A person that is against the creation of CBDC.

[cryptosize]

Honestly, I don't feel we need CBDC.

We already have SEPA instant in EU... I can easily transfer fiat money between different countries/banks with zero fees.

Do people understand that CBDC will introduce new variables (carbon credits, social credit score)?

Are you going to justify that due to climate change perhaps...?

[kingvirtus09]

In truth, those of us who believe in the digital currency of the crypto space, or bitcoin, do not really believe in the CBDC because it remains government-backed, so they can control what they want to control. Unlike with bitcoin or cryptocurrency, they can never really do that.

Even in these times, more and more people are choosing the decentralized-based system because they still prefer to have control over their assets, and that's what we as investors really want, right?

[South Park]

I think President Trump is correct about the possible control of the government on your funds as Americans and we all know that. People anywhere in the world wants privacy and full control of their funds that is why they invested on decentralized assets rather than having something like the CBDC.

But do you think this is a smart move of him or you still prefer the use of digital dollar?
Do you agree with him to not allow the creation of CBDC or you just don't care about this?
I know that it is non of my business but I just want to know, is there really a need to create CBDC?

I want to hear your thoughts on this as it might happen to any country in the world anytime.

Everything is on the details, Trump said he will not allow the creation of a CBDC, but he never said that if it was created before his mandate, assuming he is allowed to participate and wins, he will eliminate it once created, however the fact that he made this point proves to me that people are slowly waking up to all the scams their own governments are running, and that even if they have tolerated the fiat system for decades, they will not tolerate to give to governments full control over their money and this is a good thing.

[uneng]

But do you think this is a smart move of him or you still prefer the use of digital dollar?

This is a populist statement. CBDC and digital dollar are the same. If the government wants, they can seize your whole funds from your banking account at any time, as it has already happened in some countries like mine in the past, without the need for any CBDC in the process.

Do you agree with him to not allow the creation of CBDC or you just don't care about this?

The creation of CBDCs is meaningless. It won't make any difference at all for us, unless the government enforces its usage and forbids the adoption of decentralized currencies such as Bitcoin.

I know that it is non of my business but I just want to know, is there really a need to create CBDC?

For governments, yes, because they want the monopoly of cryptocurrencies for themselves. It's interesting for them to impose the usage of a centralized cryptocurrency they control for the masses, while discouraging or forbidding the usage of Bitcoin currency, for an example. But for us, average crypto enthusiasts, living on our own, independent from parties, ideological groups, land lords and politics, it's not necessary the existence of CBDCs. I would avoid it, like I avoid fiat.

[Argoo]

Do you agree with him to not allow the creation of CBDC or you just don't care about this?

The creation of CBDCs is meaningless. It won't make any difference at all for us, unless the government enforces its usage and forbids the adoption of decentralized currencies such as Bitcoin.

I know that it is non of my business but I just want to know, is there really a need to create CBDC?

For governments, yes, because they want the monopoly of cryptocurrencies for themselves. It's interesting for them to impose the usage of a centralized cryptocurrency they control for the masses, while discouraging or forbidding the usage of Bitcoin currency, for an example. But for us, average crypto enthusiasts, living on our own, independent from parties, ideological groups, land lords and politics, it's not necessary the existence of CBDCs. I would avoid it, like I avoid fiat.

In any case, the creation of a CBDC makes sense and will bring many benefits for both the state and the people. After all, CBDC is an improved form of current government banking. Compared to the current cashless payment system, CBDCs will be much faster and more efficient. But both of them are under the complete control of banks and governments. But there is still a benefit in terms of improved functionality. Therefore, Trump's statement about the need to boycott CBDC sounds very stupid and is purely populist.

[southerngentuk]

The world's going digital, and money's no exception. CBDCs are just one way governments are thinking of modernizing things. Now, some folks might clutch their physical cash like a lucky charm, while others are all about the digital life. Both sides have valid points, and painting everyone with the same brush just won't do. Sure, privacy is a big deal, and the idea of Big Brother tracking every penny you spend is enough to make anyone sweat. But hey, there might be ways to build these CBDCs with privacy in mind, like using fancy tech to keep your info safe. Plus, regulations can be our watchdogs, making sure things don't get out of control.

[Alpha Marine]

As your president, I will never allow the creation of a central bank digital currency.

Isn't it obvious he's just saying the right things here? He's just trying to appeal to a certain set of people. Saying all the right things so he can get votes.
This is so obvious because the traditional system is exactly the same things with CBDC. What does he mean when he condemns this and approves the other? Can't the government seize our money in the bank? What exactly is he talking about?
I'd like to know why CBDC is worse than any other form of centralized form of financial transactions.
If anything he should be for the CBDC and not against it because it might be better than the current traditional system.
I wonder why people don't see right through him.

[cryptosize]

As your president, I will never allow the creation of a central bank digital currency.

Isn't it obvious he's just saying the right things here? He's just trying to appeal to a certain set of people. Saying all the right things so he can get votes.
This is so obvious because the traditional system is exactly the same things with CBDC. What does he mean when he condemns this and approves the other? Can't the government seize our money in the bank? What exactly is he talking about?
I'd like to know why CBDC is worse than any other form of centralized form of financial transactions.
If anything he should be for the CBDC and not against it because it might be better than the current traditional system.
I wonder why people don't see right through him.

Sleepy Joe fan?

I'm no fan of Trump or his incessant USD love, but you need to understand that the current fiat system doesn't have:

1) carbon credits
2) social credit score

Care to do some research about these things?

I wonder why nobody cares to address Davos' agenda. Am I talking to ChatGPT bots spamming the board for a few sats or what?