Topic: Bitcoin vs CBDC - Print your own stickers - page 2. (Read 452 times)

yet you and your chums are the ones shouting "government"
funny now you are shying away from saying politicians

heres the thing. in america for example. TODAY the bankers are lobbying politicians to make a decision in bankers favour for the "debt ceiling"(how much new minted money the treasury can print for bankers going forward)

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as for the english language
its more broader than your narrow (american) translator
if you dont know the terms of "dog and bone" to mean phone.
if you dont know the terms of "knickers" to mean female underpants
if you dont know the terms of "flip flop" to mean inconsistent/capricious
if you dont know the terms of "cry baby" "fangirl" to mean antagonist others based on idolising an influencer

then you dont know enough english

if you think english is about where a full stop is or a capital letter or an apostrophe is. . you are confusing english with grammar

in a discussion, in english spoken discussion.. people do not actually pronounce and say coma, full stop.
so if you are crying about grammar. know this one thing.
this is a discussion forum not a grammar paper being graded

english is not restricted to the narrow view of needing to be a A+ graded grammar paper to be called "english"
maybe if you come to england one day and visit places like hackney, leicester, manchester and newcastle. it may give you a broader scope of how english really is

i am not here to present my thoughts in a americanised grammar perfect narrative so that your translator can function

i already hate having to convert pounds to dollars whenever talking about bitcoin prices. i already hate having to use american examples due to how many people here only understand american. but i do play ball to a certain extent, just to save time

That wasn't the reason it was invented. Ever.

Your analogy is flawed. I don't know where you live (I'm still questioning UK, because you don't know English), but politicians here don't get to choose the quantity of money, because we're a deeply in debt guinea pig of the EU, and thus have very little effect.

CBDC is a digital currency system approved by central banks and governments. It started its journey in 2017-18 but is widely discussed and analyzed in 2022. Although several issues have worked behind it, including stable coin UST crashed, FTX scandal these two events are largely responsible for creating people's interest in CBCD. One thing to keep in mind is that Central Banks and Governments will never focus on cryptocurrencies because Governments and Central Banks know very well that Cryptocurrencies cannot be controlled by governments or central banks. And the central bank and the government will always introduce some system in which the government and the central bank have control.  If CBCD is widely approved and accepted, Bitcoin and cryptocurrency will change drastically. Some are calling CBCD the Bitcoin killer.

i see you want to hide under a rock
how about come to the realisation that politicians dont sit at computers "watching you" they are just self employed contractors living by 4 year work contracts, trying to get paid to do as little as possible. they love to delegate work out to others.
where in america due to capitalism that is mainly private businesses doing it for profits.
where the agencies you speak of are private businesses with their own business policies and their own property rights as business owners of the products they have patents on and policies to protect them, where they lobby the politician via bribery into giving those private businesses powers.

so when you shout "government totalitarianism"  when reality is a democracy of 1 vote per 4 year society, combined with capitalism
and yes its private businesses who are the ones "watching you"
then you might be able to see how they get to do what they do. by reading the laws and business policies
regulators are run by ex-bankers not politicians.
banks and payment services are a business
prisons are a business.
its all about the money business.

i see government not as some citizen owned property. but as .. basically a gym (a service that gets people all hot and sweaty and using up their energy)
we are gym members, paying our gym membership fees(taxes) to then get to use the gyms services and products, we dont own said services or products. but as members we get to vote on who the gym managers and trainers are every 4 years when they are contractually told to allow a management change. and that is all we get as our sense of control
unless we can understand their gym policies of how to petition the gym to change the rules for our benefit,, which 99% of members dont realise

fiat money is not citizen property. its gym property. their patent, their product they print and then subcontract out that accountant to a business(commercial banks and payment services)

when you start to see them as businesses using their property rights to set policy on their product(s) you then start to see how fiat is not "yours" you are just the bearer, given a promise. where the promise may never be met but people trust it thus lulled into a sense of security to trust the banks, whilst they have the power to control their product and police it and police those who bear their product

ans slowly due to "main streaming" like defining bitcoin as "currency" we are giving them power to control certain businesses related to bitcoin

Have you been living under a rock or something?
Take your own advice and do some research into all the top secret documents that have been leaked over the years, some that were declassified, etc. to understand how surveillance is working 24/7 in real world. Specially by military organization that I mentioned above.

