Topic: CBDC competing with bitcoin (Read 380 times)

I couldn’t think CBDC competing with Bitcoin. Because Bitcoin is fully decentralised on the other hand CBDC is centralized. Central Bank Digital Currency (CBDC) will be handle by government. CBDC recently Started mining and release a app for mining on the otherside Bitcoin well established and decentralise crypto currency. And bitcoin is father of all cryptocurrency. All cryptocurrency till now defended on Bitcoin. Thousand thousand of exchanger listed Bitcoin. But Central Bank Digital Currency  CBDC not listed yet.

Recently CBDC wanted to listing on Ancoin exchanger, but till now they not successful. They are in primary stage. They have to huge straggle for established. They have to pass many critical situation. I think not competing with Bitcoin CBDC neet to follow Bitcoins policy. If they properly follow then day by day CBDC will good currency in future. So i couldn’t think CBDC is not proper project to competing with Bitcoin till now.

Agreed, there is no competition between these two currencies. If fiat can't be compared and doesn't compete with bitcoin, so is CBDC because CBDC is just a digital version of fiat. In my opinion, the government created CBDC just to control their citizens more tightly instead of using fiat. Because when people switch to CBDC, all data will go to government data centers where it will be easier for them to control us. They will easily control and even take our property if we fight them. And that's something that I don't really support CBDC, but it also seems inevitable, the government will definitely launch it.

A CBDC is nothing more than digital fiat, its value will most probably be pegged to the official currency of a nation and won't be volatile like cryptocurrencies, so there is basically no competition between a CBDC and Bitcoin or any other cryptocurrency since Bitcoin is both decentralized and not pegged to any other currency while a CBDC is more a stable coin and centralized.

This effort of nations to fight against Bitcoin adoption will obviously not work as they want it to, people might use CBDCs only for purposes that they use fiat for like buying groceries or things and any other stuff that they usually do with a bank card or cash, but no one will stop using Bitcoin only because they got access to CBDC.

if they think that through cbdc they can replace or exceed Bitcoin in my view they are wrong, knowing that they will not be the same because cbdc will only imitate Bitcoin. Then centralized and decentralized are different aspects.

This is probably what the US is bragging about that they also have a digital currency, but whatever the true function of the cbdc is, it has nothing against and is not in the least beautiful of Bitcoin, because Bitcoin is not only an opportunity that is given to people, but it is also an asset, investment, and also has usages to be proud of.

There's no competition on these 2 currencies as they have different nature and use cases.
CBDC is like the digital fiat currency of the government and so it is indeed centralized.
With btc, people have more freedom in utilizing this top coin. They don't need to worry about
the government lurking their activities if they know how to handle their transactions discreetly.
So yes, people will use these 2 currencies, but on different circumstances depending on the situation they are in.

Since CBDC and real banks have no different system, CBDC won't ever imitate Bitcoin. Sure, it is only online banks or digital currency made by the government. The government only made a new way to turn the bank on the digital form, nothing very new or different in this innovation. Because of this, I doubt if it is the way to stop Bitcoin. How can CBDC stop Bitcoin? What CBDC offers to people that may change people's minds to move to CBDC? There is nothing that makes people interested since it is just an online bank. You are too worried if you think CBDC possibly replaces/stops Bitcoin or crypto in the future.

I don't think CBDC will be a competitor to bitcoin in real use cases, but the government will work on CBDC to be the first as an alternative solution to fiat. Bitcoin will continue to be used by anyone concerned with privacy and decentralization, so CBDCs may not appeal to most bitcoin users, let alone maximalists.

CBDC is a centralized project initiated by the government. This is one that goes against the idea of ​​bitcoin likely not attracting much interest from users other than just using it for specific purposes. The idea of ​​using it is the same, it is an alternative.

Bitcoin and CBDC have different use cases and serve different purposes. The decentralized, censorship-resistant, and permissionless nature of Bitcoin makes it valuable in situations where individuals seek financial autonomy, privacy, and protection from the control of others. government or inflation hedge.
On the other hand, CBDC, which is a government-backed digital currency, can offer benefits such as efficiency in digital payments, the ability to integrate with existing financial systems, and regulatory oversight. They may be better suited for everyday transactions, including purchases at places like Starbucks or other merchants. But bitcoin's decentralized and censorship-resistant nature offers a level of trust and security that some find appealing.

