CBDCs really worth it?

[_act_]

Depends if one government finally realizes that CBDC is actually an improved version of stablecoins, not the digital version of fiat.

This is how the government have failed about CBDCs, it should have been better if CBDCs can compete with stable coins, no CBDC like that, non on exchanges, non is even listed on sites like Coinmarketcap and Coingecko. They are just fiat and have no further use that fiat can no be used for.

CBDCs are not fiat, but it has the attributes of a fiat and both are owned by the same government.
Then while fiat is the old form of money, CBDCs are the new form of money.

If in function, they are the same thing, no extra value added. Obviously you can not think about what you can use CBDCs for that you can not use fiat for. Is there any? None. But fiat is even better as it can be in physical form.

If you say that because there is fiat, no need for CBDC;
I can say that there are offline forums, what's the need for online forum;
There is books offline, why the need for pdp formats or soft copies.

Fiat is better and it is all of CBDCs and more

Fiat can be represented in physical form
It can be transferred electronically (online), then what is modern era that we are talking about.

Fiat is existing in the traditional form as well as in modern day form. No essense for CBDCs in my opinion than that the government want to copy bitcoin and use blockchain technology.

So, CBDCs are the new form of fiat and are here to battle with stable coins.

They are only pegged with fiat and they are fiat in function. They just use different technology which is not transparent, we can see much about bitcoin blockchain but can you see that of CBDCs? Maybe all are lies, but I am not sure about that. Fiat can be sent just using new technology like mobile phones and computers, it is flexible to exist in old time way and new time way and adapt to upcoming technologies.

CBDCs are not competitng with stable coins as they can not even be used with crypto wallets and not existing on crypto exchanges.

[Smartprofit]

In my opinion, CBDC is an element of a digital concentration camp. 

Modern world elites are concerned about the issue of establishing total control over the inhabitants of the Earth. 

The Chinese government has been the most successful in developing and implementing CBDCs.  China is a very centralized state that tightly controls its citizens. 

CBDC is not just money.  CBDC is the circulatory system of the planned economy.  Regulatory authorities get the opportunity to receive real-time information about all transactions of individuals and legal entities.  From an economic point of view, this can be very useful.  It becomes possible to build complex supply chains, instantly eliminate cash gaps and save resources.  Saving resources is a big efficiency. 

That is, we are talking about increasing the efficiency of the economic system (but to the detriment of the rights and freedoms of individual citizens).

[Abiky]

In my opinion, CBDC is an element of a digital concentration camp. 

Modern world elites are concerned about the issue of establishing total control over the inhabitants of the Earth. 

The Chinese government has been the most successful in developing and implementing CBDCs.  China is a very centralized state that tightly controls its citizens. 

CBDC is not just money.  CBDC is the circulatory system of the planned economy.  Regulatory authorities get the opportunity to receive real-time information about all transactions of individuals and legal entities.  From an economic point of view, this can be very useful.  It becomes possible to build complex supply chains, instantly eliminate cash gaps and save resources.  Saving resources is a big efficiency. 

That is, we are talking about increasing the efficiency of the economic system (but to the detriment of the rights and freedoms of individual citizens).

That's certainly true, mate. People seem to be missing the wider picture of CBDCs, probably because they're focused on making as much money with crypto as possible. They believe CBDCs will be as good as crypto, when that won't be the case. With a full-fledged digital economy backed by the government, we can say goodbye to privacy for good. It will enable a new era where banks and governments fully control our financial activities.

Fortunately, decentralized cryptocurrencies will be there to save the day. That is if the community is able to keep them that way. Remember, the key to freedom is to avoid Fiat as much as possible. Bitcoin is all you need to live a prosperous life free from the clutches of evil banks and governments alike. As long as decentralization wins, nothing else matters. Just my opinion

[Smartprofit]

In my opinion, CBDC is an element of a digital concentration camp. 

Modern world elites are concerned about the issue of establishing total control over the inhabitants of the Earth. 

The Chinese government has been the most successful in developing and implementing CBDCs.  China is a very centralized state that tightly controls its citizens. 

CBDC is not just money.  CBDC is the circulatory system of the planned economy.  Regulatory authorities get the opportunity to receive real-time information about all transactions of individuals and legal entities.  From an economic point of view, this can be very useful.  It becomes possible to build complex supply chains, instantly eliminate cash gaps and save resources.  Saving resources is a big efficiency. 

That is, we are talking about increasing the efficiency of the economic system (but to the detriment of the rights and freedoms of individual citizens).

That's certainly true, mate. People seem to be missing the wider picture of CBDCs, probably because they're focused on making as much money with crypto as possible. They believe CBDCs will be as good as crypto, when that won't be the case. With a full-fledged digital economy backed by the government, we can say goodbye to privacy for good. It will enable a new era where banks and governments fully control our financial activities.