DooMAD, stay off the drugs..
when the people you see that you like that (metaphorically: go to your house party) are the ones that agree with you. does not mean you are right... because, guess what.  they are just as high and paranoid as you..
emphasis: it just means you are high and paranoid along with them

try to sober up.
take control of your paranoia and see if it is an actual threat made against you in your home. or a thing you have in your head scaring you daily in your home
base your opinions on data, facts, laws, code. real events.. not opinions of people you like because they sound like you

and meet people outside of your house party. in the fresh air outside of your narrow view of the world. take the time to look for real information. rather then youtubing/tweet searching things that fit your paranoias that confirm your paranoia is justified

..
yes fiat has flaws, pitfalls, and is not perfect, and thats why bitcoin was invented to be something different. to be better and hedge against fiat, and thus hedge against CBDC

..
oh and if you think you do make rational opinions based on fact.
show me the block data that supports your version of bitcoin history.. ive asked you for years to back your crap up.. still waiting for your charts of block flags and lacks of forks and natural transitions of bitcoin code evolution without sponsored roadmap plans..
..
as for how monetary policy works. show me the financial laws that support your version. where you think currency AKA bank notes are private property and where privacy of currency is law

currency is not the same as property. there is no right of privacy in regards to currency.
now go check it out read a book, but first .. GET SOBER
maybe then you can have a rational thought.

all i ever hear you cry is "franky is wrong because he hurts my buddies opinion"

i can back my opinions up by blockdata and research of actual source material.

have you even bothered to look at a layout of any CBDC. or did you just come to this topic just to poke at me with yet another

"franky is wrong because he hurts my buddies opinion"

main difference(apart from opinion) between me and you.. im not here to get my ass kissed and recruit idiots
i prefer to correct idiots. and yes im frank about it literally.

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the day that bitcoin lost its "private property: privacy rights" is the day mainstreamers of government lobby helped get bitcoin declared a "currency" in ~2014.. and so allowed in the jurisdiction of the bank secrecy act that delegates regulated payment services to police their customers

if you can understand how currency law works. you can start to see the big picture of both fiat, cbdc and how bitcoin is being treated differently since ~2014

And just so I've got it straight... when YOU come up with crackpot conspiracy theories, it's because you've "run scenarios" and when other people raise legitimate concerns about government overreach, it's because "they haven't done enough research"?  And at all points in the history of ever, you've always done more research and run more scenarios than every other living creature on the face of the planet.  Is that about the sum of it?

It couldn't possibly be that you're an obnoxious, contrarian asshat who doesn't form conclusions in the same way that rational and mentally-stable people form conclusions?   

It doesn't matter at what stage CBDC is, it's not going to get adopted, because it's an inferior product to banks and electronic payment systems. CBDC when it's released will be plagued with problems like high fees, bugs, outages, poor customer service, data leaks and so on. Why would people want to switch to it? Add here the distrust that most people around the world feel towards their government.

And CBDC is not a direct competitor of Bitcoin. It's a direct competitor of privately-owned fiat payment networks.

Authoritarians and totalitarians the world over want power and control and CBDCs give it to them.  They are nothing special from the tech side, just a database, but for the power-hungry politicians, they are a dream: a centralized, censorable, controlled database of every transaction.

Owning bitcoin is one way to protect yourself.  Getting others to do so will help them eventually.

I haven't seen this website before, thanks for sharing this! It's really cool that there's a map, but also links to news articles that show the evidence based on which a country has a certain colour on the map. I checked a couple of countries, and all seems to be accurate to me. What I want to add, though, that experimenting or intending to experiment with a CBDC doesn't mean going against Bitcoin. For example, Ukraine does plan to work on a fiat CBDC in the future, but it's also already quite crypto-friendly and is planning to set up pro-crypto regulations along with potentially launching a CBDC (for more on the topic, see this thread). These aren't seen as competitors, they don't have to be.

