I'm not sure if you're asking in good faith, but assuming you are, btc specifically has a ton of issues. Cryptos in general do as well, but there is much more nuance when speaking about the entirety of cryptocurrencies and blockchain.
Bitcoin is not really private, not really fungible. Every transaction can be traced if you have enough visibility (which, e.g., large tech companies, large banks, large governments generally do). Compare this to cash, or even better to gold (which is truly decentralized money).
Bitcoin is not as decentralized as most people believe it is, either with respect to price or with freedom to collect and use it unfettered. Blackrock, large banks, Coinbase and governments largely control it already, and if it does become officially supported and adopted by governments and/or central banks then it will be forked to add the same total control that CBDCs would provide (i.e. smart contracts facilitating the ability to shut off access to any wallet at any time, and enforcing that wallets be tied to real world identities).
Couldn't happen? Yes, it could, and if it becomes widely accepted by the multination corporations, central banks and governments that run the world, it will happen.
Gain mass adoption. Have a series of "terrorist" events, or similar, that make it clear "we must have some common sense controls on bitcoin, and must tie it to real identities". Put forward a plan for the forks which are already designed. Pass laws that make it illegal to do commerce without using the accepted fork. Any legitimate business will then only transact in the new fork, so the old fork will go the way of BCH.
Now you've got the essence of CBDCs in place without ever needing to force it on people. They will have chosen it because they never thought it would happen this way, but it always happens this way.
Look also at Cardano, Solana, Polkadot. They all work very closely with regulatory bodies, governments, corporations to ensure they are able to guarantee the compliance that these institutions require.
In general, the more electronic something becomes, and the more convenient something becomes, the more it restricts actual freedom.
Yes, there are cryptocurrencies and blockchains that offer more true freedom. No, they will never be allowed to become mainstream by the institutions that run the world.
I'm not sure if you're asking in good faith, but assuming you are, btc specifically has a ton of issues. Cryptos in general do as well, but there is much more nuance when speaking about the entirety of cryptocurrencies and blockchain.
Bitcoin is not really private, not really fungible. Every transaction can be traced if you have enough visibility (which, e.g., large tech companies, large banks, large governments generally do). Compare this to cash, or even better to gold (which is truly decentralized money).
Bitcoin is not as decentralized as most people believe it is, either with respect to price or with freedom to collect and use it unfettered. Blackrock, large banks, Coinbase and governments largely control it already, and if it does become officially supported and adopted by governments and/or central banks then it will be forked to add the same total control that CBDCs would provide (i.e. smart contracts facilitating the ability to shut off access to any wallet at any time, and enforcing that wallets be tied to real world identities).
Couldn't happen? Yes, it could, and if it becomes widely accepted by the multination corporations, central banks and governments that run the world, it will happen.
Gain mass adoption. Have a series of "terrorist" events, or similar, that make it clear "we must have some common sense controls on bitcoin, and must tie it to real identities". Put forward a plan for the forks which are already designed. Pass laws that make it illegal to do commerce without using the accepted fork. Any legitimate business will then only transact in the new fork, so the old fork will go the way of BCH.
Now you've got the essence of CBDCs in place without ever needing to force it on people. They will have chosen it because they never thought it would happen this way, but it always happens this way.
Look also at Cardano, Solana, Polkadot. They all work very closely with regulatory bodies, governments, corporations to ensure they are able to guarantee the compliance that these institutions require.
In general, the more electronic something becomes, and the more convenient something becomes, the more it restricts actual freedom.
Yes, there are cryptocurrencies and blockchains that offer more true freedom. No, they will never be allowed to become mainstream by the institutions that run the world.