Bitcoin is unstoppable. If you have to list bitcoin top competitors, the Central Bank digital currencies is not even in the top 10.  I feel that the Central Bank digital currencies adjust a waste of resources and time hardly any citizen of any country that has implemented the Central Bank digital currency uses it. Even in most countries where they already have a Central Bank digital currency it is even considered as a project that has failed. This is because it has failed to reach its goal of adoption by the masses.

The CBDC is a spycoin. I used to think that 90% of the public will choose CBDCs out of convenience, trading their most precious resource, their time, for shackles but from my analysis of it's usage, I am wrong. And I like that I was wrong.

It's actually an attempt to modernize the world's fiat currencies, to make them interoperable and more easy to control by central forces.   Don't forget that humans are "evolving" into false version of a spiritual existence on the internet called the Virtual World, by mimicking the interconnectedness of invisible part of humans/natural world... more like how the neurons/nerves are connected together . So they expect the virtual world to be fully built with a centralized currency like the CBDC, false cryptocurrencies and/or other fiats currencies.
They can't compete with True Cryptocurrency like Bitcoin as it's built to be independent of the system and would run on a self-sustaining economic model. Bitcoin model is already unique and attractive to different set of people that are typically opposed to the fiat system. It'll be an effortless seperation between the free and the slave, one joining Bitcoin while the other remaining with the centralized system.
Bitcoin is a voluntary system that is open to anyone and does not seek to capture the world.

Just agree with what you said because Bitcoin and CBDC are two different things that are not balanced to be compared even though they are both called digital currencies, but Bitcoin is more unique and better than just CBDC because CBDC is just fiat that is not in physical form course, but in value it will still be the same as fiat in general. So clearly there is no need to compare and there is no need to worry about it because the basis is very different from each of them.

CBDC’s can’t compete with bitcoin because they’re a totally different thing. Bitcoin is hard money, it’s designed to be taken into self custody, no middlemen involved, nobody can control your money & what you spend it on except you. CBDC’s are the exact opposite, government spyware, issued & basically controlled by governments & banks. I don’t like the idea of CBDC’s at all but if they come I will use them sparingly, as little as possible. I will not be told limits on what I can buy or what I can buy.

Bitcoin is an asset, an investment, and a currency… while CBDC is just a currency, it is by no means a worthy competitor to bitcoin. What you are worrying about is baseless and pointless. But I don't think the government created CBDC to deal with bitcoin as many people say, they created it to gradually replace Fiat because we are moving towards a digital world. It's just an upgraded version of fiat, nothing more, nothing less.

I agree with you. I do not think that CBDC is there to compete with bitcoin at all, it never was and it never will be. First of all everyone knows that they are building it because they want to replace stablecoins to begin with, and that means bitcoin wasn't even in the discussion for this long, it never was there and will never be.

Secondly I agree that people would prefer stablecoins over CBDC as well but even if some of them doesn't and even if some government loving people end up buying it, that doesn't mean that it would hurt btc or any other stablecoin neither, they will end up being just as good as they are right now. The market is in shambles when stablecoins are prefered over btc, so that will still be a thing in the future as well.

CBDC won't add any thing to your hard earned money, and the SEC leader said that we already have digital currency, that's USD, EURO, and China's very own Yuan, I don't think we actually need CBDC either if that's the case.

There is no point trying to use CBDC and please stop comparing to Bitcoin, there is no way anyone in their right mind will invest in something that won't yield anything, CBDC is going to be nothing but Fiat, there is no increase in value.

As for the Binance problem with SEC, if the Binance exchange belongs to the US government all this won't be happening, I think this through a day ago, they want to be in control of everything that yields money, and they are not ready to help their fellow humans.

This is pure wickedness.

If hatred for bitcoin is the motive, the government and Central Banks are helping without them knowing, to popularize bitcoins further. CBDC's promotion will only result in constant comparison between it and bitcoins, and at all times, the unbiased will acknowledge that bitcoin is better and more beneficial.

CBDC's can deceive those who do not know so much, the people who are not very informed. For the informed like us, who understand why bitcoins were created, we know the purpose and know that CBDC's do not solve the same problems that bitcoin is addressing.

