A person that is against the creation of CBDC.

[0t3p0t]

Statement of President Donald Trump during an interview:

Tonight, I am also making another promise to protect Americans from government tyranny,

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

Such a currency would give a federal government, our federal government, the absolute control over your money,

They could take your money. You wouldn’t even know it was gone. This would be a dangerous threat to freedom.

Source: https://thehill.com/business/4416139-trump-vows-to-block-creation-of-digital-dollar/

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.

[Charles-Tim]

Such a currency would give a federal government, our federal government, the absolute control over your money

Who is in control of the digital fiat that are not CBDCs? Are they not the government. Only what they are not in control of are the bank notes which is the paper fiat. But bank notes are not perfect the way bitcoin  is.

Digital fiat in bank? Government is in control.
CBDCs? Yes government is in the control but in a way that is more direct or depending on how it is implemented.
But both? Government is in contol.

The only reason that Trump is right is because there is not need for CBDCs, but not because of government not to have control. That is deceitful.

[Lucius]

That man will say anything to get his hands on the Oval Office again, and everyone who thinks that today they have financial freedom because there is no central bank digital currency is living in some fantasy world of their own. It is true that CBDC threatens privacy even more and that our money can easily be frozen, but all those who today have money in banks or perhaps keep it in so-called stablecoins are exposed to the risk of being prevented from disposing of their funds at any time.

The creation of digital currencies by central banks is only a logical move to modernize finance, given that everything is being digitized anyway. However, you should know that cash will not disappear overnight and that the transition period will probably last several tens of years, except in countries like China where people are not asked for anything anyway and have to agree to everything that is asked of them.

[o48o]

Statement of President Donald Trump during an interview:

Tonight, I am also making another promise to protect Americans from government tyranny,

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

Such a currency would give a federal government, our federal government, the absolute control over your money,

They could take your money. You wouldn’t even know it was gone. This would be a dangerous threat to freedom.

Source: https://thehill.com/business/4416139-trump-vows-to-block-creation-of-digital-dollar/

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.

Sounds like he doesn't understand how digital money works, but someone has told him that we should be scared of asset digitalization.

In short: They can freeze your accounts and assets already. They can confiscate anything you own. They have been able to do that for ages now. No matter how ignorant he is, he definitely must know this and is misleading people.

CBDCs are planned for cheaper and easier money tracking to prevent corruption and money laundering more efficiently. And in best case of scenario, it would be more energy sufficient, removing needs for ton on monetary infrastructure that's needed today. Also CBDCs could have confidential transactions.

Sure, in worst case scenario, line in china, that can be used for surveillance, but they can also build it for Zero knowledge L1 with zero knowledge contracts. And by that they could have confidential transactions, and depending on the token issuer, different levels of privacy and rights. With money, it would be build to comply with regulatory needs, and needs of the citizens in mind. And no surprisingly, at least in EU they have plans for this. Also this same platform could be used for digital identity, that would make identity thefts way harder.

But he doesn't need to understand this, he doesn't even need to make sense. He is talking to his followers and fear is sells well.

[Jawhead999]

Government need to show to public if they're really working and adapt with the current society, CBDC is nothing different with mobile banking, PayPal or digital fiat. So creating CBDC is no need at all, why you need to create a new thing when you already have it?

I believe CBDC will use private blockchain, so you can't track it except the banks and government. It can be used to fight against corruption if they use public blockchain.

[Spaceman1000$]

Statement of President Donald Trump during an interview:

Tonight, I am also making another promise to protect Americans from government tyranny,

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

Such a currency would give a federal government, our federal government, the absolute control over your money,

They could take your money. You wouldn’t even know it was gone. This would be a dangerous threat to freedom.

Source: https://thehill.com/business/4416139-trump-vows-to-block-creation-of-digital-dollar/

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.

The whole idea of creating CBDC isn't sitting well with me, since their is bitcoin and other cryptocurrencies, why would the government bring in digital currency that they would control, most people enjoy bitcoin because of the privacy it allows them. Today  in my country Nigeria, there is e-naira one of the digital currencies launched by the government via the CBN, trust me nobody has given them a second look as citizens are not interested in getting the e-naira. So in answering your question, I don't think there should be need to create CBDC when we already have bitcoin and other cryptocurrency to solve our problems.

[DeathAngel]

Trump isn’t stupid, he knows that most regular people have concerns about the possible implementation of a CBDC. I don’t vote so I have no bias but he is saying things that he thinks will give him an edge in the run up to the next election. Just remember, very few politicians & people in power care about us. They are mostly all in it for selfish reasons.

