CBDC - For THEM not US
🗣️ DISCUSSION 💬
I am 100% for all Gov $'s to be tracked via CBDC on an open ledger that we get to track and account for every dollar they receive and spend.
No more of this endless money that goes to their special interests and is laundered around the world back to the deep states pockets.
They make the nonsense CBDC's to control us, I say hell no to that - but they should be 100% controlled by their own evil creation. No more billions disappearing into the deep state swamp... hopefully the white hats have this game planned out to implement against the creators.
CBDC means Central Bank Digital Currency. they are inherently centralized. if you want transparency just use real crypto. CBDC is just digital fiat currency that they control entirely.
Isn't Bitcoin, etc, just digital fiat currency that is somewhat controlled by it's developer? It only has value because people agree to trade in it. Ethereum shifting from proof of work shows how much leverage the developers have over it. Sure you can keep bitcoins offline in a wallet but you can do the same with cash and the value can become 0 just the same as a dollar hidden under your mattress.
"It only has value because people agree to trade in it." That would be anything, gold included. No, gold does not hold a magical property called value; its worth is impacted by consumer interest. Obviously, if no one wants a thing, that thing is worthless. When cooked down, that's all this trope about decentralized crypto (like Bitcoin) really says: "It's only worth something because someone wants it for some reason." Well, yea. Of course. We want Bitcoin because it's not a centrally controlled Fed bank scam like CBDC and cash. We want it to trade or (maybe) we want it for any variety of other reasons.
There is a difference between intrinsic value and what fiat currency or digital currency is. Gold, silver or any other physical asset can have an intrinsic value that goes beyond any instrument of trade. Gold, silver, copper, nails, hammers, screws, medicine, food...etc have an actual use that can be consumed/utilized for real world purposes, as well as a medium if trade. The concept of fiat currency is as an accepted medium of exchange that has no inherent value and is not usable for any real world purpose. I suppose you can argue that dollars can be toilet paper, so I guess it can have a real world purpose beyond any ideal, but I don't know about digital assets. They can be used for individual concrete numbering/identifying purposes, but only if you have access to a network to prove the identity of an individual coin.
"There is a difference..." If nobody wants it, nobody wants it, and the value is zero. Yes, this can happen to gold, too, (for example) through factors like government force or other influence. The precious metals market can also be manipulated, proving that gold holds no inherent value. Discussions of intrinsic and extrinsic value are academic; if no one wants the stuff for any reason, its value becomes zero.
"...etc have an actual use..." This just amounts to consumer interest. You may choose to ignore Bitcoin's uses, but people are using Bitcoin (and not only by trading).