We basically all already use CBDC. BTC is being used to rope in the last holdouts who think crypto is e-gold or some dumb shit. How would you tell the difference between credit card use now and the vision of CBDC use in the future? Everything is already tracked, categorized, individualized, and who knows what else by our governments.
Your only option now is converting your fiat currency bux into any tradeable asset that can’t be tracked. If you haven’t started doing this yet, you better start thinking about it.
Holding a BTC wallet, is essentially, owning your own bank. Well, more of a Credit Union, as you can not just pretend funds into existence. That would be Ethereum.
It's called proof of work, and the coins you hold are a reward for solving blocks. These encrypted blocks are the results of work effort. Is this not preferable to the current banking system?
To secure the network. Your work directly secures the network from abuse in a trust-less (no one trust anyone on the network) system of encryption.
It's the equivalent to adding an extra lock to the bank vault every ten minutes. For which you are rewarded. These digital locks hold tangible value created from work effort.
Why would people who control a money printer invent an independent currency with a hard cap enforced by energy? You think the CIA or whatever solved the byzantine fault/double spend problem in computer science, which is something only an Einstein level intellect could do, so that an open source, transparent money that can't be censored or easily seized, could compete with their surveillance currency they print out of thin air? They've outlawed and paper traded gold to stop it for decades, and they can't do that with Bitcoin. Why the hell would they want to threaten their money printer? Go do some research, learn how it actually works, these posts are ridiculous.
We basically all already use CBDC. BTC is being used to rope in the last holdouts who think crypto is e-gold or some dumb shit. How would you tell the difference between credit card use now and the vision of CBDC use in the future? Everything is already tracked, categorized, individualized, and who knows what else by our governments.
Your only option now is converting your fiat currency bux into any tradeable asset that can’t be tracked. If you haven’t started doing this yet, you better start thinking about it.
Holding a BTC wallet, is essentially, owning your own bank. Well, more of a Credit Union, as you can not just pretend funds into existence. That would be Ethereum.
It's called proof of work, and the coins you hold are a reward for solving blocks. These encrypted blocks are the results of work effort. Is this not preferable to the current banking system?
To secure the network. Your work directly secures the network from abuse in a trust-less (no one trust anyone on the network) system of encryption.
It's the equivalent to adding an extra lock to the bank vault every ten minutes. For which you are rewarded. These digital locks hold tangible value created from work effort.
At least BTC is limited and surpasses inflation. If you want anonymity use Monero, btc mixers or other means.
But yeah, they are roping people in. BTC ETF lol.
Why would people who control a money printer invent an independent currency with a hard cap enforced by energy? You think the CIA or whatever solved the byzantine fault/double spend problem in computer science, which is something only an Einstein level intellect could do, so that an open source, transparent money that can't be censored or easily seized, could compete with their surveillance currency they print out of thin air? They've outlawed and paper traded gold to stop it for decades, and they can't do that with Bitcoin. Why the hell would they want to threaten their money printer? Go do some research, learn how it actually works, these posts are ridiculous.