I can hear them seething. I was stupid enough to wait until BTC got to 55K. It's never too late to admit you were a fool and invest into the future of decentralized limited supply money and the only viable alternative to CBDC.
How do you know that bitcoin itself is not CBDC already, under the guise of being created by some mysterious Satoshi Nakamoto who might not even be a real person?
Have you converted your bitcoins back into U.S. dollars? Or you still hold the bitcoin?
Every transaction is permanently recorded in a public ledger. That seems centralized. Also you have no idea who centrally controls it or how much bitcoin is still in circulation. It's not actually used as currency for daily transactions. It's a fraudulent store of value and is worthless in a crisis. no one is going to give you ammunition or guns or food or gasoline or electricity or land in exchange for your bitcoins unless they are fools. Now that bitcoin is on the jewish stock exchanges it will become more speculative and fraudulent than ever.
You will own nothing (digital make believe bitcoins) and be happy.
u/XxxRDTPRNxxX already explained it - it's anonymous, decentralized and most of all has limited supply which means no monetary policy to manipulate money value and cause inflation-deflation boom busts. The only thing in common between BTC and CBDC is that they both are encryption based digital money. Monopoly money is more like real USD - both of them being fake printed money with an unlimited supply - than BTC is to CBDC.
As for Satoshi Nakamoto, he probably doesn't exist and the blockchain technology comes from the same place as all other groundbreaking tech comes from - DARPA and the military agencies. Just like any tech, it's just a tool that can be used for good or for evil. In this case BTC is the good and CBDC is the evil, and yes this is what they're shooting for and they probably use BTC as a stepping stone. That still doesn't make BTC bad though. It's the same as with the internet.
As if owning cash fiat money is any different? You don't even own the banknotes themselves - only the value they represent. It's the same with BTC - you own the value stored in BTC which is in your digital wallet. The difference is BTC is not issued by the Fed.
I can hear them seething. I was stupid enough to wait until BTC got to 55K. It's never too late to admit you were a fool and invest into the future of decentralized limited supply money and the only viable alternative to CBDC.
How do you know that bitcoin itself is not CBDC already, under the guise of being created by some mysterious Satoshi Nakamoto who might not even be a real person?
Have you converted your bitcoins back into U.S. dollars? Or you still hold the bitcoin?
How do you know for sure that bitcoin is a bottom's up movement?
Why hasn't the federal government and other world governments done more to shut it down if it was a true ground up movement?
Is it possible that bitcoin itself is a federal or CIA op? You guys already admitted the ledger is public.
Quantum computing gets developed and suddenly AI will have processing power to trace every transaction back to you.
Every transaction is permanently recorded in a public ledger. That seems centralized. Also you have no idea who centrally controls it or how much bitcoin is still in circulation. It's not actually used as currency for daily transactions. It's a fraudulent store of value and is worthless in a crisis. no one is going to give you ammunition or guns or food or gasoline or electricity or land in exchange for your bitcoins unless they are fools. Now that bitcoin is on the jewish stock exchanges it will become more speculative and fraudulent than ever.
You will own nothing (digital make believe bitcoins) and be happy.
u/XxxRDTPRNxxX already explained it - it's anonymous, decentralized and most of all has limited supply which means no monetary policy to manipulate money value and cause inflation-deflation boom busts. The only thing in common between BTC and CBDC is that they both are encryption based digital money. Monopoly money is more like real USD - both of them being fake printed money with an unlimited supply - than BTC is to CBDC.
As for Satoshi Nakamoto, he probably doesn't exist and the blockchain technology comes from the same place as all other groundbreaking tech comes from - DARPA and the military agencies. Just like any tech, it's just a tool that can be used for good or for evil. In this case BTC is the good and CBDC is the evil, and yes this is what they're shooting for and they probably use BTC as a stepping stone. That still doesn't make BTC bad though. It's the same as with the internet.
I liked that recent thread that someone copied from 4chan
About owning digital currency being "you will own nothing and like it."
As if owning cash fiat money is any different? You don't even own the banknotes themselves - only the value they represent. It's the same with BTC - you own the value stored in BTC which is in your digital wallet. The difference is BTC is not issued by the Fed.