonesia said that, while on the other hand the President himself allowed the people to learn Crypto because it was part of the development of the times.  Basically, Bank Indonesia as the central bank really doesn't like the existence of BTC and other coins.  What's more, they consider crypto as a threat and an enemy because it disrupts financial stability in Indonesia.  So that the warning from Bank Indonesia continues to roll on crypto users.

[Lucius]

Title: CBDC is a tool to combat Bitcoin, says Bank of Indonesia exec
How can CBDCs combat bitcoin? CBDCs are fiats and nothing more, what is special about CBDCs than being more privacy depriving?

Ask yourself how many people can define Bitcoin in one or two simple sentences? I honestly doubt that this is perhaps between 1% and 2% of the total world population, and I may have exaggerated the estimate if we take into account that a large number of members of this forum do not distinguish Bitcoin from blockchain.

Herein lies the answer to your question “how can CBDC combat Bitcoin?” - very easily if the average person doesn’t know the difference between two diametrically different things. In addition, most people blindly trust governments and do whatever is asked of them, which means that they will believe that CBDC is better than BTC.

[Smartvirus]

I see this happening around me and get really pissed off. I mean, if you don't like a thing or get some sense of insecurity about something, the least that could be done is doing a proper research in order to know that thing in depth and satisfy that it isn't good for you! By doing that, you could clarify doubts and be able to present some really good arguments on that course other than working on a hunch. I wonder if people go with a hunch to a court of law. If no, why should the case with bitcoin or cryptocurrencies be any different.

I think most of the old forks in places of authority aren't just dynamic in there way of reasoning and doing things. I hot news of some senator in my locality to have been recently thought on how to use an android or smart phone. I mean, how can such a person appreciate technology? It's absurd what these guys do and how they reason. The world is rapidly changing and those that are too stiff to follow the trend, they should give more vibrant persons space.

[lixer]

Actually, I'm not surprised if Bank Indonesia said that, while on the other hand the President himself allowed the people to learn Crypto because it was part of the development of the times.  Basically, Bank Indonesia as the central bank really doesn't like the existence of BTC and other coins.  What's more, they consider crypto as a threat and an enemy because it disrupts financial stability in Indonesia.  So that the warning from Bank Indonesia continues to roll on crypto users.

I believe that in most nations the central bank and the president are two different power places and they can't do anything about each other. Obviously there are tons of dictatorships in the world where their money worths absolutely nothing at all but if it is democratic enough then central bank presidents could say anything they want without fearing what the president of the nation would respond.

Bank of Indonesia could fear bitcoin as much as they want to, any bank in the world could be fearing it as much as they want to, but that doesn't change the fact that they will have to accept the fact that bitcoin is here to stay and they will not be able to change that at all.

[Silberman]

Obviously, he really doesn't understand bitcoin or the so-called cbdc otherwise he won't make such a statement, how do you combat something you have no control of! Cbdc has no blockchain, a digital fiat with no relationship to cryptocurrency, now I can understand why they always threaten to ban crypto, they must think it is easy, they really have no clue.

That is the way many politicians think, they have a view of the world that believes that everything can be solved from the top to the bottom, basically they think that if they pass a law or something that is going to be enough for everyone to do what they want, but if people have an incentive to think the law is unjust then they are not going to follow it, and that is what it will happen with any attempt to ban bitcoin, and once they fail they will have to recognize that bitcoin is something that is outside their control.

[doomloop]

Now I can not believe some government officials in certain nation can be this so inaccurate

Honestly governments do not have any other options to escape from bitcoin except accepting it. I mean they may try any method to compete against bitcoin but due to all resolutions provided by bitcoin, it will definitely sustain and then government will start realizing their mistake. CBDC are indirectly helping people to understand about electronic payment methods by leaving off paper money which means over the time people will adapt bitcoin as well along with CBDC due to deflation and decentralized nature of bitcoin.

So, we need to be calm by watching government's actions against bitcoin (I guess in most countries, bitcoiners will not have any other option except watching) and then will start experiencing the real power of bitcoin over the time.

[Mpamaegbu]

Now I can not believe some government officials in certain nation can be this so inaccurate (please pardon me to say that).

It doesn't even need to be officials from "certain" nation. I won't even be pissed if I heard such trash and misleading comment from my country's financial officials. Whether Africa, Asia or America, politicians are unbelievable. They often act the spin doctor just to deceive the undiscerning populace. The wise among the populace will discern the true situation. The only reason the American citizenry are different is because theirs is a complete democracy where citizens can boldly challenge their leaders through court and popularity contest. Africa and Asia aren't like that.

[Leviathan.007]

There is maybe the same situation in all over the world, this cab funny when you say they do not understand it but actually for me, that's very much sad to see the government do not even understand what they say and we are surrounded by these people ruling our countries and surly affecting our lives, however, no matter of the country but as far as I can see there is he same situation in all countries in the world more or less. They act like CBDC is a tool to fight against bitcoin because they do not even know bitcoin.