The only people that will be deceived to believe that Bitcoin and CBDC are the same are ignorant people that know little or nothing about the crypto space. The only similarity is that both of them use blockchain technology. But the difference is clear CBDCs are just fiat in the form of cryptocurrency backed by the country's currency. They are controlled by the government so they are not decentralized like Bitcoin. But I think CBDCs might be less risky than keeping money in exchanges. Loss of deposit might be rare while using CBDCs because they are insured by the country's deposit insurance. But many depositors or customers have lost their funds in exchanges because most of them are not protected. But if you care about privacy and safety, embrace Bitcoin in a decentralized manner.

I like Bitcoin more than CBDC. There are many people like me who value Bitcoin more than CBDC. CBDC and Bitcoin are two separate assets. In this case I don't think there can be any competition between these two different assets. There are two distinct differences between CBDC and Bitcoin in cryptocurrency. But if the government has fully approved the CBDC. Then CBDC users will likely increase. However, Bitcoin competes with CBDC. I think CBDC will fail in that case

CBDC and bitcoin have obvious differences. Both of these currencies are under consideration and discussion is ongoing about the role they can play in the global economy. CBDC can be used to enhance the transparency, safety and efficiency of the financial system, while bitcoin and decentralized digital currencies have other advantages such as price retention and honesty. The shutdown of Central Bank digital currencies for reasons of bitcoin termination is incorrect. CBDC are being developed to meet the needs of the market and they have no direct connection to bitcoin. The research and development of digital currencies from institutions such as CBDC can play an important role in enhancing the diversity of the financial system and supporting the development of digital currencies. of the global economy.

People who are already into bitcoin will not even have interest about the CBDC because they already know the system and all it is all about, but the CBDC is going to brainwash people who are just coming up not to have anything with Bitcoin.

 yes sure the CBDC can never match the standard of Bitcoin but the purpose of it is to just brainwashed people not to have any interest in Bitcoin. I don't think people will even have interest to make use of it because Fiat will always be fiat,  there is nothing new about it, there is nothing valuable about it that will  interest people to see reason why they needed it.

You are comparing two different things like one is centralised which means they can implement changes to it but on the other side btc is decentralised and owned by you so make assumptions keeping that in mind that whether CBDC can compete with bitcoin? The btc has its own existence due to its working and it will continue to work the same manner while CBDC will fail eventually.

How are they using CBDC against bitcoin? And if they really want to fight or destroy bitcoin, then the series of bans that have been enacted and maintained so far, not governments that are gradually accepting bitcoin to some extent. The growth of CBDCs is just a result of technological developments, which bring convenience as well as help them better manage us. I don't see anything dangerous in the government issuing CBDC, to me, it's still fiat, nothing more and nothing less, so it can't compete or compare with bitcoin.

Totally agree with the points you made. The real point of the government to launch CBDC is because they don't want Bitcoin to beat the popularity of fiat and so they try to copy the Bitcoin system and try to offer it to the public and say that it is better than Bitcoin. When in fact they are afraid that people will trust Bitcoin more and adopt it as their main payment. But no matter how the government gets rid of Bitcoin, it won't be able to hinder the adoption of Bitcoin going forward, it will continue to increase and reach more and more people.

I think that's been established since long ago? Just imagine fiat, but digitalized. Maybe made fancied with all the crypto jargon they're gonna use but in the end it's gonna end up just being fiat, but digital. They still hold power over it technically. And competition is nonexistent as well, I mean, they're being used completely fine to date havent they?

Its not the system adjusting towards the creation of the CBDC. The system's set already so to speak, the only thing others can do is enter and use it. Take ownership? Ehh I wouldn't call it impossible, but it's almost infinitely difficult.

There will never be a meeting point between the government and decentralization because the inherent nature of the government is to function as both the state police and the regulator of society. The position of the government necessitates control in order to make more rational decisions (that's the government's perspective).

However, when Central Bank Digital Currencies (CBDCs) attempt to mimic Bitcoin, those who initially became acquainted with Bitcoin and fell in love with it will not be interested in CBDCs. Meanwhile, government-backed products will find traction in a market of individuals who were previously unfamiliar with Bitcoin altogether.

CBDCs are not meant to replace decentralized cryptocurrencies like Bitcoin.  While Bitcoin operates on a fully decentralized network, CBDCs remain centralized and are subject to the scrutiny of financial institutions.  The main objective of CBDCs is to improve the efficiency of payments and offer more advanced financial instruments, while maintaining control by the monetary authorities.

 It is true that some people may prefer Bitcoin due to its decentralized nature and the financial autonomy it offers.  However, central bank digital currencies could offer additional benefits, such as price stability and consumer protection, which could be of interest to a large part of the population, which is why they could be preferred to Bitcoin.  CBDCs are the only tool for governments to counter Bitcoin.

