I don't think the basic infrastructure of BTC can be changed to accommodate the needs of a CBDC. First, once all BTC is mined no new money will be introduced in the system and second it will remain a decentralized, public and open source network, unless One world technocratic entities (governments and corporations) manage to amass most of the BTC.
Nothing guarantees that. All that is required is for the majority of nodes to accept a fork that introduces blacklists. There is nothing technologically or politically difficult about doing it. It just requires a big enough scare of "we need it to fight the terrorists".
Same with removing the 19 million bitcoin limit, though they would use a different scare tactic.
That's why I don't argue in favor of cryptos in general but for BTC specifically.
There is nothing special about Bitcoin from a technical standpoint that stops this. Only a mindset that is more prominent with BTC than with other cryptos. That can be changed with enough propaganda and false flags.
They said that about torrents 20 years ago and here I am still pirating most of the stuff I use. Seems like the government doesn't fare well cracking down P2P networks.
Oh, there will always be black markets. Always. But that won't stop them from coming after people. And it won't stop them from controlling the "legitimate" BTC network with their forced changes.
This sounds like fud talk. It's probably a campaign shills run to scare people off BTC and into "safer crypto" which is CBDC of course. Similar to the IMF worrying about El Salvador adopting BTC because it would lead to financial instability. They will cancel their loan too because of it. There's definitely a smear campaign against BTC ran by the central banks.
Possibly, but El Salvador rolled back their plans quite a bit, didn't they? If they need to introduce inflation into BTC, they will almost certainly get their way.
There are two many ifs and so far nothing has been done in that direction. Once things start happening I may take the "BTC is a stepping stone to CBDC" more seriously. I am well against digitalization and I don't even use a smartphone so I'm very skeptical to begin with but it's all conjecture and fearmongering so far.
You're a reasonable person. Can't argue with that.
Nothing guarantees that. All that is required is for the majority of nodes to accept a fork that introduces blacklists. There is nothing technologically or politically difficult about doing it. It just requires a big enough scare of "we need it to fight the terrorists".
Same with removing the 19 million bitcoin limit, though they would use a different scare tactic.
There is nothing special about Bitcoin from a technical standpoint that stops this. Only a mindset that is more prominent with BTC than with other cryptos. That can be changed with enough propaganda and false flags.
Oh, there will always be black markets. Always. But that won't stop them from coming after people. And it won't stop them from controlling the "legitimate" BTC network with their forced changes.
Possibly, but El Salvador rolled back their plans quite a bit, didn't they? If they need to introduce inflation into BTC, they will almost certainly get their way.
You're a reasonable person. Can't argue with that.