It's also true that about 30% of the Nigerian population is the middle class. It wasn't so much this class that rejected the CBDC, it was the better than 50% of the population that relies on cash payments. A good proportion of this have no bank accounts. I think it took some time before the middle class got on-board with rejecting the CBDC mandate. This was well after the riots started.
In the United States, who doesn't have a bank account? What if tomorrow a decree is made that all paper currency will be exchanged into CBDC? And paper currency will no longer be recognized. The FR would provide a drop-dead date to exchange all paper denominations in private possession to be turned in and exchanged for CBDC. This is similar to what they did with gold in 1933. Would Americans take to the streets like they did in Nigeria. They left over half the population out to dry..... and didn't care what happened to them. This is what led to the riots. Would we see the same here?
What do you mean? China has waffled on Bitcoin many times. Heck just 6 days ago they recognized Bitcoin as a digital currency after supposedly “banning” it. Im pretty sure theyve “banned” it like 6 times. People are still using it and mining it there despite the government bans. Also id suggest watching this cointelegraph video about how bitcoin is being bought and sold and gaining ground in Cuba.
You just confirmed, as I did, that CCP has banned it. I'm not aware that just 6-days ago they recognized Bitcoin as a digital currency. I'd like to see more info on this. However, previously the CCP most certainly did ban it. Digital anything is vaporware to me.
It'll be "hey friends, move over to CBDC and your student debt doesn't move over to dollar 2.0"
And also, all food stamps are now available in dollar 2.0 only.
And everyone will agree with exchanging their freedom for the handouts because they've been trained since at least 1987 to accept bailouts and handouts.
Yep. This is why the middle class in Nigeria didn't catch on to the CBDC snare until well after the 50%+ Nigerian population started revolting. Many of those 50% don't use banks. The middle class was all good with CBDC because they had bank accounts. It was the other 50% that seemingly red-pilled them.
It's also true that about 30% of the Nigerian population is the middle class. It wasn't so much this class that rejected the CBDC, it was the better than 50% of the population that relies on cash payments. A good proportion of this have no bank accounts. I think it took some time before the middle class got on-board with rejecting the CBDC mandate. This was well after the riots started.
In the United States, who doesn't have a bank account? What if tomorrow a decree is made that all paper currency will be exchanged into CBDC? And paper currency will no longer be recognized. The FR would provide a drop-dead date to exchange all paper denominations in private possession to be turned in and exchanged for CBDC. This is similar to what they did with gold in 1933. Would Americans take to the streets like they did in Nigeria. They left over half the population out to dry..... and didn't care what happened to them. This is what led to the riots. Would we see the same here?
Yes. Most of the world uses cash and many barter. They don’t have bank accts but they have cell phones. Hence the bitcoin statement. Be your own bank.
Except the central bankers will make CBDC the only legal App on sell phones. Look what the CCP did to Bitcoin.
What do you mean? China has waffled on Bitcoin many times. Heck just 6 days ago they recognized Bitcoin as a digital currency after supposedly “banning” it. Im pretty sure theyve “banned” it like 6 times. People are still using it and mining it there despite the government bans. Also id suggest watching this cointelegraph video about how bitcoin is being bought and sold and gaining ground in Cuba.
https://youtu.be/UPp0Xbk4bFo?si=an4-uZr779INva5Z
You just confirmed, as I did, that CCP has banned it. I'm not aware that just 6-days ago they recognized Bitcoin as a digital currency. I'd like to see more info on this. However, previously the CCP most certainly did ban it. Digital anything is vaporware to me.
It's not even that.
It'll be "hey friends, move over to CBDC and your student debt doesn't move over to dollar 2.0"
And also, all food stamps are now available in dollar 2.0 only.
And everyone will agree with exchanging their freedom for the handouts because they've been trained since at least 1987 to accept bailouts and handouts.
Yep. This is why the middle class in Nigeria didn't catch on to the CBDC snare until well after the 50%+ Nigerian population started revolting. Many of those 50% don't use banks. The middle class was all good with CBDC because they had bank accounts. It was the other 50% that seemingly red-pilled them.