[moneystery]

it's natural for donald trump to say that because he doesn't want the federal government to be able to track where his money goes and how he uses it, so he's not talking about people's freedom to use money, but rather wanting to cover up the flow of money in his business.

but apart from that, actually it is not a bad idea for the government to launch a cbdc to make it easier for people to carry out transactions, because it is not much different from money in general, only the form is digital. if someone is worried about their privacy, they can refuse to use it and use fiat money instead, it's very simple.

so the issue regarding the formation of cbdc does not need to be exaggerated because sooner or later we are all heading there and it is difficult for us to reject this, unless we have the power to reject it, but i am pessimistic about that.

[EL MOHA]

The whole idea of creating CBDC isn't sitting well with me, since their is bitcoin and other cryptocurrencies, why would the government bring in digital currency that they would control, most people enjoy bitcoin because of the privacy it allows them. Today  in my country Nigeria, there is e-naira one of the digital currencies launched by the government via the CBN, trust me nobody has given them a second look as citizens are not interested in getting the e-naira. So in answering your question, I don't think there should be need to create CBDC when we already have bitcoin and other cryptocurrency to solve our problems.

The whole idea about CBDC shouldn’t be shocking to you because we all know the government intention in situations like this. the government doesn’t want anything it can’t control and as such they simply just introduced there own CBDC. At first they thought the whole idea behind bitcoin been a decentralized currency wasn’t they actually thought will explode like this and now they couldn’t control it and they thought inventing there own is going to be the solution. I would say CBDC has actually not gain any adoption just because the government missed the basis of why bitcoin got such adoption. People did not Just jump on bitcoin because of digital ability but because it is decentralized and most importantly and hedge against inflation.

CBDC is just a digital fiat and nothing more, when the pegged fiat currency of it gets into economic trouble like lose value due to inflation, same thing will happen to that country’s CBDC.

[Apocollapse]

it's natural for donald trump to say that because he doesn't want the federal government to be able to track where his money goes and how he uses it, so he's not talking about people's freedom to use money, but rather wanting to cover up the flow of money in his business.

but apart from that, actually it is not a bad idea for the government to launch a cbdc to make it easier for people to carry out transactions, because it is not much different from money in general, only the form is digital. if someone is worried about their privacy, they can refuse to use it and use fiat money instead, it's very simple.

Trump can bribe or working together with the government because he has a privilege, it's actually threat both of wealthy person or big business, if they don't agree with this, it could be a chaos and they will move to tax haven country.

How you can be so sure if you can use cash when CBDC exist? even you read it somewhere, remember they're centralized and they can change any rule or law at anytime.

[bitLeap]

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.

I prefer to just call him former President to make it clearer. But with the statement regarding the opposition to CBDC I agree but will it stop the government? Of course not because Trump's vote now no longer has the same influence as when he was still President, except for his followers and party if there is one. The positive thing is that Trump shows his true identity because when he was still US president, we absolutely guarantee that he would not make any statements against CBDC in front of the media.

What Trump said at least made people aware of the dangers of CBDC, but paper money has also been around for a long time which has the same threat where its value can be lost at any time. Whether or not a CBDC is needed is a demand for the government if it wants to balance digital transactions while still being in full control.

[Yogee]

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

Their traditional system is working as intended but this is probably the Financial Institution's way of coping with the fact that money is moving away from banks and their businesses. There's also the demand to use crypto for cross-border transfers/payments. They want to entice those people to come back using CBDC and regain control of the flow of money.

[Wind_FURY]

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.

That's mere propaganda because he's trying to win the people over in my opinion. If he truly cared for the people's freedom, then he should give Bitcoin, as a technology, a chance. But he already said that it's a scam. We can't trust politicians to put their thinking-caps on and listen.

Plus he probably knows there's no actual need for a CBDC because the people behind the legacy banking system already control all the financial rails and all fiat is already in their centralized ledgers which they can withold from you anytime they want.

If that system is a sickness, then Bitcoin is the cure.

[pooya87]

Don't take what politicians say in their advertising campaigns too seriously. They'll tell you anything you like because they know you are going to forget it the day they entered office
Specially crap a crazy old man like Trump is saying because he is too desperate to get back into the office they kicked them out of...

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.

Oh yeah? Don't American banks already have full control over American people's funds? They do. Didn't Trump know this? He did.

Why stop there when we talk about privacy? Lets discuss NSA, aka the privacy invading military organization with billions of dollars of budget created with one purpose: to invade people's privacy every second of every day.
If he were truly worried about privacy of the people, he would start there

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.

The funny thing is that even if he wins the elections, he still wouldn't have a say in whether or not US would create a CBDC in the future. The world is moving in that direction and US will make the same move sooner or later.

As for my opinion, I don't really see any difference between CBDC and what we already have with digital banking! It is exactly the same as far as the end user is concerned (centralized with full surveillance and user having 0 control).
Although I'd like to separate "elimination of cash" with "creation of CBDC" since they are different topics.

[KingsDen]

Statement of President Donald Trump during an interview:

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.

