Topic: Bitcoin vs CBDC - Print your own stickers (Read 492 times)

For a community of people that understands the enormous benefits of financial freedom that's  open to them under the decentralized system of crypto currency such a people don't need to be persuaded or preached to about crypto with flyers and posters. Taking up such process will only seem like a global battle between cryptocurrency and CBDC and they can jump on the opportunity to spread false signal using their centralized authority to get the unsuspecting public to conceive that we're promoting some shit scam especially in a third world where crypto is yet to be notice and understood with it's decentralized benefits. The bitter truth is that no matter how much efforts the CBDC puts in to make it's citizens in their country to accept it's digital currency system crypto will always prevail over it and my country is one of such example where it's digital currency system called eNaira that was introduced ended up turning to a failed experiment as those that initially engaged into it ended up pulling out cause it lacked trust and transparency.

Is anyone following what is happening with Nigerian terrible experiment of removing all cash and introducing their own CBDC digital currency eNaira?
Demonstrations and riots are happening everywhere, people are pissed off and many banks and ATM machines are burned and destroyed.
I guess rulers want for people to have nothing and be happy

This planned CBDC virus is spreading fast, so we already have Japan announcing their own CBDC pilot program starting in April, similar time like Russia:
https://decrypt.co/121584/japan-announces-launch-new-cbdc-pilot-april

Similar thing is happening with central bank of the United Arab Emirates (UAE) that plans to release CBDC digital dirham:
https://www.coindesk.com/policy/2023/02/13/uae-plans-to-issue-a-cbdc-to-promote-digital-payments/

One European country Montenegro is working with Ripple on their digital currency pilot project:
https://cointelegraph.com/news/montenegro-s-central-bank-teams-up-with-ripple-on-digital-currency-pilot-project

Off course that theWEF would be the most inetrested in implementing CBDCs. The WEF is humanity's worst enemy as they are trying to get everyone slave before 2030. CbDC are just a move for them to stay in control. All they want is to have their hands on everything. Remember what they want for you is "You will own nothing and you'll be happy" I guess this says it all. Fuck the WEF.

Most altcoins are shit and centralized but they are backed by supply and demand whereas the CBDC just by nothing other than promise of central bank which is more vulnerable than owning something which has actual value.

I don't know how much accurate the world map is but countries like India, CHina and few others launched their CBDC but not pushing it too much for now among their citizen but sooner we can expect them to make such efforts.

It's safe to say that it will be a niche market at best as the vast majority of people will stick to their tried-and-tested credit cards / PayPal / CashApp / Venmo / Zelle and won't bother with some random government project even if that's what they want them to use, like your uncle ("what?") and your friends ("what?").

Nothing to worry about here. This strikes me as sort of an Occupy Wall Street - kinda thing.

so your saying there are 1000 countries in the world(facepalm) and only 1 CBDC in development (facepalm)
its more like 200 countries and about 20 that are in beta (thus 90% not in beta)
about 50 are in alpha and the rest are just whitepaper theory

maths, its great

but i do agree you and others should read more.. but.. ALSO make comparisons. see the variances, see the possible directions. dont be picky, explore the wide picture landscape

Well 99.9% of CBDCs are not even in development stage, they are just being "researched". So there isn't anything to read about and we can't really say what they'll be like or even if they will be created some day!

The small handful that were actually released are in a small scale testing phase and I have not seen any reliable source that confirms the 2 main characteristics you claim the CBDCs have in your post. If you have a reliable source like to Chinese central bank that says it has an expiration date or it must replace cash please post it here.

The two others that I know of didn't have the two conditions either. The Venezuelan one was more of a scam to raise funds and cover the budget deficit for the government experiencing hyper inflation.
The Iranian one that is released and is in testing phase also doesn't have any kind of expiration date. It also can not replace cash in Iran even if it wanted to.

other things you will learn if people actually try to read things and research things from actual sources like BIS hyperledger

most CBDC are acting similar ways to mainnet+layer2.. because its the friggen banks and institutions that first buzzworded "layer 2" when they were doing hyperledger conventions/conferences inviting devs of crypto in to help them and the devs walked away with new words to start then sandbox testing in crypto(back in 2015 era)

also the BIS (bank of international settlements) is due to central bank demands allowing(proposed in draft) a 2% collateral holding of mainnet cryptos like eth/btc and a higher unset % of stables
meaning those central banks that use BIS will be lobbying government to not ban crypto
https://www.bis.org/bcbs/publ/d545.pdf

Me,  I am not worried about Bitcoin here. I am worried here is most of the altcoins here, most of the altcoins right now are centralized. There is no threat for Bitcoin here as even if there will be CBDC, it's still fiat and it's still the opposite with Bitcoin, the inflation is still there. While Bitcoin is solving the problem that we have right now in our traditional finance.

I'm a little pessimistic about all these efforts to stop CBDC. I think CBDCs will have their time eventually and the cold cash era will come to an end. That's something that's bound to happen.

But I'm still in full support of this initiative. If only to let the leaders know that I'm against it and whatever it implies especially to our privacy. It may not stop them of course. After all, the leadership always has this tendency not to listen to the people, to create policies that are not based on the people's preference. At least I'm speaking out.

But regardless of the outcome of these efforts, I will continue to shift little by little to Bitcoin.

