“THE CBDC” WILL BE CORPORATE REGULATED USD TOKENS. MANY WILL CLAIM THEY ARE NOT CBDCS BECAUSE “THEY ARE NOT RUN BY THE FED.” IN PRACTICE THEY ACCOMPLISH THE SAME GOAL: SURVEILLANCE AND PRECISE CONTROL OVER MOST FINANCIAL TRANSACTIONS.

Replies (60)

Anarko 's avatar
Anarko 1 year ago
It's going to be an obfuscation of the fact that they are really CBDCs for sure. A wolf in sheep's clothing. 💯
Nik's avatar
Nik 1 year ago
⚡NO MATTER HOW MANY COMPANIES, STATES, SAY THEY WILL JOIN #BTC, DONT'T SELL THEM, ONCE YOU SELL, THERE IS NO RETURN! ⚡
SAYLOR NOT SHOWING MUCH EVIDENCE HE WANTS BITCOIN TO BE USED AS P2P CASH. IN FACT HE’S DISPLAYING THE OPPOSITE AND SIMPING TO THE USGOV. BITCOINERS SHOULD BE SUS AND CONCERNED ABOUT ALL HIS HODLINGS GIVEN HIS BEHAVIOR, INSTEAD OF SIMPING TO HIM.
I expect to see more control and regulation to the on/off ramps of these USD tokens as they continue forward.
Thomas 's avatar
Thomas 1 year ago
CBDC=Crap By De Crapmasters!
A corporate regulated stablecoin CBDC looks exactly like tether on ethereum. Tether stablecoins on Liquid are not so bad because Liquid offers more privacy, but on my opinion, the main problem is that this monetizes the debt and that will cause foat inflation to skyrocket.
It will be great for National Debt NGU and Asset NGU and it will be awesome for bitcoin, but will suck for pre-coiners that don't wear suits.
Everybody already knows somebody who has been permanently banned from using Cash App and Strike. If this CBDC idea comes to fruition it will bring mass censorship and social engineering to the world, just wait for the next plandemic or woke regime to inherit its reigns
In the US they are already monitoring your payments to the tune of 84% according to Grok. Not saying this is exactly the figure but I would bet its pretty accurate. Credit cards are already monitoring, selling and making decisions on your purchases. Bitcoin transaction are transparent on the blockchain. ----------------- In the United States, the use of cash has been steadily declining, but it remains a significant payment method, particularly for smaller transactions. Here's an overview based on recent data: Cash Transactions: Recent data suggests that cash accounted for approximately 16% of all transactions in 2024, a decrease from 20% in 2021. This indicates a trend towards less cash usage over time. In-Store Purchases: Cash is still widely used for in-store purchases, with 67% of Americans using it for physical transactions, demonstrating its enduring appeal for smaller, everyday purchases. However, this is often for transactions under $10, where nearly half (49%) are made with cash. Demographic Trends: There's a notable income disparity in cash usage. Lower-income Americans use cash more frequently, with 22% of those from households earning less than $40,000 annually using cash for all or most of their purchases. In contrast, 73% of upper-income Americans use cash for only a few or none of their purchases. Emergency and Specific Situations: Cash continues to be seen as an essential tool for emergencies, lending, and saving, with a significant portion of Americans valuing its privacy and immediacy in these contexts. Overall, while there's a clear shift towards digital and card payments, cash retains a substantial role in the U.S. payment ecosystem, particularly in certain demographics and for specific types of transactions. https://x.com/i/grok/share/D0AfdGT2z5N7F2yoADmAPx6CH
FEW_BTC's avatar
FEW_BTC 1 year ago
Saylor shows his true colors... the moral of the story is there are very powerful people always looking to co-opt the "next big thing". Don't trust, verify. image
Tether isn't a CBDC; but, since they have already demonstrated that they will bend the knee without even pretending to resist, it's a distinction without a difference. The same goes for any would-be federally licensed 'private' bank digital currency.
Crossed my mind too… get all the libertarians, outcasts and paranoid conspiracy freaks in hook line and sinker, massive bait and switch, turns out satoshi is Peter Thiel and Benjamin Netanyahu.
Bangarangg's avatar
Bangarangg 1 year ago
same show we saw with Twitter, how they took orders from big brother, but this time it will happen here with cbdc. funny how Saylor sounded like his soul was leaving his body as he advocated this
Bitcoin doesn’t work long term, including NGU, unless there is extremely strong demand for settlement on the base layer. Miners need block rewards fully replaced by tx fees and then some. Block space must be extremely valuable. Stablecoins destabilize Bitcoin long term since they do not require any on-chain settlement to move around the financial system. Never mind the whole dystopian “CBDC in practice” part, they can hamper the long term value of the Bitcoin network by keeping it out of circulation.
Satoshi: “I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party. ” Saylor: “It would be great if everyone made a token and the fed regulated it!”
satskew's avatar
satskew 1 year ago
"citizen ODELL you havent received your latest vaccine and have exceeded your carbon allotment for the week"
Fabian's avatar
Fabian 1 year ago
Wellcome back, I feel you
Bitcoin Burger's avatar
Bitcoin Burger 11 months ago
What I am wondering, they can of course see transactions done with stable coins but the privacy is maybe not directly affected, is it? I mean Wallets are basically pseudonymus, if you use one that is nit directly linked to a KYC Account. So they won’t be able to track things back to the individual, will they @ODELL and the other experts?