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Topic: Bitcoin: A Trojan Horse for CBDCs (Read 79 times)

legendary
Activity: 3066
Merit: 1049
Eloncoin.org - Mars, here we come!
April 27, 2024, 04:32:10 PM
#5

Base on this press, it was said the first CBDC launched in 1993, if CBDC is really a great invention, why the system was dropped and at that time CBDC weren't popular? Huh

When Bitcoin become successful and it has been discussed in everywhere, why the government is trying to talk and issuing CBDC during this time? obviously they want to compete against Bitcoin and trick many Bitcoin's naysayers to buy CBDC.

Even the purpose of Bitcoin is against Bank, but Bitcoin didn't force anyone to buy Bitcoin and avoid banks, it's already clear which one is the trojan horse.

Central bank digital currencies (CBDCs) are digital versions of cash that are issued and regulated by central banks. As such, they are more secure and inherently not volatile, unlike crypto assets.

While some may assume that CBDCs are a new concept, they have in fact been around for three decades. In 1993, the Bank of Finland launched the Avant smart card, an electronic form of cash. Although the system was eventually dropped in the early 2000s, it can be considered the world’s first CBDC.


because it will be too alarming to just implement CBDC abruptly and so the government has to do it little by little as explained by Lynette Zang here https://www.youtube.com/watch?v=8Ox5c0M8SVU

Makori also said here that bringing Bitcoin into the ETF means centralization which its just the same as the old system.

but here's a good part.
https://youtu.be/8Ox5c0M8SVU?t=517
Gold: YES
Silver: YES
Bitcoin: MMMM

ever heard of someone saying there is no such thing as a coincident?
hero member
Activity: 672
Merit: 557
March 23, 2024, 09:48:34 AM
#4
Base on this press, it was said the first CBDC launched in 1993, if CBDC is really a great invention, why the system was dropped and at that time CBDC weren't popular? Huh

When Bitcoin become successful and it has been discussed in everywhere, why the government is trying to talk and issuing CBDC during this time? obviously they want to compete against Bitcoin and trick many Bitcoin's naysayers to buy CBDC.

Even the purpose of Bitcoin is against Bank, but Bitcoin didn't force anyone to buy Bitcoin and avoid banks, it's already clear which one is the trojan horse.

Central bank digital currencies (CBDCs) are digital versions of cash that are issued and regulated by central banks. As such, they are more secure and inherently not volatile, unlike crypto assets.

While some may assume that CBDCs are a new concept, they have in fact been around for three decades. In 1993, the Bank of Finland launched the Avant smart card, an electronic form of cash. Although the system was eventually dropped in the early 2000s, it can be considered the world’s first CBDC.

legendary
Activity: 3724
Merit: 3063
Leave no FUD unchallenged
March 23, 2024, 09:16:34 AM
#3
There's no competition.  Imagine people are pushed into using fully digital money and physical cash disappears.  People are quickly going to realise that CBDCs mean their accounts can be frozen, their transactions can be blocked or reversed and their funds can even be seized/confiscated.  On top of that, their purchase history will be tracked/recorded/monitored and all of their spending habits will be sold off as data to whoever is willing to bid for it. 

Conversely, using Bitcoin means none of those things are likely to happen (as long as they don't leave their funds in the hands of custodians). 

CBDCs are the Trojan Horse.  They're just a bad deal for privacy and freedom.  People are going to invite it into their homes and then they're going to regret it.
hero member
Activity: 1722
Merit: 801
March 23, 2024, 08:28:59 AM
#2

Bitcoin: A Trojan Horse for CBDCs

Lynette Zang, Founder & CEO of Zang Enterprises thinks Bitcoin is the Trojan Horse and said that it wasn't a coincidence that it came out in January of 2009 when QE started in March. And because of the timing of when it came out which was after the 2008 financial crisis, she suspects the NSA has something to do with this.
their conversation led Michelle Makori to be neutral in her view but would like to present a panel to debate with Zang about this.
NSA did it for what?

Honestly if the USA. had problems with their economics, why did NSA need to step in and create Bitcoin in 2009?

I don't find any logic here and why NSA had to do this. I believe that Bitcoin is a natural improvement in cryptography developments and before Bitcoin, there were some other digital currencies but they did not get success like Bitcoin.

Satoshi Nakamoto tried to code and build up Bitcoin, and decided to launch it at the right time, global financial crisis in 2008.

Bitcoin Prehistory.
legendary
Activity: 3066
Merit: 1049
Eloncoin.org - Mars, here we come!
March 22, 2024, 04:45:28 PM
#1

Bitcoin: A Trojan Horse for CBDCs

Lynette Zang, Founder & CEO of Zang Enterprises thinks Bitcoin is the Trojan Horse and said that it wasn't a coincidence that it came out in January of 2009 when QE started in March. And because of the timing of when it came out which was after the 2008 financial crisis, she suspects the NSA has something to do with this.
their conversation led Michelle Makori to be neutral in her view but would like to present a panel to debate with Zang about this.

here's one question that pops up in their discussion.
do you agree with what Zang is saying that because Bitcoin was brought into the traditional system through ETFs mean Bitcoin is not outside the system?
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