For me the entrance of a Central Bank Digital Currency (CBDC) into the market will not be in favour of Bitcoin as the very essence of such initiative will be to weaken Bitcoin. I know the governments will do all they can to provide something that will look like Bitcoin, something they can control because they know that digital money has come to stay. Unfortunately, they will fail at achieving a digital currency that will challenge Bitcoin.
My country launched E-Naira but it failed because people never paid them any attention as there was practically no need for it. I know many governements in the world are also working on something like that but I'm confident Bitcoin will prevail.
Topic: I smell fear... - page 4. (Read 485 times)
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Well, I wouldn't take Kiyosaki as a reliable futurologist either. He himself has made failed predictions in the past, acknowledged later.
What he says would make a lot of sense if people valued their privacy highly, if they didn't increasingly pay for digital media from centralised entities around the world, if they didn't post half their lives on social media and so on. But we see that the trend in the world is the opposite and most people don't care about the loss of privacy of CBDCs, they already pay for everything with their smartwatch.
What he says would make a lot of sense if people valued their privacy highly, if they didn't increasingly pay for digital media from centralised entities around the world, if they didn't post half their lives on social media and so on. But we see that the trend in the world is the opposite and most people don't care about the loss of privacy of CBDCs, they already pay for everything with their smartwatch.
I saw this on twitter as made by Robert Kiyosaki and I found the idea laughable. Unfortunately I couldn't get a direct link for the screenshot so am using the information at the top of the image as my source..
I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
We know cbdc with their inimical monetary policy control on distribution and issuance. There's no privacy in financial transactions with CDBC individuals financial details are easily accessible at anytime.
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you.
I smell fear in this statement, fear of the government and it's co-partners about the extent of the financial freedom and privacy bitcoin has without regulatory policies handed over to people. And this freedom is looking like a threat to the government's sit of economic control creating all sorts of lies trying to deceive bitcoiners in giving out their freedom in exchange for a promising bitcoin priceless value.
We know cbdc with their inimical monetary policy control on distribution and issuance. There's no privacy in financial transactions with CDBC individuals financial details are easily accessible at anytime.
In a digital world where privacy is a key challenge having CDBC gain access and saturate the bitcoin market will only mean doom for bitcoin vision.
IMO bitcoin doesn't have to become priceless only when cdbc enters the market, as for me bitcoin is already a priceless asset to my use I don't know about you.
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