Central banks and commercial banks work on an old system of 48hour settlements.. they have for decades. which meant they had to rely on visa/mastercard debit systems for 'live payments'

CBDC is more of a threat to remove visa/mastercard debit cards and make them no longer required. to bring that system back into the banking hold instead of visa making billions a year on debit fee's

apart from that CBDC from a user/citizen point of view is the same as using a bank account card today
still reliant on a payment service to do the funds moving on behalf of users, still needing to obide by their user agreement bank policies. etc same rules apply.. just quicker settlements "in-house"

the BIS which manages central bank international services. already have banks asking them to be allowed to hoard upto 5% of their collateral in the form of decentralised assets like bitcoin and a higher % of stable coins by 2025
the BIS has compromised with a 2% bitcoin allowance and an unknown(by me, i havnt bothered caring for stablecoin research) but higher %for stable coins
so its not like they are trying to kill cryptocurrencies

its more of modernising the bank data architecture and remove the need for visa debits for everyday purchases

there will still be kyc-less account types (much the same as todays virtual visa/giftcards) though these accounts have a lower limit of "to low to care about tax evasion/terrorism threat" $1k-$3k max balance allowed(depending on what countries decisions are)

Talking about CBDCs, there are many people who think the CBDCs are competitors for bitcoin and the CBDCs are created to race against bitcoin and the governments just created the CBDCs to make bitcoin fade out while in reality if you think about it, CBDCs are actually just like the old traditional fiat currencies and there is not any difference between these two, no matter what kind of technology they use in the central banks for the CBDCs. Because in the end, the CBDCs are not comparable with bitcoin because these are centralized and get controlled by the central banks and the governments.

Bitcoin is not just a currency, a payment method, an asset, and a store of assets, while CBDC is no different from fiat, it is just a digital version of Fiat. So I think it will never be able to impact or be able to compete with bitcoin. What the government wanted when creating a CBDC was that they tried to control us more, not make it compete with or prevent the development of bitcoin. How can a centralized thing compete with a decentralized one?

There are several target groups for this campaign,

• pro government: they'll of course be the first to accept.
• don't care: don't support and don't reject, but have their own choice.
• do not know at all: they don't understand anything, only obey the policies (ordinary people).

So, let me be in the "don't care" group. In the end (said pessimistically) because of the policy, CBDC will be implemented and replace the existing circulation of physical money. Bitcoin will forever be the alternative means of payment (WP-according), and with all modifications, fiat will remain the primary means of payment.

Good luck with this campaign.

i have 3 letters for you
MSB
money service businesses
its CEX/banks that watch their customer and report only the juicy/suspect data up to authorities

authorities are not proactive, they are reactive
sec only react after they get a SAR or complaint or after a bankruptcy/audit filing
DOJ(courts) only give out asset seizure orders after being handed a claim from authorities
MSB only freeze/lock an account after a court order

it actually is worth while doing research, it might help you understand the realities of matters. rather than the social tinfoil brigade opinion

sidenote: shady malicious MSB's not following rules can internally lock funds off without reasons(not via court order).. but thats called a scam site

CBDC is just the world banksters following a hype trying to keep their relevance in a world that has a decentralized currency called bitcoin. I don't see the point in it and I see even less point in printing stickers and bitching about it on social media because it won't change a thing.

I can only see a possible silver lining which is these centralized altcoins have the potential of replacing centralized shitcoins called stablecoins and reduce the risk they impose on the cryptocurrency market.

I have 3 letters for you: N+S+A

your "might" is the tin foil i was talking about
if your level 2-3 wallet(kyc'd) is frozen(for all the standard fiat reasons allowed today to freeze assets) you can still use level 1 wallet(no kyc, though lower spending limit) in a CBDC scenario

heck. even people on bail awaiting trial for curency fraud/theft are allowed some form of spending ability to survive on

all in all CBDC has the same policy as fiat(the good the bad and the worse). just a different data architecture of wallets/accounts

out of 8 billion people.. you choose jordan peterson as your influencer example. pfft you might as well have said trump or alex jones(same brotherhood of nuts)
you could have said that greta girl having funds limited due to being anti-gov protestor, and thus you would sound less tinfoiler

It's not a tinfoil hat theory anymore. If centralized exchanges can block, or suspend our account because our funds come from a Russian exchange, the government can do the same.

Politicians don't watch transactions. Banks don't watch transactions either but once you are part of a protesters group, your transactions might. Today, just being somebody like Jordan Peterson will get them in trouble and punished financially.

first of all the tracker was good how's make this website  and pretty much interactive you can click the country and see the news


and this also true that CBDC will most likely are gonna using private chain so its pretty much same with e-wallet app like venmo or Paypal.

but the good news is people that hear word "cbdc" will most likely it has connection with bitcoin

It has long been known that CBDCs are the only tool to counter Bitcoin that dear governments have in hand.  Unfortunately for them Bitcoin is a real strength and they don't have the power to govern it therefore and they have to create their own currency to feel free but to take away freedom.