Bitcoin vs CBDC - Spread the Word

[Fundamentals Of]

I'm a little pessimistic about all these efforts to stop CBDC. I think CBDCs will have their time eventually and the cold cash era will come to an end. That's something that's bound to happen.

But I'm still in full support of this initiative. If only to let the leaders know that I'm against it and whatever it implies especially to our privacy. It may not stop them of course. After all, the leadership always has this tendency not to listen to the people, to create policies that are not based on the people's preference. At least I'm speaking out.

But regardless of the outcome of these efforts, I will continue to shift little by little to Bitcoin.

[GreatArkansas]

Me,  I am not worried about Bitcoin here. I am worried here is most of the altcoins here, most of the altcoins right now are centralized. There is no threat for Bitcoin here as even if there will be CBDC, it's still fiat and it's still the opposite with Bitcoin, the inflation is still there. While Bitcoin is solving the problem that we have right now in our traditional finance.

[franky1]

other things you will learn if people actually try to read things and research things from actual sources like BIS hyperledger

most CBDC are acting similar ways to mainnet+layer2.. because its the friggen banks and institutions that first buzzworded "layer 2" when they were doing hyperledger conventions/conferences inviting devs of crypto in to help them and the devs walked away with new words to start then sandbox testing in crypto(back in 2015 era)

also the BIS (bank of international settlements) is due to central bank demands allowing(proposed in draft) a 2% collateral holding of mainnet cryptos like eth/btc and a higher unset % of stables
meaning those central banks that use BIS will be lobbying government to not ban crypto
https://www.bis.org/bcbs/publ/d545.pdf

[pooya87]

They are not the same because CBDC can only be implemented if cash is removed from use.
Second, CBDC will have expiration date like coupons, and they will be connected with digital ID, that is something we don't have currently.

I see that you don't know anything about CBDC so I suggest reading more before you are making comparions with current fiat monetary system or something else.

Well 99.9% of CBDCs are not even in development stage, they are just being "researched". So there isn't anything to read about and we can't really say what they'll be like or even if they will be created some day!

The small handful that were actually released are in a small scale testing phase and I have not seen any reliable source that confirms the 2 main characteristics you claim the CBDCs have in your post. If you have a reliable source like to Chinese central bank that says it has an expiration date or it must replace cash please post it here.

The two others that I know of didn't have the two conditions either. The Venezuelan one was more of a scam to raise funds and cover the budget deficit for the government experiencing hyper inflation.
The Iranian one that is released and is in testing phase also doesn't have any kind of expiration date. It also can not replace cash in Iran even if it wanted to.

[franky1]

They are not the same because CBDC can only be implemented if cash is removed from use.
Second, CBDC will have expiration date like coupons, and they will be connected with digital ID, that is something we don't have currently.

I see that you don't know anything about CBDC so I suggest reading more before you are making comparions with current fiat monetary system or something else.

Well 99.9% of CBDCs are not even in development stage,

so your saying there are 1000 countries in the world(facepalm) and only 1 CBDC in development (facepalm)
its more like 200 countries and about 20 that are in beta (thus 90% not in beta)
about 50 are in alpha and the rest are just whitepaper theory

maths, its great

but i do agree you and others should read more.. but.. ALSO make comparisons. see the variances, see the possible directions. dont be picky, explore the wide picture landscape

[NotATether]

We cannot boo away CBDCs or sign petitions against it, we can only avoid it and stick to decentralized medium of exchange on the blockchain. And hope others would follow suit.

It's safe to say that it will be a niche market at best as the vast majority of people will stick to their tried-and-tested credit cards / PayPal / CashApp / Venmo / Zelle and won't bother with some random government project even if that's what they want them to use, like your uncle ("what?") and your friends ("what?").

Nothing to worry about here. This strikes me as sort of an Occupy Wall Street - kinda thing.