I think the CBDC's are going to change the world of crypto-currencies and I fear that because of their promotion governments could create far more restrictions and way tough regulations on Bitcoin and the exchanges that support Bitcoin and other crypto-currencies. The CBDC's are created with that intention only and the banks will get quite a huge number of investors with the help of CBDC than with current fiat system. The CBDC's won't be as volatile as Bitcoin and other crypto-currencies and may remain stable even if the market gets a crash.

The only draw back of CBDC's is that anything you do with those you will have to first purchase them from a retailor or a bank and then you'll be able to do anything with those. The main agenda of Decentralization was to stop those banks from interfering with our finances, and with CBDC's that idea is totally drown into water. They will operate just like Fiat but in crypto-currency form, and they might create huge risks for current Stable-coins of the crypto-ecosystem.  

With CBDC, we won't have the right to like or dislike it, I think the government will force us to use them when it officially works. Simply put, it's just a digital version of fiat, and their creation of CBDC is just the advancement of technology and freeing us from the frills. It can be said that CBDC is inevitable, but to say it competes with bitcoin is not true because these two assets are completely different. So I don't think there will be any real impact or competition between these two properties. But to talk about between fiat and CBDC, I still prefer using fiat over CBDC.

No. It's not.

With CBDC government try to create its own stable and says that we don't need Bitcoin now because we have the digital dollar lol. But they are not gonna win because no one cares about CBDC sh*t.

Everyone who knows what crypto is will use usdt or BTC instead of CBDC. This "stable" will be promoted as an alternative of BTC but I don't think it's gonna be really successful.

If talking about CBDC, I don't think it has enough criteria and strength to compete with bitcoin. If you want to find something in the crypto industry to compare, stable coins will be more suitable because CBDC is no different from fiat, so it cannot be compared to bitcoin.
Many people say that CBDC will fail, but I see that the government is taking that project very seriously, as we are entering the digital world, it is only a matter of time before everything is digitized. Moreover, they always want to control us more and with CBDC they can control us more tightly than fìat. Therefore, they will certainly continue to deploy despite certain difficulties.

Digital currencies are not built on top of blockchain technology.

CBDCs will be built on blockchain but it's just lack of decentralization like Bitcoin blockchain. I think CBDCs are better than digital currencies in technology but if we can have choice to use Bitcoin, CBDCs will not be our favorite choice.

I think CBDCs have more advantage with blockchain technology than previous generations of digital currencies.

[GUIDE] All About Central Bank Digital Currency (CBDC)

For me, Bitcoin and Central Bank Digital Currencies (CBDCs) are completely very different types of digital currencies.
Although both technologies have the potential to completely transform the way we think about money or our current financial system, but we must be aware because they carry some risks that should be carefully considered.

When the control lever of government on individual wallet or pocket is not fixable on Bitcoin, CBDC becomes the alternative solution to further encourage citizens to see the idea of a decentralized system as difficult and unable to be reliable.
CBDC of any country is like the opposite of what BTC  stands for. There is no competition between both as only those who don't fully understand its concept would think a there is.
The major similarity I can share now is that both are digital.
It is okay to also be aware that Bitcoin is a type of cryptocurrency, while, the E-naira is a form of CBDC, just as other countries have thiers.

They are controlled by central banks and entirely centralized. They don't have non custodial wallets for citizens, I am sure they won't have such. You don't control keys of your CBDCs and you don't have them actually.

I don't think governments launch CBDCs because they want to imitate Bitcoin or compete with Bitcoin.

They do this because they only want to control their citizens' money flows better. They want to gain more tax from their citizens so they need CBDCs to do this better.

I don't know how they expect people to feel any different when government cannot let the currency to be decentralized .  Some of the reason why most users clamor go cryptocurrency  and by that I mean bitcoin is because of its decentralised nature. The heavy hand of control which the government can't so much release has been the barne of the currency CBDC and would continue to be.
In the end, I think financial freedom is what the government can't offer as they are sure to lose some of its sovereign power to manipulate the system in ways that pleases them after power is released to the people.

I think it's more of the government wanted to join the hype and it's a win win for them. Their population will think that their they are going to support crypto, but on the other hand, this CBDC could be used to track everyone in the future, how they spend, where they spend it and everything. In short it could be used as a surveillance. And as a tool, they can force their people to not have a choice but to used it, specially if you are going to transact to the government itself, everything should be in their control and that is their CBDC's.

