A person that is against the creation of CBDC. - page 2.

Huppercase

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Quote from: DVlog on January 21, 2024, 02:29:15 PM

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.

DVlog

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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!

killerfrost

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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.

cryptosize

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Quote from: pooya87 on January 21, 2024, 01:53:45 AM

Quote from: cryptosize on January 20, 2024, 03:05:31 PM

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!

Mate2237

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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.

pooya87

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Quote from: cryptosize on January 20, 2024, 03:05:31 PM

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.

Queentoshi

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Quote from: 0t3p0t on January 19, 2024, 04:53:03 AM

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.

Quote from: 0t3p0t on January 19, 2024, 04:53:03 AM

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.

Quote from: 0t3p0t on January 19, 2024, 04:53:03 AM

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.

Quote from: 0t3p0t on January 19, 2024, 04:53:03 AM

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.

Renampun

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Quote from: 0t3p0t on January 19, 2024, 04:53:03 AM

...
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.

cryptosize

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Quote from: pooya87 on January 20, 2024, 02:11:10 PM

Quote from: cryptosize on January 20, 2024, 08:53:44 AM

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.

Canada still has physical cash (CAD). It's not mandatory to have a bank account to use fiat money. It's optional. With CBDC you will be forced to install a mobile app from the central bank (FED, ECB etc.)

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.

pooya87

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Quote from: cryptosize on January 20, 2024, 08:53:44 AM

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.

Quote from: NeuroticFish on January 20, 2024, 10:20:32 AM

However, you've missed my point, so I'll explain it better: did Trump done anything good for the (specific) voters? did Biden do? If so, there's some ground for a second chance for them. No? Then give a serious look to the other competitors.

But all presidents do at least something good for some voters in their term. The damage they cause is the reason why there needs to be an alternative.
Lest we forget, Trump was the only POTUS (as far as I know) who was stripped of all his powers by the chairman of joint chief of staff before his term ended. Since as general Mark Alexander Milley said and I quote he feared Trump would pull a "Reichstag moment". That is when Hitler cemented absolute power for himself by burning down the parliamentary building amid street terror. Note that this was said months before Trump incited violence that led to people raiding the Capitol building!

cryptosize

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Quote from: Lucius on January 20, 2024, 10:09:26 AM

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.

If someone had told you 5 years ago about mandatory lockdowns/masks/vaccines, chances are you would have dismissed it as "too authoritarian, this can only happen in China".

Give it some time and we'll see (I sincerely hope you're right and I'm wrong)...

Antotena

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Quote from: 0t3p0t on January 19, 2024, 04:53:03 AM

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.

Trump is a demented candidate that want power by all means, he knew the hate towards the CBDC idea and he is using that stylishly to campaign for his own selfish interest. What more will politicians use to fool the people. It's possible that he might even get there and his sense of reasoning towards CBDC will change or even modernized it to suit their own interests and not the people again.

I have read many places Trump has been anti Bitcoin when he was the President of United States for good four years and Biden use that to campaign for his election and he won but today, has he fulfilled the promise he maid for people? No! It was under his watch Gery Gensler played everyone with Bitcoin ETF and no special investigations was done on SEC for such rug manipulation. You know what? Believe politicians at your own peril.

NeuroticFish

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Quote from: pooya87 on January 20, 2024, 07:22:34 AM

Quote from: NeuroticFish on January 19, 2024, 12:41:35 PM

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.

I'd say the real question voters should ask themselves is why should their choices be between Biden and Trump anyway? Two elderly men who don't know what they're doing half the time. Can't they really come up with anybody better in a country with 330+ million?!!!

The reason is simple; people are too "lulled" to do anything, which is why nothing changes in systems like what we see in America. Otherwise if they wanted to "make America great again" for real, they would have changed the corrupt system instead of trying to install this old man or that old man into office every 4 year into the same broken system.

This problem is there in pretty much all democracies. You have the right to vote, but you don't really have any proper choices to actually vote well.
And then yes, the equation comes down to two elderly men and very few others that actually don't stand a chance because their campaigns are underfunded and people don't get to hear about them.
Plus, a president has pretty limited powers actually...

