Topic: Bitcoin is the vaccine against the CBDC virus - page 2. (Read 381 times)

I think the spread of CBDCs can't be likened to a pandemic yet. It is not widespread yet. Although many countries have either studied or piloted their own versions of CBDCs already, there isn't a single country yet that is using a CBDC as its official currency. So if we are to liken Bitcoin to a vaccine against something considered a pandemic, it must be against the fiat currency itself, which a CBDC essentially is though. But Bitcoin is basically a solution to the kind of monetary system we have in place right now.

There is a popular saying in my country that says: "Where there is smoke, there is fire".

It is a fact that is not yet a reality. But is it really that far from being? The major world economies are carrying out extensive studies on the implementation of CBDC.

We can question whether they will implement after these studies. Well, why would they say no to a financial system that gives complete control to the Central Bank and governments?

The European Central Bank is in the final phase of the study it is carrying out on the subject, during 2023 we will have news about the result of this study and the next steps. That's why it's pay attention. You can find out more here:
https://www.ecb.europa.eu/paym/digital_euro/html/index.en.html

sounds like you watch too much fox news and dont do much research on that topic.. the death rate due to vaccines is less than death rate of those unvaccinated. sorry to burst your horse tranquilliser induced propaganda

you cant have a defense against something unfelt before.
its like first time you get into a punch up(fight) your not expecting it so you get the worst of it. so you need to train your body incase you enter another fight. you can try to learn by yourself, but take many punches along the way.. or you can get a trainer


previous statement i said put aside, and lowering standards to your level as analogies
 fiat is a common virus. it causes problems no one likes it but people got used to getting it and just continued on with their lives not caring about how negatively the effects are of getting it

CBDC is a mutation virus which occurred due to virus evolution, by getting around some flaws of the first generation my mimicking and understanding the defence.

and bitcoin is the defence against the virus(s)

the issue though if you look into the actions since 2014 of how those in authority have manipulated certain aspects of bitcoins defences. it is slowly turning bitcoin into an auto-immune disease where the evolved defence, attacks its own native defence

side/subnetworks to-from bitcoin advertised as the solution to bitcoin defence flaws. is actually causing more problems for bitcoin.

pre 2014 bitcoin was deemed private property(no regulation needed), then it got declared as a epidemic(mainstream currency) where regulators got involved. and now that it has side subnetworks  its now deemed a commodity(primary asset/mineral/produce that creates other products). where even more regulators are involved
where by even these subnetworks are harming bitcoin rather than letting bitcoin grow naturally onchain

People talk about CBDC as if it's a big thing, but it's not. They do not exist, they are just fantasies of some government officials. They didn't even start after the creation of Bitcoin, talks about a government-owned digital currency existed before Bitcoin too. That's because from time to time people in government think that it would be cool if they owned a payment network themselves and didn't have to deal with banks and companies like Visa to monitor people's transactions.

CBDC is not bringing government-owned digital currency closer, in fact I'd say it's postponing it, because basing this project on cryptocurrency design would only be detrimental, because crypto can't scale well and it's hard to develop, unlike easy to understand and develop centralized systems. If CBDC would emerge, it would have nothing to do with Bitcoin and crypto.

This is an interesting point.

But I would say that natural immunity is not using money! But today this is difficult to happen, despite some trying.

The money virus was created by governments, which is now gaining momentum that will make society even more dependent on it and under greater control. In this sense, you can say that Bitcoin will be the vaccine for this new variant.

Either way, I think the author of the text just wanted to make an analogy with terms that are right in people's minds because of the pandemic.

This is a horrible analogy.  Given the dangers of the vaccine and it's recipients dropping dead all around the world, I take a bit of offense to this allegation of similarities.  If Bitcoin is the vaccine, what's the natural immunity, because that's where I'd want my money...  I get the sensationalism of touting the word vaccine to get attention, but c'mon...  If anything I would say that the dollar is the virus, CBDC is the vaccine, and Bitcoin is natural immunity.  Be strong, be independent, don't wait for the government to save you with their experimental vaccines or CBDCs...  Bitcoin is not the government provided vaccine, Bitcoin is natural immunity.

Just accept the fact that government will not use Bitcoin as the national currency in normal conditions.  The government doesn't consider what you have now but takes priority on what they have now and what they need to have. They either go with the trend of Bitcoin or do things that can compete with Bitcoins.  Typical of the government to release things that can have control over people or be able to spy on people's property. 


The government only tells people the things they "have" to know.  They never tell people the hidden intention behind the implementation of that thing.

Thank you for indicating the official English version. I discovered the same later, but you were faster.
I've updated the original post with your suggestion. Thanks.


Of course the article, is an opinion piece by the writer. But that reflects a reality that should cause greater concern than it is causing.

CBDC allow the government to force the money to be spent or not, where to spend it among other things. But of course the governments will never say this clearly to the population, they will just convey the idea that it will be a new form of money where the person will have greater security and that does not need intermediaries. But this is just one of the few advantages this system has. As for the governments, it's just advantages.
 

I generally agree that CBDCs are another step away from privacy, although not a very big one after bank accounts and huge tech giants. For example, I recently visited one of those Amazon stores where you scan your Amazon account at the entrance, and then just take any products you want from the shelves (without scanning them anywhere) and leave without paying. The money is withdrawn later from the card linked to your Amazon account. While convenient, it does make you feel like you're in a Black Mirror episode. CBDC, IMO, isn't a big step further away from privacy after such things. And just like those Amazon stores, someone will find CBDCs convenient and won't care enough about privacy to be against them.