[Findingnemo]

Me,  I am not worried about Bitcoin here. I am worried here is most of the altcoins here, most of the altcoins right now are centralized. There is no threat for Bitcoin here as even if there will be CBDC, it's still fiat and it's still the opposite with Bitcoin, the inflation is still there. While Bitcoin is solving the problem that we have right now in our traditional finance.

Most altcoins are shit and centralized but they are backed by supply and demand whereas the CBDC just by nothing other than promise of central bank which is more vulnerable than owning something which has actual value.

I don't know how much accurate the world map is but countries like India, CHina and few others launched their CBDC but not pushing it too much for now among their citizen but sooner we can expect them to make such efforts.

[Blawpaw]

Governments and countries around the world are working hard to implement CBDC as fast as they can and they are getting serious about it.
I won't name all individual examples but I will post one website who is keeping track of all worldwide news and status for most countries.
There is currently WEF forum in Davos and they are advertising CBDC currencies that are going to be protected by Interpol, and in same time they announce catastrophic cyber attack, removal of cash payments, and concern about Bitcoin

One website for tracking CBDC projects is called Cbdctracker and it is showing world map of countries with more information:


 https://cbdctracker.org/

One more CBDC tracker posted by tbct_mt2:
https://www.atlanticcouncil.org/cbdctracker/

What can you do about this?
You can write your local politicians, complain, call them, visit them and demand from them to stop working on CBDC crap.
I also found interesting project called @NoCBDC that created cool stickers that are pro Bitcoin and anti-CBDC in the same time.
You can print out this stickers, share them in your local areas, send them to friends and spread the word while we have time, or you will wake up in nightmare scenario one day.

Bitcoin vs CBDC - What should digital money look like?
https://bitcoin.rocks/bitcoin-vs-cbdc

Print or make your own stickers and follow @NoCBDC on twitter:
https://www.dropbox.com/s/rr5jea5n35fqybl/%40NOCBDC%20sticker%20sheet.pdf?dl=0

Off course that theWEF would be the most inetrested in implementing CBDCs. The WEF is humanity's worst enemy as they are trying to get everyone slave before 2030. CbDC are just a move for them to stay in control. All they want is to have their hands on everything. Remember what they want for you is "You will own nothing and you'll be happy" I guess this says it all. Fuck the WEF.

[dkbit98]

Is anyone following what is happening with Nigerian terrible experiment of removing all cash and introducing their own CBDC digital currency eNaira?
Demonstrations and riots are happening everywhere, people are pissed off and many banks and ATM machines are burned and destroyed.
I guess rulers want for people to have nothing and be happy

This planned CBDC virus is spreading fast, so we already have Japan announcing their own CBDC pilot program starting in April, similar time like Russia:
https://decrypt.co/121584/japan-announces-launch-new-cbdc-pilot-april

Similar thing is happening with central bank of the United Arab Emirates (UAE) that plans to release CBDC digital dirham:
https://www.coindesk.com/policy/2023/02/13/uae-plans-to-issue-a-cbdc-to-promote-digital-payments/

One European country Montenegro is working with Ripple on their digital currency pilot project:
https://cointelegraph.com/news/montenegro-s-central-bank-teams-up-with-ripple-on-digital-currency-pilot-project

[Lida93]

For a community of people that understands the enormous benefits of financial freedom that's  open to them under the decentralized system of crypto currency such a people don't need to be persuaded or preached to about crypto with flyers and posters. Taking up such process will only seem like a global battle between cryptocurrency and CBDC and they can jump on the opportunity to spread false signal using their centralized authority to get the unsuspecting public to conceive that we're promoting some shit scam especially in a third world where crypto is yet to be notice and understood with it's decentralized benefits. The bitter truth is that no matter how much efforts the CBDC puts in to make it's citizens in their country to accept it's digital currency system crypto will always prevail over it and my country is one of such example where it's digital currency system called eNaira that was introduced ended up turning to a failed experiment as those that initially engaged into it ended up pulling out cause it lacked trust and transparency.