I could be wrong, but I thought I read that when they launch the CBDC in the USA they are first launching it with banks to get them sending money back and forth with that instead of their normal process. Then once the banks are used to it (and probably figured out a bunch of issues that need addressed) they will start to introduce it to the public (like the frog in a pot of water). I don't think it is just going to happen overnight.
I'm hoping enough banks balk at it that they are able to kill it off - but I doubt it.
I also speculate that the govt isn't going to do anything to crypto until the CBDC has been in circulation for a while and the normies and vaxxed (or what is left of them by then) have completely adopted it like everything else. Once that happens I expect to see a massive confiscation like when gold was taken from everyone.
They will force the exchanges to sign it over to them once it is made illegal, and the govt will then sell the confiscated crypto on the international market like they do when they take out a dark web site. Some people will skirt the confiscation thanks to cold storage or hardware wallets, but I'd bet a paycheck that the govt can still track them down with NSA records from when people bought or sold. Unless you are selling or buying face-to-face it will be hard to avoid that.
I could be wrong, but I thought I read that when they launch the CBDC in the USA they are first launching it with banks to get them sending money back and forth with that instead of their normal process. Then once the banks are used to it (and probably figured out a bunch of issues that need addressed) they will start to introduce it to the public (like the frog in a pot of water). I don't think it is just going to happen overnight.
I'm hoping enough banks balk at it that they are able to kill it off - but I doubt it.
I also speculate that the govt isn't going to do anything to crypto until the CBDC has been in circulation for a while and the normies and vaxxed (or what is left of them by then) have completely adopted it like everything else. Once that happens I expect to see a massive confiscation like when gold was taken from everyone.
They will force the exchanges to sign it over to them once it is made illegal, and the govt will then sell the confiscated crypto on the international market like they do when they take out a dark web site. Some people will skirt the confiscation thanks to cold storage or hardware wallets, but I'd bet a paycheck that the govt can still track them down with NSA records from when people bought or sold. Unless you are selling or buying face-to-face it will be hard to avoid that.