I Do NOT Trust CBCD

I do NOT trust the Federal Reserve (Fed)'s fiat CBDC. Why? Because CBDC is CENTRALIZED. In other words, I do NOT trust ANY CENTRALIZED digital currencies.

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Why Centralized Is Bad?

• The FED would fully control how, when, where you receive or sent your money.

• In turn, the Fed could censor your feelings and thoughts they disagree with. By limiting or blocking your transactions.

• Related 30 seconds video by Dr. Mike Yeadon at https://rumble.com/v2f3mei-its-offensive-dr.-mike-yeadon-issues-a-stark-warning-against-central-digita.html

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Why Decentralized Is Good?

• YOU fully control how, when, where you receive or sent money.

• FREEDOM of feelings and thoughts. In other words, with a decentralized digital currency, you are protected against the risk with the Fed censoring your feelings and thoughts.

• Stronger privacy. Only you as sender and the beneficiary see your transactions.

• Stronger security. If the software code of the decentralized digital currency is Libre Source (Open Source), this means that more people are able to both contribute to it and improve it. In turn, this result in stronger security. In other words, more eyes watching for vulnerabilities and fixing those.

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Alternatives to CBDC?

Examples of really DECENTRALIZED digital currencies (cryptos):

• Monero at https://www.getmonero.org

• Bitcoin at https://bitcoin.org

• Bitcoin Cash at https://bitcoincash.org

The main benefit of Monero is that it has a much stronger privacy than both Bitcoin and Bitcoin Cash. Also, Monero is supported by the third-largest team of software engineers.

Bitcoin Cash is an improved version of Bitcoin. For example, but not limited to, faster transactions and easier to scale bigger than Bitcoin.

If a state is interested to issue a digital currency, how about using an already existing DECENTRALIZED digital currencies (cryptos). Either:

• As is. That is to say, use the already existing decentralized digital currency. Optionally, support it as a sponsor. With donation, or patch, or any other type of contribution to your liking. Conditional to support it WITHOUT strings attached. So that it fully remain DECENTRALIZED.

• Fork it. That is to say, fork (duplicate) its code and adapt it. While, at the same time, keep it fully DECENTRALIZED. Then let people decide if their forked version better meet their needs or not.

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Decentralized Exchange

In addition to DECENTRALIZED crypto. For those who needs a very advanced DECENTRALIZED EXCHANGE software, I suggest the fully FREE Bisq at https://bisq.network

"Buy and sell bitcoin for fiat (or other cryptocurrencies) privately and securely using Bisq's peer-to-peer network and open-source desktop software. No registration required."

With Bisq, both your transactions and crypto have the strongest protection against external interference. They can not be blocked or censored.

Short 2 minutes video of a Bisq trade at https://youtu.be/QjmpAq9RUXM

Your benefits with Bisq:

• Bisq is 100% decentralized.

• Free software. No license to pay.

• Government and organization cannot block you. No censorship. You are really free to trade with anyone to your liking and express yourself. Of course, within the legal limits of your local community.

• No servers that could be seized.

• Libre software (Open source). So stronger privacy and stronger security.

• Video channel at https://www.youtube.com/c/bisq-network/videos

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F.A.Q.

What happens when the internet goes down?

Both the centralized CBDC and decentralized crypto face the same challenge when the internet goes down. The main difference is that, from a back end point of view, it much easier and cheaper to resolve this challenge with a decentralized crypto though.

For the last 15 years, in my local community, the internet was available more than 99% of the time. During that period, I recall a total of 2 days of internet down.

In the unlikely event that the internet goes down, with most App (software), your transaction simply automatically resume when the internet is back up.

If your transaction is a real emergency. Which can't wait for when the internet is back. You still can do transaction right away without internet:

• Simply use another network. There are many alternative networks to internet.

• Use a software (App) in a local network (LAN) without internet access. Usually, for many Apps, it is a simple one click button called "Enable local peer discovery setting". For example, if I need to do a real emergency transaction now, one of many options is in person, or via phone call, with the supplier, both parties activate their local peer discovery. Then proceed with their transaction. Done. After the internet is back up, this transaction is recorded on the blockchain. This is called "polled".

• Use cash. I always have a small mouth of cash at the ready for a real emergency.

• Use a local LETS exchange with another network than internet. My favorite is https://communityforge.net Software code is available for free at https://www.drupal.org/project/cforge

• Barter

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GOOD Or EVIL Behaviors?

I believe that most Civil-Servants at those organizations mentioned above have GOOD, ethical, and lawful behaviors. But allegedly, a minority of Civil-Servants at those same organizations have EVIL, unethical, or unlawful behaviors.

• What are CIVIL-SERVANTS? https://archive.fo/D7L7G#selection-65.90-65.182

• What are GOOD behaviors? https://archive.md/EAywk#selection-1699.14-1717.0

• What are EVIL behaviors? https://archive.md/9uFWf#selection-159.1-195.1

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Blog

Funny memes in my related blog at https://www.minds.com/Francewhoa/blog/reject-cbcd-and-alternatives-to-cbdc-1487229402629541905