A person that is against the creation of CBDC.

[Renampun]

...
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.

Even though there is a lot of horrendous news made by Donald Trump, he is a president who I like, he is firm and has strong thoughts, btw Since the beginning of the discourse on the creation of a CBDC, I have asked aloud in my heart what the purpose of the CBDC was actually created, right? On the one hand, they are afraid of breaking the rules set by the government, but on the other hand, they are afraid of using CBDC because of the loss of privacy.
In the future, hopefully there will be more and more presidents who have strong thoughts like Donald Trump, the world needs them to stop CBDC.

[Queentoshi]

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.

President Trump has once been in total control of power, so I can take what he has to say seriously because there are things he knows that we do not know.

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

Only the people who have low understanding of what bitcoins are will choose the digital dollar ahead of it.

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

There are people who do not care about the control the government has on them so CBDC 's can still be produced for these people to make use of but personally I do not care about them.

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.

There is a need for the government to create CBDC's and whether they would use this new CBDC 's to take control and control their citizen will not yet happen right now until CBDC's gain full recognition.

[pooya87]

Do they have social credit score and carbon credits? How can you implement those with physical cash? You evaded this question for some strange reason.

You are trying to say that the only way to eliminate physical money (ie. cash) is to create CBDC and if they don't create it they can't eliminate cash. I disagree and say there is no difference between digital banking and CBDC in that sense. If they want to eliminate cash they will do it with or without CBDC.

[Mate2237]

The creation of Central Bank Digital Currency CBDC is a very good project across the countries if only the countries adopt bitcoin as their legal tender currency so that the CBDC can be a supporting digital currency to bitcoin and the transaction process will be very simple for citizens. Bitcoiners will not suffer to stay on the queue to sell or buy bitcoin but they can just convert the coins to Local Currency instant.

That is one of the sweetest part of CBDC. And I believe he will adopt CBDC to support bitcoin.

[cryptosize]

Do they have social credit score and carbon credits? How can you implement those with physical cash? You evaded this question for some strange reason.

You are trying to say that the only way to eliminate physical money (ie. cash) is to create CBDC and if they don't create it they can't eliminate cash. I disagree and say there is no difference between digital banking and CBDC in that sense. If they want to eliminate cash they will do it with or without CBDC.

You still don't address the social credit score/carbon credits questions... gotcha!

[killerfrost]

Governments are naturally interested in controlling monetary systems. CBDCs offer them a degree of control over money supply and transactions that's not possible with decentralized cryptocurrencies like Bitcoin. However, it's important to acknowledge that this control can come at the cost of individual financial freedom and privacy. While some see CBDCs as a response to Bitcoin's success, others view them as a natural progression of digitizing fiat currencies. Regardless of the motivation, the reality is that CBDCs offer several potential advantages over traditional fiat, such as faster and cheaper transactions, greater financial inclusion, and improved crime prevention.

It's true that CBDC adoption has been slow so far. This can be attributed to various factors, such as lack of awareness, regulatory hurdles, and competition from existing payment systems. However, it's still early days for CBDCs, and their adoption might increase as these challenges are addressed and the technology matures.

[DVlog]

Many people don't like that guy but that man knows the system and he openly criticize it. I know he has his agenda for his aggressive speech but at least he is telling the truth.

CBDC can be a real threat to democracy and the people's financial freedom. If you need to think a few times before spending your money then you are not the owner of the money or we can say your money doesn't have absolute power in your life. CBDC can be highly politicized in many countries which will encourage dictatorship around the world. Let's see what lies ahead of Trump's future. Can he be the president for another term or he will go to jail!

[Huppercase]

Many people don't like that guy but that man knows the system and he openly criticize it. I know he has his agenda for his aggressive speech but at least he is telling the truth.

CBDC can be a real threat to democracy and the people's financial freedom. If you need to think a few times before spending your money then you are not the owner of the money or we can say your money doesn't have absolute power in your life. CBDC can be highly politicized in many countries which will encourage dictatorship around the world. Let's see what lies ahead of Trump's future. Can he be the president for another term or he will go to jail!

You really trust a politician? Lol. Never should you trust a politician, that's the best way to avoid disappointment. If you don't expect a lot from them and they eventually get to the office and do nothing, trust me you wouldn't emotionally get attached to their ways of governing the country.

Aside from aggressive speech about Trump, he is been feared, I love that about him but the fact that he always act as if he is the perfect person to rule America makes not to believe him, he speak like he is a pro, he act like is perfect man but he is full of scandals and bad past in his profile but I guess citizens don't look at that during election, they do what they are told and then cry later when forgotten of their promises.

