iris
Post by OCTAVIO ZEDEBTC
User Avatar
Evelin
Did someone say something about CBDCs?😱
⚡ 0
❤️ 0
TheBitcoinManual
We dare not say its name!
User Avatar
Marc
To me, tje CBDC risk profile doesn't seem much different than business that DO NOT accept cash.
User Avatar
Hawk
Hmm... Can a business program your money so that you can only spend it on certain things at certain times and in certain places? A business that doesn't accept cash might have to accept that you'll spend your cash elsewhere.
User Avatar
Marc
So like EBT cards?
User Avatar
Hawk
Like an EBT card, but you have no other means to transact with your own savings. The government will tell you how you may and may not transact.
User Avatar
Marc
I think people will just use better money. USD maxis will use tether. Bitcoin maxis will use sats. There's no reason to put up with the CBDC shitcoin as long as the US government continues to print dollars with debt.
User Avatar
Hawk
Tether is positioned to be the CBDC
User Avatar
Marc
Maybe, but if it's on the lightning network it will at least have some privacy. You can also use it on liquid which is pretty private. Tether on Solana or Ethereum could be a CBDC. This is how I see it, but I wouldn't use Tether because of counterparty risk. It does not solve the double spending... show more
User Avatar
OCTAVIO ZEDEBTC
Many see CBDCs as a threat to financial freedom, opposing Bitcoin’s philosophy.
User Avatar
OCTAVIO ZEDEBTC
Risks: Total surveillance of transactions. Government control over money usage. Possible removal of cash and financial restrictions. Difference from Bitcoin: Bitcoin is decentralized and ensures financial freedom. CBDCs are centralized and controlled by the state.