What is this about fools running around like children trying to scare people by saying Ha - your supposed invention for freedom, Blockchain, is actually a scheme being used by the elites to enslave you.
First of all a Blockchain is simply a distributed data base that has been around for over 50 years. It is just a basic construct in computer science that is designed to hold data , "freedom" was never part of it.
Blockchain is a totally different technology than crypto. A lot of cryptocurrencies use it but there are alternatives to blockchain like DAG's and IOTA Tangle which some cryptocurrencies use.
Blockchain can be useful used on its own.
For instance by letting you know where the banana you are holding came from or if the can in front of you contains food from a processing plant notorious for bad sanitary conditions.
But this depends on the type of information on the blockchain. Anonymous cryptocurrencies like Bitcoin do not store identifying information or transaction details on its blockchain.
Israel does not have a CBDC although they have been mucking around with the idea for the last seven years. A true centralized CBDC will never use a decentralized blockchain. A decentralized Blockchain has unnecessary layers which slows it down and does not enable total control. You need a direct centralized database for that.
CBDC's have been a huge failure in the countries that have tried to adopt them.
Adoption Rate:
Bahamas - 0.19 percent of total currency in circulation
Jamaica - 0.11 percent
Eastern Caribbean Currency Union (ECCU) - 0.16 percent
In Nigeria the government tried to force the people to use a CBDC by blocking access to the money in the banks and this resulted in riots.
Why Did CBDC Fail in Nigeria?
CBDC adoption in Nigeria remains abysmally low, with less than 0.5% of the population using it, while over 50% have embraced cryptocurrency.
Observations from the Retail CBDCs of the Caribbean
Three retail central bank digital currencies (rCBDCs) have been issued in the Caribbean, but thus far all have struggled to achieve expected adoption from both consumers and merchants.
Ayh followed the Nigeria CBDC thing closely and that WEF beta project was to see adoption and how to deploy it and they demonstrated that surprise surprise -- Africans are not equipped mentally for high tech. :)
When they said they would change the currency meaning all they had to do was recognize a different currency, their ape brains went mad.
But the big thing about CBDC pilot programs if you notice is that its only banks moving the money -- no users. Then places like India and Jamaica etc claim users.. in the millions.. but to date you are hard pressed to find a single average consumer claiming to have used it. Only banks.
What is this about fools running around like children trying to scare people by saying Ha - your supposed invention for freedom, Blockchain, is actually a scheme being used by the elites to enslave you.
First of all a Blockchain is simply a distributed data base that has been around for over 50 years. It is just a basic construct in computer science that is designed to hold data , "freedom" was never part of it.
Blockchain is a totally different technology than crypto. A lot of cryptocurrencies use it but there are alternatives to blockchain like DAG's and IOTA Tangle which some cryptocurrencies use.
Blockchain can be useful used on its own. For instance by letting you know where the banana you are holding came from or if the can in front of you contains food from a processing plant notorious for bad sanitary conditions.
But this depends on the type of information on the blockchain. Anonymous cryptocurrencies like Bitcoin do not store identifying information or transaction details on its blockchain.
Israel does not have a CBDC although they have been mucking around with the idea for the last seven years. A true centralized CBDC will never use a decentralized blockchain. A decentralized Blockchain has unnecessary layers which slows it down and does not enable total control. You need a direct centralized database for that.
CBDC's have been a huge failure in the countries that have tried to adopt them.
Adoption Rate:
Bahamas - 0.19 percent of total currency in circulation Jamaica - 0.11 percent Eastern Caribbean Currency Union (ECCU) - 0.16 percent
In Nigeria the government tried to force the people to use a CBDC by blocking access to the money in the banks and this resulted in riots.
Why Did CBDC Fail in Nigeria?
CBDC adoption in Nigeria remains abysmally low, with less than 0.5% of the population using it, while over 50% have embraced cryptocurrency.
https://moderndiplomacy.eu/2023/10/22/why-did-cbdc-fail-in-nigeria-valuable-lessons-for-developing-countries/
Observations from the Retail CBDCs of the Caribbean
Three retail central bank digital currencies (rCBDCs) have been issued in the Caribbean, but thus far all have struggled to achieve expected adoption from both consumers and merchants.
https://www.kansascityfed.org/research/payments-system-research-briefings/observations-from-the-retail-cbdcs-of-the-caribbean/
Ayh followed the Nigeria CBDC thing closely and that WEF beta project was to see adoption and how to deploy it and they demonstrated that surprise surprise -- Africans are not equipped mentally for high tech. :)
When they said they would change the currency meaning all they had to do was recognize a different currency, their ape brains went mad.
But the big thing about CBDC pilot programs if you notice is that its only banks moving the money -- no users. Then places like India and Jamaica etc claim users.. in the millions.. but to date you are hard pressed to find a single average consumer claiming to have used it. Only banks.
Surprise, crypto is the new one world government fiat. Keep consuming, debt slaves!