Reject the BAD 🔗 CBCD (Central Bank Digital Currency). Embrace the GOOD 🗽 alternatives to CBDC.
I agree with Kennedy Jr. I suggest rejecting the BAD 🔗 CBCD (Central Bank Digital Currency). But embracing the GOOD 🗽 alternatives to CBDC.
I do NOT trust CBDC. 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. Including, but not limited to, I do NOT trust, Universal Monetary Unit (UMU), Unicoin, digital fiat currency. My blog at https://www.minds.com/Francewhoa/blog/reject-cbcd-and-alternatives-to-cbdc-1487229402629541905
Rotating wallet addresses is a standard feature in all major wallets since 2017, by using them it's practically impossible to track your wallet holdings as well as transactions as each transaction only links to what appears to be one wallet that's only ever been used once.
No wallet address can be linked to you either unless you explicitly tell everyone that a specific wallet is yours and prove it.
That said, if you're unfamiliar with those features, you could also use Monero which adds an extra layer of anonymity by encrypting the wallets transaction history too and protect it with a specific view key (second private key).
Not sure if I trust Bitcoin to be completely anonymous..
Bitcoin is not fully anonymous. Because all transactions are public. There are ways around this challenge with Bitchoin. But they require advanced crypto skills. Which are presently out of reach for most crypto newcomers.
Monero
If you need an easy to use and fully anonymous crypto with strong security, I suggest considering Monero at https://www.getmonero.org All transactions are really private.
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.
That's the fine thing about Bitcoin, it's a digital commodity, directly exchangeable with physical assets like gold and silver.
You could technically touch things you don't own, with Bitcoin you control your holdings. That's all that matters. You want to be in control over your own holdings, no matter if it's a physical or digital commodity.
A good example is digital payments in your daily life, how do you pay for your utilities for instance, most likely via a invoice on your internet bank. What about credit/debit cards, sure you have a few of those tho and use them for some of your shopping.
There's a valid need for digital payments too, and that's where Bitcoin comes in handy, every time you use digital fiat the bank charge you insane fees for that. 6% for a standard card transaction, $10/mo just to have a bank account and so it goes on, the banks also control your holdings and surveil you.
The fact that Bitcoin exist doesn't prevent you from using physical commodities, in fact, a store that accepts Bitcoin are more likely to also accept gold and silver payments because nobody is pressuring them to stop that. In a area with a bad power grid or internet infrastructure it would make more sense for stores to have more alternative payments methods too.
Reject the BAD 🔗 CBCD (Central Bank Digital Currency). Embrace the GOOD 🗽 alternatives to CBDC.
I agree with Kennedy Jr. I suggest rejecting the BAD 🔗 CBCD (Central Bank Digital Currency). But embracing the GOOD 🗽 alternatives to CBDC.
I do NOT trust CBDC. 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. Including, but not limited to, I do NOT trust, Universal Monetary Unit (UMU), Unicoin, digital fiat currency. My blog at https://www.minds.com/Francewhoa/blog/reject-cbcd-and-alternatives-to-cbdc-1487229402629541905
Gold and silver cannot compete with the CBDC. Bitcoin can.
Not sure if I trust Bitcoin to be completely anonymous..look into BSV (Bitcoin SV) I heard it was more anonymous. (not financial advice, kek)
Rotating wallet addresses is a standard feature in all major wallets since 2017, by using them it's practically impossible to track your wallet holdings as well as transactions as each transaction only links to what appears to be one wallet that's only ever been used once.
No wallet address can be linked to you either unless you explicitly tell everyone that a specific wallet is yours and prove it.
That said, if you're unfamiliar with those features, you could also use Monero which adds an extra layer of anonymity by encrypting the wallets transaction history too and protect it with a specific view key (second private key).
thanx for the info.
Bitcoin is not fully anonymous. Because all transactions are public. There are ways around this challenge with Bitchoin. But they require advanced crypto skills. Which are presently out of reach for most crypto newcomers.
Monero
If you need an easy to use and fully anonymous crypto with strong security, I suggest considering Monero at https://www.getmonero.org All transactions are really private.
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.
Details at https://www.minds.com/Francewhoa/blog/reject-cbcd-and-alternatives-to-cbdc-1487229402629541905
Personally I don’t trust Crypto in general. I prefer stuff I can physically hold. But I’m very much a Boomer in that regard.
To each their own I suppose.
That's the fine thing about Bitcoin, it's a digital commodity, directly exchangeable with physical assets like gold and silver.
You could technically touch things you don't own, with Bitcoin you control your holdings. That's all that matters. You want to be in control over your own holdings, no matter if it's a physical or digital commodity.
A good example is digital payments in your daily life, how do you pay for your utilities for instance, most likely via a invoice on your internet bank. What about credit/debit cards, sure you have a few of those tho and use them for some of your shopping.
There's a valid need for digital payments too, and that's where Bitcoin comes in handy, every time you use digital fiat the bank charge you insane fees for that. 6% for a standard card transaction, $10/mo just to have a bank account and so it goes on, the banks also control your holdings and surveil you.
The fact that Bitcoin exist doesn't prevent you from using physical commodities, in fact, a store that accepts Bitcoin are more likely to also accept gold and silver payments because nobody is pressuring them to stop that. In a area with a bad power grid or internet infrastructure it would make more sense for stores to have more alternative payments methods too.
Democrat! Bitcoin! Not looking good.