CBDC were just another way of having control over the funds of the people. This doesn't make any impact upon bitcoin, because people who have understood well about the difference between cryptocurrency and the CBDC will never switches. The development were much focused on keeping the cryptocurrency users directed towards CBDC as they weren't able to ban or restrict the usage of bitcoin.

People who haven't got used to cryptocurrencies and prefer to be with the government's guidance will prefer CBDC. Even those people will find this innovation unwanted if they use bitcoin once.

CBDC may not go extinct but we all know that it is centralised, so the users know the risks involved using this coin. if the government is supporting it, there will always be users. good as digital cash in usage as we are more on digital transaction these days.
once users understand the difference of cbdc vs btc, they will know which one to use depending on what kind of transaction they want to make.

If you're using fiats and CBDC, you're still under thesame canopy of centralized authorities being in control of your finances, they can implement, change, alter and influence change as they want, they have the full control over your asset without taking permission from yours, if you think this is abnormal and should be stopped, you have the option of choosing a decentralized digital network with bitcoin, if you adopt bitcoin then don't make the simplest mistake of going back to where you left by having your bitcoin on centralized exchanges.

The change is obvious from the naming conventions itself. Cryptocurrency= Encrypted cash, money that is not only digital, but is hidden away in some sort of internet puzzle that you could solve and then win out of, the prize being the cryptocurrency itself. Central Bank Digital Currencies are well, digital currencies, think of your bank money before you withdraw it, or after you deposit some of it. That in itself is digital money and in some places in the world that very number could denominate value and be used for purchases, be taxable, and such and such. So with that being said it must be obvious to anyone with half a brain that CBDC and Cryptocurrency are not two sides of the same coin. They are not binary, not entangled, not related in any way whatsoever.

CBDC will go extinct in a short period of time. This currency exists solely to divert attention away from the use and adoption of bitcoin. The government already knows this, and every bitcoin enthusiast understands why the government is implementing CBDC. It can never be dependant if it is still under the authority of someone or some agency. Bitcoin is decentralized, but CBDC is centralized; CBDC is simply another name for fiat.


This comparison is not even conceivable. If bitcoin ever becomes comparable to CBDC, CBDC will be able to compete with bitcoin in the worldwide market. But, as of now, the use of CBDC has not increased, despite the fact that bitcoin continues to have a big impact on the financial markets.

If they wanted to stop Bitcoin adoption, they could just ban Bitcoin exchanges, order banks to monitor and freeze p2p Bitcoin trading. That would kill Bitcoin market and people would only trade it for gift cards or cash.

CBDC is like a government-owned Visa, it's infrastructure for payments owned by government. But it's all largely a theory and work in progress, it's not clear whether it will ever be released and adopted, or if it will silently get abandoned.

They are not trying to imitate Bitcoin; they are actually trying to say... Since you all like things digital, no problem, we can also give you a digital currency; that's where the CBDC comes in, but they have forgotten that we are not just using digital currency because it is digital; we choose it because we are tired of our finances and assets being controlled by them all the time. We don't need something that they can't still access; we don't need something that's stable; we don't need something that's not fully decentralized. If we need that, then there's no need to go into crypto currency in the first place. But it seems they are finding it difficult to realize what the people actually want.

There is no competition, just different use cases. No better or worse here.

Bitcoin is a decentralized,  censorship resistant and permitionless currency. We all beeed it in some specific situations.

Wee don't need bitcoin to buy a Starbucks coffee. We need it to fly away from war, to protect our money from government,  to have privacy and so on

You can use cbdc on Starbucks.

In the end, I do not think the CBDCs and Bitcoin will even compete against each other.

The CDBCs may convince some uninformed people that Bitcoin is not necessary or that the problem is solved, but I can assure you that anyone that has tried Bitcoin and how decentralized assets can help to improve the life of people, they won't let centralized surveillance assets to replace BTC in their wallets or portfolios.