CBDC is a centralized system of digitalizing dollar and I think the government is only trying to used that to make people to go digital so they can be able to watch people how and where they take money to. If you are ask me to choose between CBDC and fiat, I will chose fiat because I can withdraw money from a bank and do what I wish without anyone knowing where my money went but doing it online kills privacy. It's like the way we are moving into more civilization, privacy is dying everyday and that suck.

[Synchronice]

I think that such a model (if we are only talking about CBDC) will not be so easily implemented in Western countries because people still have some influence on politicians and their decisions, although there are always indirect ways to achieve goals, especially if you have the tools of the system and unlimited resources with which you finance everything.

Chinese models of controlling the masses have gone much further than finance, and include massive electronic surveillance of every individual - so you can get penalty points for practically everything you do wrong according to the CP - and those penalty points can prevent you from using public transport or anything other that the government controls.

Every influence that people have on politicians is false and imaginary. Some governments prefer to have a high quality of life in their countries while there are some who prefer to have all the money in their pockets and leave the rest of the people poor. Overall, some governments don't analyze that when life becomes good for the rest of the people, it automatically becomes better for you and there is no point of getting all the money for yourself because that disturbs the overall development of the society. When the society is developed, they do things better, they offer better services and so on.

I think that Chinese model will easily be implemented if governments want to implement it. To my mind, Covid was the test of that.

It could get even worse than that... with Digital ID (soon to be launced in EU) and the next pandemic (Disease X) they could also restrict your movement if you don't take the mRNA vaccines and even fine you in your CBDC wallet automatically.

Have you forgotten a couple of years ago Canadian authorities shut down people's bank accounts and sized all their money just because they refused to be jabbed by the unknown vaccines? Canada doesn't have any CBDC yet but they did the thing you explained very easily.

It's probably time to move in some small developing countries where everyone knows each other and bribe works.

[Orpichukwu]

This is all just a fallacy. These politicians are trying to manipulate the minds of the people by telling them that what they know to be white is now red, which is absolutely ridiculous.
 
USDT and other stablecoins and the so-called fiat, which are under the central bank or personal bank, are currently under the control of the government, so CBDC or no CBDC, the government still has control over those citizens money, and they decide and monitor how it's being spent. I see no difference in what they are even trying to do, and I also see no need in what he is trying to protect.
 
Government is government, and he is aspiring to enter the government office, which means he is there to continue what others have done and make minimal changes to things, that's all.

[tygeade]

This is all just a fallacy. These politicians are trying to manipulate the minds of the people by telling them that what they know to be white is now red, which is absolutely ridiculous.
 
USDT and other stablecoins and the so-called fiat, which are under the central bank or personal bank, are currently under the control of the government, so CBDC or no CBDC, the government still has control over those citizens money, and they decide and monitor how it's being spent. I see no difference in what they are even trying to do, and I also see no need in what he is trying to protect.
 
Government is government, and he is aspiring to enter the government office, which means he is there to continue what others have done and make minimal changes to things, that's all.

That is the point that people are missing. The USDT that you own, is pegged to USD, which means 1 USDT equals to 1 USD, and we all know that fiat is centralized, so USD is a centralized fiat that the USA government can control, they can print more, they can increase the interest, they can do whatever they want to do with it.

So all in all, we could just assume that, you are already holding something that is centralized and it doesn't feel decentralized. On top of that, all these, are created by companies, tether for example is owned by a company, so all those billions of dollars are sent to some company, that is adding another layer of centralized currency, you are tied to a government and a company all at the same time.

[Fiatless]

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.

Claiming that CBDCs give the government full control over people's funds but attacking decentralised cryptocurrencies like Bitcoin is hypocrisy. Donald Trump has never been a supporter of Bitcoin, so I see this comment as political to gain votes from mainly the youth. Trump will never promote decentralised platforms because every government wants to control the people's financial activities rather he would promote platforms like the FedNow Service to discourage people from using decentralised platforms.     

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.

Except Donald Trump states the kind of currency he prefers to CBDCs this news is none of my business. If he is saying that CBDCs are dangerous, what is his alternative? Does he prefer Bitcoin or does he have another decentralised option?

[Nwada001]

That is the point that people are missing. The USDT that you own, is pegged to USD, which means 1 USDT equals to 1 USD, and we all know that fiat is centralized, so USD is a centralized fiat that the USA government can control, they can print more, they can increase the interest, they can do whatever they want to do with it.

