If cryptobros' digital tokens are fake, then why would anybody buy them with CBDC that would be the only official representation of national currency with limited and controlled supply at the time?
Ayh argue that feds will suggest you can cash out your BTC in to CBDC not buy BTC with CBDC .. but they may as well keep that just to keep the illusion alive.
Ayh argue that feds will suggest you can cash out your BTC in to CBDC not buy BTC with CBDC ..
Just like they do that with cash now in US/EU? You can fill your bank account with cash, but practically can't withdraw cash from your account. I think that in some (many) banks today you could also fill your bank account with crypto, but bank will never allow you to withdraw your funds in crypto.
Then what's the point of CBDC here? This scheme already works perfectly, and for a long time. Your bank card is no different from CBDC at all.
Oh ayh see what you are on about but we have argued this before -- my stand is that CBDC is about unifying banks, killing different currencies and unifying each person's social credit in to one system. What we have now is a slew of databases and differentiating metrics and exchanges established over decades. They want a Great Reset of every one's credit. You are glossing over the HOW to spend the money not HOW the money is controlled.
Tecnically the only difference between CBDC and bank account is only way how data is stored - blockchain or regular database. There is no technical problems in unifying all bank accounts using same internal currency for all banks. You will even never know your money really stored in some "glollar" instead of your local currency. Same with DB structure, it could be easily unified and attributed with all necessary functions and properties, including spending restrictions and programming.
Not even talking about resetting everyone credits - this was done multiple times in multiple countries long before computers.
I just don't get why they need to disturb public with CBDC crap when they could do exactly same thing with bank accounts without anybody noticing. Then just gradually declare one by one restrictions and currency programming implemented "for your safety". As I see US public already easily swallowed that "only criminals need noticeable sum of cash in hands" shit and pretty fine with that. Pretty sure they easily swallow everything they declare CBDC needed for.
May be goal is not CBDC or its mythical properties, may be just the process "implementing CBDC" is a goal? "Innovation" in finance is the most profitable "innovation" possible. Even with drugs and weapons you need to do and know something. When implementing financial "innovation" AKA CBDC you don't need to do or know anything gaining orders of magnitude larger profits.
Blockchain is fake news so don't assign that gibberish that the banks attach to CBDC or any thing else.
My way of thinking about why one vs other is that they must isolate the idea of globalized tokens. Most things they do are just branding not really innovative. CBDC becomes the unification of a multitude of processes, like taxes, returns, gibs, emergency funding, loans, stocks, and then credits for things. Banks are not setup in the current formula for unifying all those things in to one token/value. Effectively they need to reassign every one a code. Which is exampled right now with eID rampantly deployed in Africa. Our western banks are legacy identified and if you just assigned people with existing accounts while handing out eIDs, it would be a technical shit show.
If cryptobros' digital tokens are fake, then why would anybody buy them with CBDC that would be the only official representation of national currency with limited and controlled supply at the time?
Ayh argue that feds will suggest you can cash out your BTC in to CBDC not buy BTC with CBDC .. but they may as well keep that just to keep the illusion alive.
Just like they do that with cash now in US/EU? You can fill your bank account with cash, but practically can't withdraw cash from your account. I think that in some (many) banks today you could also fill your bank account with crypto, but bank will never allow you to withdraw your funds in crypto.
Then what's the point of CBDC here? This scheme already works perfectly, and for a long time. Your bank card is no different from CBDC at all.
Oh ayh see what you are on about but we have argued this before -- my stand is that CBDC is about unifying banks, killing different currencies and unifying each person's social credit in to one system. What we have now is a slew of databases and differentiating metrics and exchanges established over decades. They want a Great Reset of every one's credit. You are glossing over the HOW to spend the money not HOW the money is controlled.
Tecnically the only difference between CBDC and bank account is only way how data is stored - blockchain or regular database. There is no technical problems in unifying all bank accounts using same internal currency for all banks. You will even never know your money really stored in some "glollar" instead of your local currency. Same with DB structure, it could be easily unified and attributed with all necessary functions and properties, including spending restrictions and programming. Not even talking about resetting everyone credits - this was done multiple times in multiple countries long before computers.
I just don't get why they need to disturb public with CBDC crap when they could do exactly same thing with bank accounts without anybody noticing. Then just gradually declare one by one restrictions and currency programming implemented "for your safety". As I see US public already easily swallowed that "only criminals need noticeable sum of cash in hands" shit and pretty fine with that. Pretty sure they easily swallow everything they declare CBDC needed for.
May be goal is not CBDC or its mythical properties, may be just the process "implementing CBDC" is a goal? "Innovation" in finance is the most profitable "innovation" possible. Even with drugs and weapons you need to do and know something. When implementing financial "innovation" AKA CBDC you don't need to do or know anything gaining orders of magnitude larger profits.
This is why Bitcoin is never going to zero.
Deal with it, anti-crypto bros.