Topic: A person that is against the creation of CBDC. - page 3. (Read 565 times)

Doesn't seem to me like modernization. As said by pooya, we already have banking apps, which are designed to be used by the dumbest. A central bank's job, at least as far as I understand neo-liberalism, is to control the extent to which banks can manipulate interest rates. The central bank of the EU is supposed to regulate and ensure the integrity of the banks, rather than introduce an app that circumvents their authority. It is an abrupt departure from their usual responsibilities.

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.

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.

These politicians are clowns. There are two categories of clowns: Half of them works in circus and another half works in political parties. And people are so naive that it's stupidly unbelievable. If Trump is such a Patriot guy and cares about American citizens, then why was he avoiding taxes? I mean, he wasn't paying taxes, managed to get rid of them and he is proud that he did that and says that this fact means that he is smart. This action of his means that he wasn't paying the money that was meant to be used for the government and for the people, he was stealing money from the people and was humiliating the people who were honest workers and were paying taxes. And now there are some people who believe that he is against the total control of money, how can anyone believe what he says?

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.

It's meaningless to say that, people will believe, no matter what.

Overall, aim is to have cashless society where absolutely every person's money will be controlled. It's not a conspiracy, take a very small loan and don't pay on time, your bank accounts will get frozen but you'll be able to keep cash on your hand and buy something in the supermarket but once there will be no cash left and cryptos will be under complete control, then everyone will be in trouble.

Trump definitely has a good point, eventho the government could also take our Fiat money, but there will still be due and transparent process when government trying to take fiat money, but with CBDC saved on custodial wallet by the government, they can just take CBDC money without even need to disclose the reasons.

And IMHO people don't really need government CBDC, but government might think they need it, it's easier to be monitored and controlled compared to even centralized non-governmental cryptocurrency.

         -   You are right in saying this, mate; if it is not used correctly, it will not have good results and effects on people, including those like us who are here in the field of this industry, to be honest. Because it will still fall through manipulation and so on.

But if the motive and intention are good, the result will be really good. It's just that in the reality of what's happening, it's not really like that, so like you, I can't say that we need the CBDC because I don't see anything good that it has in the world of the crypto space.

possible control of the government on your fund? Is their anything like the possibility or the certainty of the government control on your fund. We should have known that most policies of the government had always centered on how they can regulate its citizens and the CBDC is one of those policies that is aimed also at controlling the independence people have with a decentralized system as bitcoin.

If these statement is not coming from an hypocritical perspective then its a good one to know that a leader at his level thinks positive on the privacy of her citizens and is kicking against CBDC.

I think the same, since you can be saying that now, and then come to power, contradict yourself and launch the CBDC, as happens with certain promises of politicians.

In any case, and without liking the character too much, I prefer one who says at least a priori that he is not going to launch CBDCs than another who is already working on implementing them. I don't remember any renowned politician in Europe having such a clear message against them, and I would like to see one.

I still think that CBDCs, in whatever design, is a matter of when and not if. It might not be implemented in the next decade or two, but the world is surely shifting to the digital version of doing things. Everything is slowly digitalized. I don't think money will be left behind forever.

While I agree with what former president Donald Trump said, if I were working at the other side of the fence, I would strongly push for it. If I were a law enforcer, for example, confiscation and seizure of money involved in criminal transactions would be made a lot easier for me with a CBDC.

Anyway, Trump's words could be taken with a grain of salt.

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.


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°

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.

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.

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.

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.

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

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As for Trump's opinion of freedom, I choose to believe his statement only after US presidential elections.

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...

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

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.

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.

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.

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.

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.

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.