I would say it's not as terrible as you make it out to be. I do not mean to say that they are not going to use it to destroy your privacy, but imagine the regular situation we are in right now without CBDC, is it any different in government world? Think about it this way, you have majority of the world using banks, debit or credit cards, loans etc, which means it is already tracked, only thing that you won't be tracked is cash, which could still technically be tracked, but harder.

This means the same with CBDC, even bitcoin can be tracked, so only way would be moving it to privacy coins, if you want to, and it won't be tracked, or just use bitcoin, so get CBDC and turn that into bitcoin and if you are not worthy of tracking, they won't.

bitcoin was designed as a sole custody option of a deflationary currency
however features of the last 5 years are about co-signed part-signed options of group authority of value

bitcoin was designed as a peer-to-peer  deflationary digital cash currency
however features of the last 5 years are about off-ramping users to other networks for the "cash" style payments. and have bitcoin as the elitism reserves of corporate hubs


bitcoin needs to get back to how it was architectured in 2009-16 and then open up transact-ability for all  to reduce costs and expand utility

CBDC invented the 2 layer system and bitcoin devs decided to emulate CBDC 2 layer system and become the corporate sandbox test for CBDC

we need to do better then CBDC not become like them

At every introduction of bitcoin against a centralized currency there will always be difference, bitcoin has been the only digitally most recognized currency that provides freedom others cannot which is the more reasons everybody want to invest with bitcoin and remain decentralized from the influence of the third party system, cbdc and bitcoin may be thesame under digital currency but one is fiat and the other a crypto, this makes it an additional accumulation of potentials bitcoin has come to offer with world economy whereby fiat couldn't make a difference over the years and if definitely a change is needed then it has to come in with the introduction of bitcoin over fiat.

Some notes seem to change when they are published elsewhere, but the main message doesn't change. And you should delete one of your replies, because there are two identical posts here.

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I also have the same opinion. CBDC is just similar to other fiat e-wallets like paypal, skrill, payoneer, and others.

Sure, I don't think any country's government will ever use Bitcoin as the main legal tender for their country, and there will always be a centralized currency, whatever it is.

I don't hate fiat because I still use it every day, and it's still necessary for us, but the truth is that CBDCs are the worst and most trashy thing the government is trying to create. Although it offers more utility than fiat, we already have bitcoin, and we don't need more CBDC. CBDC is just a tool for them to control us entirely, I have never hated the government, but with the CBDC initiative, I cannot take their side.

Thank you for the translated version, although even in English a lot of the message the writer was trying to pass was lost on me.
For one, fiat has been digital for a long time now, with the exception of cash transactions which can be accounted for at the final point of exchange. CBDCs would not function much differently from internet or mobile banking which are under the full control of the government.

Bitcoin also is not a solution to government plans and policies. CBDC would exist and would possibly be adopted by other countries who are not subscribed to it now, and there would be citizens who do not mind a third party being up in their business.

- Jay -

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Thank you for the translated version, although even in English a lot of the message the writer was trying to pass was lost on me.
For one, fiat has been digital for a long time now, with the exception of cash transactions which can be accounted for at the final point of exchange. CBDCs would not function much differently from internet or mobile banking which are under the full control of the government.

Bitcoin also is not a solution to government plans and policies. CBDC would exist and would possibly be adopted by other countries who are not subscribed to it now, and there would be citizens who do not mind a third party being up in their business.

- Jay -

[moderator's note: consecutive posts merged]

CBDCs are indeed evil! With cash, we still had some certain degrees of anonymity. But with CBDC, that last amount of anonymity is gone as the government will have a bird's eye view on its citizens' finances. It will become extremely easy for the enforcement agencies to catch money launderers and tax evaders. But also, it will create multiple issues on a normal person's life. Fully digital economy is a highly risky proposition.

Bitcoin and other decentralised cryptocurrencies are definitely going to act as a vaccine to a centralised system where privacy doesn't matter anymore!

One of the interesting is that he compares cryptographic technology with nuclear technology which can be manipulated at any time by anyone, and according to him CBDC is an abuse (personal conclusion).
By the way, Dario Rodrigues (author) has a personal blog. If you want to read his articles in English, just visit his blog: dariorodrigues.net

CBDC’s are evil, total control & communism by governments. The thought of them makes me sick. Imagine being unable to buy more meat this month because your social credit score indicates you’ve had too much so your government controlled CBDC payment is declined. That’s what this whole thing is about, a CBDC twinned with a social credit score for everybody.

I will not be a part of the Great Reset, this is why we have bitcoin.

sorry to inform you,,,

CBDC are using idea's from the hyperledger project.

the hyperledger project is using bitcoin as a sandbox to evolve CBDC("layer 2 solutions")

yep bitcoin innovation for onchain scaling to be a utility for the masses has been choked and helld back, because the bitcoin innovation is calling subnetwork (hyperledger buzzword 'layer 2") as solutions..
where we are stuck with a broken flawed LN network being the service offering for so called scaling. yet after 5 years we have not expanded tx count of bitcoin utility and the adoption rate of LN is super small because its a crap network and not the solution we need

yes as a currency bitcoin is deflationary and beats any fiat/CBDC as a currency unit
but then bitcoin network has been held back for the last 5 years to not innovate bitcoin. with sill sub-par networks that have broken promises and reputation of bitcoin as a viable currency

i love bitcoin, but we have been choked and strangled for the last 5 years

One of the main digital newspapers in Portugal, presented a very good opinion article about Bitcoin:

Bitcoin: a vacina ecológica contra a pandemia digital (Bitcoin: the ecological vaccine against the digital pandemic)
https://observador.pt/opiniao/bitcoin-a-vacina-ecologica-contra-a-pandemia-digital/

The article is in Portuguese, but it is an excellent article that I recommend reading and sharing.

Here's a little bit of what's been talked about: