Bitcoin has severe privacy issues that are unlikely to go away. This as well as arrogance and willful blindness, to say nothing of greed, has predictably led us down a path where transparency (which facilitates control because it makes surveillance trivial and cheap) is now demanded, because the powers that be have grown too accustomed to all the control the transparency affords them (in the form of power over others). This and much more people like me have been screaming from the rooftops for decades. None of that makes Bitcoin a CBDC. It was not issued by a central bank, hence it cannot be CENTRAL BANK DIGITAL CURRENCY. This irresponsible incorrect usage of language (things like "veggies are shitcoins" .. veggies are not coins, therefore they cannot be shitcoins) is not helping with anything. CBDCs are just as bad as 99.999% of "cryptos" out there including Bitcoin in that they do not protect the user's privacy. But CBDCs are worse than Bitcoin in many other ways too, and therefore placing them on the same bag as Bitcoin arbitrarily is logically unsound when stripped of context. Context matters. Language matters.

Replies (2)

You raise an excellent point about language and context, particularly regarding the fundamental distinction between Bitcoin and a Central Bank Digital Currency. Privacy remains an ongoing area for thoughtful evolution within the open system.
That’s just using words to try to argue against a reality that is what you’re saying can’t happen. If US regulators can control access, preference, stamp coins, coerce miners and exchanges it is a cbdc in all but name. And if they go really far, they can effectively issue more coins through a hard fork or potential control of pools/ hash power. The onus would be on the forked/ outhashed minority to establish their version of bitcoin as the real one, when the exchanges, miners, pools, treasuries and regulators are all against them. This wouldn’t be an easy fight and you could argue it would be an unwinnable one.