One asset offers something completely different than the other one.
Also, I am kind of curious how companies like Paypal and other American payment processors will react to the deployment of CBDCs. Keeping in mind it is a model which may make their platforms obsolete.

most CBDC work like this

they generate their reserves(mint) value via transaction between a central bank and a dozen commercial banks

central $1.2trillion  -> commbankA $100b
                         -> commbankB $100b
                         -> commbankC $100b
and so on (for commercial banks efghijkl)

this is signed by all. and becomes the reserve. completely agreed by all parties involved
much like how blockstreams liquid uses "federations" to create its assets

with each commercial bank knowing the value (funding lock) they can then use their output as a UTXO for their own payments between each other

these commercial banks acting as part of the "federation" are also acting as the "factories"(hubs) in a system similar to blockstreams Lightning

where by the commercial banks have channels(accounts) with customers where the commercial bank gives users inbound balance which users can request can be handed back to the commercial bank and the bank then pass to another bank that then pass to the other banks customer (like how Lightning routing works)

its no surprise that blockstream done a few changes to bitcoin to emulate what the central banks sponsored them to do as part of the CBDC foundation known as hyperledger.

yep bitcoin has become the sandbox test of possible plans for a CBDC with the systems like liquid and lightning being the prototypes

..
as for user access.. these inbound channels come in 3 varieties(levels)
most CBDC agree that there are 3 levels
level 0 is a max inbound balance that can be of a months salary.. with little to no KYC to act as 'digital cash'
level 1 is a middle class/small business upto 100k with standard KYC
level 2 is the pro/elite account/channel for higher amounts. with full KYC

if people want to send or receive more then a months salary they would have to upgrade(provide Id) to get access to the next level.

there are many CBDC's yep even the chinese one it set up in this manner and so are many other countries set up in this manner.

they only work on the system of LN payment routing style by ensuring they set the limits of users amount they can spend. thus controlling the liquidity of payments.

EG

commbankA $100b  -> commbankB $4b
                                  commbankC $4b
                                  commbankD $4b
                             and so on (for efghijkl at $4b each = $48b for all 12 combined)
                                 commbankA Level two service $25b
                                 commbankA Level one service $15b
                                 commbankA Level zero service $10b

and then the factory(hub) of inbound value to customers
commbankA Level zero service $10b -> commbankA Level zero hubA $100m
                                                          commbankA Level zero hubB $100m
                                                          and so on

commbankA Level zero hubA $100m -> customer00001 $1k
where this is the value that the customer negotiates(co-signs) with the commercial bank of value customer has vs set aside for bank after a payment is made

where by the 'balance' of signed transactions change to offset who has balance or not which is like how lightning route payments

---

now you know how its all laid out. you can look into many CBDC examples and also see the blockstream owned liquid and lightning networks as case scenarios they ran for the hyperledger sponsors

but here is the reason why governments are doing CBDC
previously it was difficult for governments to self manage their own currency. so they delegated that to banks. however with Visa and Mastercard the governments were not getting as much income from deposits/withdrawals (burning banknotes on deposit. the requiring banks to buy new bank notes at face value for withdrawals) like they did back in the 1900-1970's. because plastic debit cards reduced the ned of bank notes

and with commercial banks failing, needing bailing out. governments want to take back some control aswell as the mentioned income from payments of deposits and withdrawals again,
..and of course loans.
yep they dont want to give commercial banks bonds just to create money. they prefer to be able to create money themselves to then get interest returns on those loans direct back to the treasury

CBDC is failing because of it. Nigeria as enaira but the government realizes its not working and same for China AFAIK. Since it the same as fiat, then the government still has control over our money and they could print as much as they want to which Bitcoin can't be printed out of thin air.

Or worse control you with the CBDC app like what they are saying about funds you can only spend on. CBDC has so many differences from BTC, its not gonna win. And all it can do is use SEC to sue crypto companies.

It is not even only about how decentralized bitcoin is, bitcoin is also an investment, but fiat is an asset that will make your money value to continue to decrease. What a certain amount of fiat can buy this year, it can no more buy it in the next five years. Saving fiat is like government is scamming you.

Having a central bank digital currencies still does not change anything because the system still remains the same, central bank digital currencies (CBDC) is controlled by the government and this same system can be manipulated. Central bank digital currencies is a financial structure that is based on debt.

The new innovation by the government is a way to imitate bitcoin but still not up to the standards of bitcoin which is a decentralised currency. CBDC is nothing different from an online banking, I'm sure the reason for central bank digital currencies is to stop to stop people from adopting bitcoin.
Central Bank digital currencies can never be a limitation to the growth of bitcoin, bitcoin possess that special uniqueness that no currency can be in a competition with. Central Bank digital currencies was made because of hatred to be like bitcoin.