Why The Majority Of the Population Will Embrace CBDC's

[serjent05]

They won't be called government if they are not able to govern their citizen.  Right now most nations are in the process of studying CBDC and its implementation.  Once the study is done and bills was approved, the government will certainly implement the approved bills regarding the use of CBDC.  Once the implementation or the law is established, it will be then applied and force the citizen to follow it.  So government forcing its citizen to use CBDC is a natural course of events.

But I think there is a chance that Bitcoin and CBDC will co-exist along the way.

[southerngentuk]

(...)

I agree with you.
And I add a few more ideas that I see after many years in this market, because crypto blockchain created with micro as well as macro goals with the economy as well as operating in life tools other.
We are not here to make a difference, simply understand it as an adaptation and change, there will be no inhibitions and all will last until the appearance of the right proposals when the context arises. there.

[vv181]

The problem is more than just CBDC vs BTC & Cryptos - the problem is the public is lazy and will take whatever path requires the least of them and appears to give them the most.

There will most certainly be a battle and I suspect it will last a very long time.

Most people will fall for the conveniences compared to the value they might get, with that in mind, it is necessary to improve the user experiences of using bitcoins or altcoins. That is the way forward so people could utilize cryptocurrencies wider, besides adoption. I think at the end of the day, people will choose things that help their life easier, there will be a ratio between conveniences and value, and people would compromise on things that gives them the most benefit.

Once the implementation or the law is established, it will be then applied and force the citizen to follow it.  So government forcing its citizen to use CBDC is a natural course of events.

But I think there is a chance that Bitcoin and CBDC will co-exist along the way.

Forcing people to use CBDC seems unwise and authoritarian, even the current societies that favour cashless payment are still keeping cash as an option.

[Wexnident]

ofc they'll bloody embrace it, it's pretty much the replacement for fiat. I hardly doubt people who are less technologically knowledgeable would go out of their way to suddenly learn about the possible currencies they can use when the government has a replacement for the one they removed (or will remove). It wouldn't generally be different from what most people use right now afaik, just that it's digitalized and cash flow is much more easily observed/seen by the government (or the public if it was publicized)

[umbara ardian]

We can easily see the benefits of CBDC:
1, CBDC promotes non-cash payments and transactions and the development of modern financial and payment services thanks to its convenience, safety, high reliability, low costs, and limited risks of the use of cash, with high issuance and circulation costs, risk of counting, counterfeit money, not meeting green criteria, environmental friendliness.
2, CBDC enhances the position of the domestic fiat currency, increases its strength when it is compatible with cross-border payment systems, positively supports economic growth, through promoting the digital economy. , e-commerce, non-cash payment, business models on digital platforms, digital transactions.
3, CBDC increases access to financial services for people and businesses, thereby contributing to promoting financial inclusion, enhancing the ability to deal with illegal activities such as money laundering, tax evasion. , terrorist financing, corruption, and cybercrime thanks to greater transparency and openness...

However, here it is still a relatively new concept to many people, and there are still many challenges. Even now, crypto in this market is not too big a market. We are here hoping for a more inclusive economic future.