Do people actually want CBDC?

[2stout]

I prefer bank and digital money over this CBDC shit! Why would anyone want to use a coin that's controlled by the government but works slower than a digital bank? Let's be honest, it's more difficult to use in day-to-day activities. I don't want to pay with CBDC in restaurants LOL

It's a hilarious and baffling idea to begin with. I remember a quote now when I see CBDC 'First they ignore you, then they laugh at you, then they fight you, then you win'. The governments are trying to change the last part to 'They you get copied' haha

The same government calling crypto a scam, a bubble, a plague, is now interested in making one of their own? Interesting.

The only ones to benefits out of these CBDCs would be the government. I do not really think these coins can get mass support from the community.

Yes, some new people who want to explore blockchain space and want the government to be involved might go for these coins but a regular trader or an investor will avoid these coins at all costs. I would personally never go for these CBDCs and would stick to our traditional cryptos like bitcoins, etc. Government was against cryptos at the very initial stage but they can now sense the benefits. I guess they don't want to be left out and that is the reason why they are coming up with this CBDC.

I agree with you regarding the government being the main one to benefit and esp that these won't get mass support from the community as who want to be surveilled.  Banks may benefit some too as it could reduce expenses but that won't be trickled down to the consumer in the form of lower banking costs as they will basically eat all the profit margin.  The bigger play may be the surveillance, Trojan horsed by being presented as CBDC.  Should be more like Central Bank Surveillance Currency (CBSC)/ Central Bank Surveillance Fiat (CBSF).

[lixer]

I have never been a fan of CBDC because they kill the fun. Cryptos are meant to be decentralized which keeps them transparent. Centralizing these assets will only eradicate transparency and anyone holding majority of that coin would be able to manipulate the markets for their own good. I don't even trust the government for this and think they themselves can manipulate the price of this so called CBDC to gain profits. Let's not forget about the corrupt officials any regulatory body might have.

CBDC is not really appreciated by us but government are thriving on it. They want to centralize the entire space as quick as possible and they would do whatever possible to achieve this. People might have different opinions here but I personally would never trust these CBDCs.

[Abiky]

So true! We don't want CBDC because stable coin is already enough. Don't wanna see crypto market to be floded with so called digital fiat issued by the bank. Nevertheless, the good part is that Senate is hearing our wish, and they're passing the bill to ban FED from issuing CBDC.

So this bill is likely prevent CBDC to exist.

The bill only prevents a US CBDC from happening until 2030. After that, nothing should stop the FED from doing this. Unless, the next administration decides to extend the deadline even further. There are predictions that Democrats will win back both chambers of Congress, so it's likely the US will succumb to the same globalist agenda as other countries. The EU is not being left behind.

Eventually, the whole world will switch to CBDCs until we end up living in a totalitarian era. That's why Bitcoin was invented in the first place. To bring freedom and privacy (sort of) to everyone. People are missing the true point of crypto. Hopefully, they'll understand once this nightmare (CBDCs) becomes a reality. We've all been warned...