Can someone explain to me why I should be terrified of a CBDC but Bitcoin I should be excited about. All this talk from Trump about bitcoin is quite frankly not comforting to me. I don’t trust any of it.
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (25)
sorted by:
I know they say that but I think we all know damn well they know who does what with bitcoin, we’ve seen them freeze it and confiscate it.
There is no centralized control of Bitcoin so no one can freeze your wallet addresses.
Best they can do is freeze your exchange addresses, which really doesn't belong to you to begin with (just like a bank.)
Cold storage fixes this.
TY
Read big vs small block wars. They 100pct can create ban lists and make your btc unusable.
If you try to convert BTC back to USD, then maybe. But for any regular Bitcoin transactions, no they cannot.
They can. Research block wars in early bitcoin. This was sn early fear, front end or bavk end lists. You can regulate or ban and prosecute. So theoretically that btc could be used in black market but at lower value, but risk of getting caught outweighs normalization of it.
Being decentralized doesn't mean its annonymous or untraceable. Its a public ledger. Its meant to be that way so that all transactions are transparent.