I think Bitcoin gains more utility in a CBDC scenario. As the govt eliminates cash, that will increase demand for a cash replacement.
CBDC will likely start out great, widely accepted, with few downsides. But as acceptance becomes widespread, the govt will start using it as a mechanism of control. Just like the dollar (think sanctions). Just as big tech companies do--build the customer base, establish a monopoly, and squeeze for profit. Same idea, and it's inevitable.
When that happens, people will be looking for alternatives.
kennytaylor /
npub12m…8slah
2023-03-16 03:51:06
in reply to nevent1q…4m9a
Author Public Key
npub12mhh5lxhczvpawn8ls4zd25gxukln75zn8c92l5cr2pkp46qrvds48slahPublished at
2023-03-16 03:51:06Event JSON
{
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"pubkey": "56ef7a7cd7c0981eba67fc2a26aa88372df9fa8299f0557e981a8360d7401b1b",
"created_at": 1678938666,
"kind": 1,
"tags": [
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"content": "I think Bitcoin gains more utility in a CBDC scenario. As the govt eliminates cash, that will increase demand for a cash replacement.\n\nCBDC will likely start out great, widely accepted, with few downsides. But as acceptance becomes widespread, the govt will start using it as a mechanism of control. Just like the dollar (think sanctions). Just as big tech companies do--build the customer base, establish a monopoly, and squeeze for profit. Same idea, and it's inevitable.\n\nWhen that happens, people will be looking for alternatives.",
"sig": "9691c299feb2a41f2cfff2caff96751a14c2ecc5165990ba1acdb771be787466dafe6d8428f89bed59c8ddd8eaaa21ab378116fae659e7069281759c054e9caf"
}