To add to this, if he really wants to do something for the people, then he should focus on trying to implement a policy that will reduce the overprinting of more dollars out of nowhere, which I believe is part of the things that are killing the value of their currency.
 
And the only time the people who are holding the local currency are fully in control of the currency is when they have the currency in their own hands in their house and they can watch over it. Only then can they fully decide what they want to do with it and how to spend it, but still saving a currency in your house without making interest on it in an economy where its currency is losing value is also not a healthy idea.

[EarnOnVictor]

-snip-
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.

I think you are letting the tyrant Trump infest you now just like it does to the weak Yankees, he is a scam and only using what some American people want to brainwash them. What a naivety!

Trump is a businessman and politician, they (him and his colleagues) do not just come to you and say this or that without a careful thought and plan. He knew what could cause division in the US and handed him more votes due to that, so he spits such out often. So I am not surprised about this, he will still say more over time as he moves from immigration, to finance and others so that he will be able to convince many who align with this view to vote for him. Trump has never been a democrat, he is only being forced to be accountable by the law, and I must tell you that he could care less about CBDC of a thing but just using people's heads, the guy is just smart, and if you fall for it, good luck to you my friend.

Mind you, the CDBD is beyond the US president regardless of what he thinks of it, if the parliament wants it, so be it, and if not, so be it still. The current US government is not also foolish not to have pushed it, they are careful to be sure of how it will affect the US businesses in payments and related industries. Think about it, Trump said he doesn't want to control people's money, but is fiat not centralised? Is the US government not overseeing it? What is the difference? That guy called Trump is so cunning.

[electronicash]

too late for Trump the USDT and the rest of the stablecoin have already been created. CBDC was created a long time ago already which is these stablecoins and people didn't even realize it. nicely done.

but they know the world already is moving in this direction if the US does not have the stablecoin, they will be left behind in this development.
if you look around already over the internet, USDT is widely adopted so why would their government have to create another CBDC?

[jrrsparkles]

Donald Trump is financially successful irrespective of his policies and ideas so he knows how money works because he belongs to the billionaire club. CBDC from the US government is more dangerous than other CBDCs because already they are censoring everything via the banking system and if there is a chance to take away the middlemen banks and all the control in the hands of FEDs then as he said the situation will be chaos and whoever holds the authority will pretend like a God and will truly make changes that we never expected.

[davis196]

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?

1.Trump is a well known liar. I don't believe that he will keep all his promises, if he becomes president of the USA for the second time.
2.The US president doesn't have control over the Federal Reserve. The US Congress and Senate have control over the Federal Reserve and I'm not sure that the Republicans will get a majority in both the Congress and the Senate. Many Republicans don't share the same views as Donald Trump.
There's nothing we can do in order to stop the creation of CBDCs. The only thing we can do is to stick with Bitcoin and some of the altcoins.

[Argoo]

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.

If Trump opposes the introduction of digital CBDCs in the US, then he is an absolutely stupid person who understands little about the world of finance, or is simply voicing slogans that will appeal to some Americans in his election campaign.

CBDCs are simply an improved form of government cashless payments. This is the same government control over citizens' money that existed before, but CBDC is many times more efficient than current banking transactions.

If Trump really is against CBDC when, God forbid, he becomes president again, then the United States will only lose from this and will be inferior to many states that are introducing their CBDC into the national banking system.

[WillyAp]

People in 2024 still confusing campaign promises with actual decisions.
Compare his track record in the 1st presidency than you know what its worth.

[_BlackStar]

-snip-

If Trump opposes the introduction of digital CBDCs in the US, then he is an absolutely stupid person who understands little about the world of finance, or is simply voicing slogans that will appeal to some Americans in his election campaign.

CBDCs are simply an improved form of government cashless payments. This is the same government control over citizens' money that existed before, but CBDC is many times more efficient than current banking transactions.

If Trump really is against CBDC when, God forbid, he becomes president again, then the United States will only lose from this and will be inferior to many states that are introducing their CBDC into the national banking system.

CBDC is a product that was born as a result of a country's central bank's response to the development of digital technology. The government does not want to be left behind when society has shifted much of its attention to industry, carrying out transactions and taking advantage of all its innovations. Of course Trump has his own point of view - but governments and central banks also have reasons why a CBDC is needed.

Payment trends have changed over time and governments can clearly see this as something that needs to be improved considering that their centralized payment systems have lost a lot of traction. The lack of transparency of an antiquated financial system as well as expanding innovation are other goals the government is considering - so Trump may not really know what the purpose of a CBDC is.