Fortunately, decentralized cryptocurrencies will be there to save the day. That is if the community is able to keep them that way. Remember, the key to freedom is to avoid Fiat as much as possible. Bitcoin is all you need to live a prosperous life free from the clutches of evil banks and governments alike. As long as decentralization wins, nothing else matters. Just my opinion

Yes, decentralized finance and especially Bitcoin is a real alternative to CBDC. 🔆

In the 21st century, states no longer cope with their social role.  They do not solve the problems of their citizens.  And CBDCs can't solve every problem either. 

Money performs two main functions - payment and savings.  CBDCs are capable of performing a payment function. 

However, digital money of the Central Bank is not capable of performing the function of savings.  Banks are actively attracting citizens' money to deposit accounts.  The CBDC system does not practice the use of deposit accounts (CBDC has other tasks). 

People will not be rewarded for saving money, on the contrary, people will be encouraged to actively spend it.  This will boost economic activity.  But people do not want to constantly run, as squirrels run in a wheel. 

Bitcoin (unlike CBDC) is a perfect store of value.

[KingsDen]

In my opinion, CBDC is an element of a digital concentration camp. 

Modern world elites are concerned about the issue of establishing total control over the inhabitants of the Earth. 

The Chinese government has been the most successful in developing and implementing CBDCs.  China is a very centralized state that tightly controls its citizens. 

CBDC is not just money.  CBDC is the circulatory system of the planned economy.  Regulatory authorities get the opportunity to receive real-time information about all transactions of individuals and legal entities.  From an economic point of view, this can be very useful.  It becomes possible to build complex supply chains, instantly eliminate cash gaps and save resources.  Saving resources is a big efficiency. 

That is, we are talking about increasing the efficiency of the economic system (but to the detriment of the rights and freedoms of individual citizens).

What? This sounds insane mate.
You have just seen these CBDC of a thing from a very different angle and perspective. And what you stated above sounds true to a reasonable brain. Though I have never taken a good time to pay attention to the CBDC. I lost interest when I discovered that it's centralised and then not centralised in the hands of individuals, but in the hands of government.
Using CBDC to get real time transaction information of individuals and corporations could be one of the hidden agendas of CBDC, but banks does same thing with banks apps. Could it be that with CBDC, blockchain will help save the unending database for ever?

[_act_]

In my opinion, CBDC is an element of a digital concentration camp. 

Modern world elites are concerned about the issue of establishing total control over the inhabitants of the Earth. 

CBDC is not just money.  CBDC is the circulatory system of the planned economy.  Regulatory authorities get the opportunity to receive real-time information about all transactions of individuals and legal entities.  From an economic point of view, this can be very useful.  It becomes possible to build complex supply chains, instantly eliminate cash gaps and save resources.  Saving resources is a big efficiency. 

But fiat are used digitally before CBDC, while some countries claims they use blockchain technology, but do we have evidence of that?

Paper money are useful and no need of eliminating what is taking more resources until the time people no longer depend on it anymore. If paper money is not useful again, fiat can survive and amend into new technology. Even the so called CBDCs can be called fiat from its begining as digital fiat can also could have been called another name if the government wanted to deceives with another name when it was represented digitally and used for online transactions, also if the government have called CBDCs fiat too, it would have just been another type of fiat.

For example : Types of fiat

• Paper fiat
• Digital fiat
• Blockchain fiat (CBDCs), if true blockchain technology is used.

Do not let us be deceived. No resources is also wasted with digital fiat before the so called blockchain fiat.

Though I have never taken a good time to pay attention to the CBDC. I lost interest when I discovered that it's centralised and then not centralised in the hands of individuals, but in the hands of government.
Using CBDC to get real time transaction information of individuals and corporations could be one of the hidden agendas of CBDC, but banks does same thing with banks apps. Could it be that with CBDC, blockchain will help save the unending database for ever?

From what you said now, it is clear that you know that CBDCs are fiat, the governments are only deceiving people, they want people to think it is like bitcoin but they failed because it is not but fiat of modern era using blockchain technology if true it is using blockchain technology.[/list]

[DooMAD]

But fiat are used digitally before CBDC, while some countries claims they use blockchain technology, but do we have evidence of that?

(...)

For example : Types of fiat

• Paper fiat
• Digital fiat
• Blockchain fiat (CBDCs), if true blockchain technology is used.

The most widely accepted definition of a CBDC is simply a transfer of powers from Commercial Banks to the Central Bank.  It's a common misconception that CBDCs will have anything to do with Blockchain technology.  I still hold the stance that a blockchain would be a poor choice for a ledger which almost certainly won't be distributed to public nodes.  If a ledger is centralised, blockchains confer fewer benefits and have larger overheads in terms of efficiency.