However, you've missed my point, so I'll explain it better: did Trump done anything good for the (specific) voters? did Biden do? If so, there's some ground for a second chance for them. No? Then give a serious look to the other competitors.

Lucius

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Quote from: Churchillvv on January 19, 2024, 08:58:45 PM

~snip~
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.

From the idea of a decentralized cryptocurrency to having ETFs and companies buying and holding hundreds of thousands of Bitcoins, I wonder what Satoshi thinks about all of this if he is still alive. The idea was good (and still is), but most people today use Bitcoin as an investment, not as a currency.

Quote from: Synchronice on January 20, 2024, 06:20:50 AM

Quote from: Lucius on January 19, 2024, 06:23:35 AM

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.

I think that Chinese model will soon be implemented in so called democratic western countries because it's the perfect model to control people for a very long period of time.

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.

Dunamisx

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I don't even know which is worst between CBDC and altcoins, we cannot give it a take that everyone will admit the fact that digital fiat were as acceptable as the way the government perceived them to be, the people truly needs bitcoin and not any other forms of digital currency, this is the way we should see how cryptocurrency had come in place to give us alternative to financial currencies by offering us bitcoin, so it won't be a surprise seing some people accepting it while some going against it, but CBDC is never a better idea over crypto.

kryptqnick

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Trump can be against CBDCs, but he isn't pro-Bitcoin, and he is very pro-USD. What he's saying about a CBDC is something that should appeal to his supporters and seems to align with the value of freedom (viewed as a limitation of the authorities overseeing things), which is something Republicans heavily rely on. But the USD is also fully under the control of authorities, so being against CBDC which being so pro-fiat is a manipulative and incoherent position. I'm happy to see that many people around here can look beyond what he's saying and focus on the reason he's saying that.

sokani

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Quote from: 0t3p0t on January 19, 2024, 04:53:03 AM

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.

One thing I know is that a politician would say anything just to buy your heart and get your vote, the moment he occupies the office, he'd turn a blind eye and pretend he never said anything. Fiat is a tool for the government to exert control over the people, but CBDC comes with an increased surveillance of your financial activities and a threat to privacy. The government knows this and thankfully some of us know this too. Spilling out this secret does not mean Donald Trump has our best interest.

cryptosize

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Trump cannot stop CBDC, nor go against FED's wishes, unless he wants to have JFK's fate. Wink

CBDC will come around 2026-2027 with Taiwan's invasion by China.

The collective West will impose sanctions on Made in China products (most solar panels are made there), Weimar-style hyperinflation will kick in and will destroy all fiat currencies (USD, EUR, GBP, CHF etc.)

That will be the perfect opportunity to introduce CBDC as a "New Deal" for the economy, along with erasing public/private debts (which also means all public/private property will be confiscated as a compensation).

Feel free to bookmark/screenshot this post for future reference.

Quote from: pooya87 on January 19, 2024, 08:59:44 AM

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).

Not true.

The current fiat money doesn't have: 1) social credit score (see China/e-CNY), 2) carbon credits (which will limit your red meat/gasoline consumption due to climate change).

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.

No offense, but I'm flabbergasted when I see Bitcoiners (let alone old timers!) being totally oblivious regarding CBDC dangers. Huh

I consider Bitcoiners highly educated in economics/freedom/politics, but maybe I'm wrong... Roll Eyes

pooya87

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Quote from: BlackHatCoiner on January 20, 2024, 07:38:20 AM

And? It's not them who really make the decisions, it's the representatives of each political party. To me, the presidents are rather just an image needed to present the parties in the media.

As the commander in chief, the POTUS does a lot more than just "represent a party"!
Besides, other parts of the US government are no better like the US congress. There are fossils in there are even worse than Biden and Trump combined. Some of them can no longer stand up or speak.
Here is one example: https://www.wsj.com/video/watch-mitch-mcconnell-freezes-while-taking-questions-from-media/7A2694C9-CFE0-4B43-907B-55CBD7DC4FE9

EluguHcman

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Everything he said could on lies on his political ambition.
It is always easier to say than to do so, all that he has said could be a strategy to secure his mandates.
Literarily that could all be campaign speeches to win the publics minds basically for his political interests.

Topic: A person that is against the creation of CBDC. - page 2. (Read 642 times)