AT THE MOMENT.

The thing about centralised programmable money is that someone can change the rules.  And obviously they're not going to do anything to make it look unappealing until everyone is onboarded and unable to escape.  That's when it will suddenly become the authoritarian's wet dream.  For those who don't avoid the trap, it'll be too late to do anything about it by that point. 

CBDC is the same policies as fiat. same delegated roles of financial institutions(commercial banks/payment services policing customers)
same suspect reporting same court order seizure system.. and yes that includes china's e-yuan

yep china has not nor is nor will be a "one wallet one app" system. unlike what certain people probably heard on their trump favouring news media
yep some of you are mind blown.. right? itsing to press the reply button that franky is wrong coz "fox news said"
well sorry to burst your nightmares..  china has never and is not preparing to be a one bank, one app system

it really does pay to do research away from social circles and certain media circles

and no there is not a "CBDC online balance expiry dates".. there is however,idea's /theories to include, as a backup monetary system.. a physical coupon as a backstop for remote locations with bad internet/electric to still allow people to trade offline.. during communication outages..

take canada's explanation
https://www.bankofcanada.ca/wp-content/uploads/2021/12/swp2021-67.pdf

in short those coupons will be smart cash. where if its not deposited back into an app after X months. its not declared lost. its just cancels the coupon validity and the value returns to the last known recipient, obviously giving people plenty of time to claim/mark the new recipient to refresh the expiry and keep the coupon in circulation

They are not the same because CBDC can only be implemented if cash is removed from use.
Second, CBDC will have expiration date like coupons, and they will be connected with digital ID, that is something we don't have currently.
I see that you don't know anything about CBDC so I suggest reading more before you are making comparions with current fiat monetary system or something else.

You probably never visited Chain and you don't know how things work there, but they are already functioning almost like obedient robots.
I know people who lived and worked in China, and there is a huge difference with people in the rest of the world, that is why they are testing ground for new stuff.

I never celebrated that and I don't anyone anyone who celebrated PayPal started selling Bitcoin.

Yeah, but try to explain this to tik-tok generation

Your problem is that you think CBDC and the current "global fiat system" are separate from each other. But they are the same exact thing. Besides, they've been printing fiat in digital form for many years now and only a small percentage of it is in cash form (there is no enough paper on earth to print all of it!). Whether it is called digital banking or CBDC is not going to change that.
As I said this is just a hype that banksters are following.

There is no difference between people in China and their level of brainwashedness and people elsewhere.
Have you forgotten how many people celebrated the day PayPal started selling bitcoin without even having any bitcoins to their dumb users while not letting anybody withdraw?
If PayPal, Bank of America, etc. suddenly revealed PP-coin tomorrow the same people will still be happy and buy that centralized altcoin.

The introduction of CBDCs will be all about 'nudge theory' and social manipulation.  They'll take a very soft approach with it initially, but will gradually make it ubiquitous.  By design, it will be easy to get onboard, but getting out again will be considerably more challenging.  And when they have enough people ensnared, that's when they'll tighten the noose.  

Once you have an entire populace reliant on a system which holds the potential for total surveillance and control, it's only a matter of time before someone in authority tries to corrupt that system to further their own goals or agendas.  

It's vital people are made aware of the potential for abuse with this.  It's a dystopian nightmare-in-the-making.

Also, CBDC is the government solution for cryptocurrency volatility.  The government is made aware of the importance of Blockchain but they cannot simply accept any cryptocurrency because they don't have control over it so they create CBDC.  The government also noticed the high volatility and non-regulation of cryptocurrency which they think is a negative thing so they created CBDC to fully control the network and spy on the wealth of their constituents.

The sad part about CBDC is it is closed source, and private making us unable to verify the codes they implemented on the application that will run their CBDCs.

dont be so sure on that either. the central banks are actually negotiating with the BIS to be allowed to hold some bitcoin for central bank trading internally(their banking sector wholesale markets between each other) by 2025
https://www.pymnts.com/cryptocurrency/2022/bis-sets-limits-on-bank-exposure-to-crypto-markets/

yep central banks couldnt by BIS policy hoard or trade bitcoin internally before due to BIS terms.. but they are pushing the BIS to allow it.. initially CBDC wanted 5% buffer space of possible collateral in bitcoin, the BIS is settling to accept about 2%(things may change by 202 when the draft becomes final policy)

it really does help to do some research from source locations like from the central bank international settlement governors that set central bank policy

you can also learn alot about types of CBDC from reading other stuff from the BIS including their m-bridge (the IMF of CBDC)

Oh please don't be so naive, they are allowing us to play with Bitcoin for people to get used on digital currencies, wallets and qr codes, but once they move to CBDC globally they can easily make Bitcoin illegal, and send people to prison if they use it.
Most of the genpop don't care about anything else than convenience and cbdc will be very convenient for sure, just like coupons with expiration date

I didn't say printing stickers will change anything, but this helps in spreading word and people may actually do research about CBDC instead of blindly accepting any mainstream narrative.
I am sure they will present CBDC as life saving tool after they pump this current global fiat economy system to explosion in near future.
People is China are so brainwashed they will be the first to accept this, and they will do it gladly, and people who like this should move to China right now to experience this ''benefits''.

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