When the trend of CBDCs was new, I was somewhat scared, but having watched the CBDC of many countries fail, it doesn't bother me anymore and I don't think that CBDCs are in battle with stable coins or crypto at large. But the case of America is different. I am trying to figure how the CBDC of America will survive if it doesn't fight against all the stable coins pegged to US dollar. I don't know if anyone is understanding what I meant.
Can American CBDC co-exist with stable coins? I don't think this marriage will be successful. It will only be feasible if the stable coins remain 100% decentralized. All the centralized stable coins will have issues with American CBDC unless a total freedom of choice is ensured. And if this happens, everyone will choose stable coins over CBDC
As for Trump's opinion of freedom, I choose to believe his statement only after US presidential elections.

[NeuroticFish]

Don't take what politicians say in their advertising campaigns too seriously.

This really sums it up. Politicians lie for living and do that even more when they advertise themselves for the votes.
Trump has lied about things more important, so his^{since probably somebody else wrote that for him, is it really his?} statement is worthless.
But I too don't count as a voter. He did good things, he did bad things, the voters should take into account what is important for them and whether it was done in the previous mandate or not, not the lies from campaign.

[Smartvirus]

Trump is a learned person even though, his always loud and sometimes act without considering what are the people’s perception or perspective to certain policies he hopes to implement but, being within the inner circle of the government, I suppose he knows better what could be about the CBDC creation so, I wouldn’t say.
CBDC came through as some means to combat cryptocurrency by using some crypto technology to redesign the functionality of fiat. Still, it remains centralized, I haven’t have the need to use it and just might not so, whatever the policy on it might be, I don’t care so much. I use fiat and cryptos just in a way that am at peace every time.

[AmoreJaz]

Trump is a learned person even though, his always loud and sometimes act without considering what are the people’s perception or perspective to certain policies he hopes to implement but, being within the inner circle of the government, I suppose he knows better what could be about the CBDC creation so, I wouldn’t say.
CBDC came through as some means to combat cryptocurrency by using some crypto technology to redesign the functionality of fiat. Still, it remains centralized, I haven’t have the need to use it and just might not so, whatever the policy on it might be, I don’t care so much. I use fiat and cryptos just in a way that am at peace every time.

i believe that's the take of most crypto users. as we are not really into using CBDCs because we know that it is indeed centralised. so why use a centralised currency if you have better options, right?
but do take note that with the introduction of CBDCs, will give a better approach to the crypto market. it may possibly lessen the hesitation of most noncrypto users towards this market because they are seeing that this digital currency is really going mainstream.

[bluebit25]

Statement of President Donald Trump during an interview:

Tonight, I am also making another promise to protect Americans from government tyranny,

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

Such a currency would give a federal government, our federal government, the absolute control over your money,

They could take your money. You wouldn’t even know it was gone. This would be a dangerous threat to freedom.

Source: https://thehill.com/business/4416139-trump-vows-to-block-creation-of-digital-dollar/

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.

This is Trump's opposing view , but in the opposite direction there is still support for CBDC.

I know things around it have different faces, but that's up to each of us to choose. And I think that even if Trump or Biden continues in office, they will still have to be supporters of the crypto field, or in another way, just taking advantage for personal purposes before the election.

Is CBDC really important and useful for the current economy? Feel for yourself that they talk a lot about technology to solve economic problems but the problem is too small to exaggerate everything. I have also seen the topic of CBDC being discussed with many countries doing research and then the testing process being not very effective. Anyway, that's one of the new proposals, instead of just talking about its benefits, let's look at its challenges as well.

[Churchillvv]

This another strategy for office attainment, trump has just discovered that most of the citizens are not really aware of the control they (government) have over their finances or life in general. So he just have to pose the CBDCs as the major threat that will take away the freedom of people whereas him and his colleagues are the real threat they (citizens) have. As soon as he gets to the office he will surely be the sponsor to central control of citizens to satisfy his selfish aim.

Even right now we are probably in the control system of the government and at least Bitcoin and it's decentralized system is the remedy for us. Some times I use to tell myself that Satoshi Nakamoto was one of the people who learnt that the government is in control of citizens lives that's why he decide to fight them anonymously with Bitcoin as decentralized currency.

That man will say anything to get his hands on the Oval Office again, and everyone who thinks that today they have financial freedom because there is no central bank digital currency is living in some fantasy world of their own. It is true that CBDC threatens privacy even more and that our money can easily be frozen, but all those who today have money in banks or perhaps keep it in so-called stablecoins are exposed to the risk of being prevented from disposing of their funds at any time.

The creation of digital currencies by central banks is only a logical move to modernize finance, given that everything is being digitized anyway. However, you should know that cash will not disappear overnight and that the transition period will probably last several tens of years, except in countries like China where people are not asked for anything anyway and have to agree to everything that is asked of them.

You summarized my point here. I don't have enough smerit that would have been my way of showing how I love the comment.

Peace°