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Difference between CBDC and bitcoin?

posted 116 days ago by heisthestorm 116 days ago by heisthestorm +24 / -0

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.

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▲ 12 ▼

– Plantmedicine 12 points 116 days ago +12 / -0

BTC - decentralized CDBC - Centralized

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▲ 0 ▼

– heisthestorm [S] 0 points 116 days ago +3 / -3

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.

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▲ 7 ▼

– xchainlinkx 7 points 116 days ago +8 / -1

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.

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▲ 3 ▼

– heisthestorm [S] 3 points 116 days ago +3 / -0

TY

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▲ 0 ▼

– Khakiclay 0 points 115 days ago +1 / -1

Read big vs small block wars. They 100pct can create ban lists and make your btc unusable.

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▲ 3 ▼

– xchainlinkx 3 points 115 days ago +3 / -0

If you try to convert BTC back to USD, then maybe. But for any regular Bitcoin transactions, no they cannot.

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... continue reading thread?

▲ 2 ▼

– GodzillaTrump 2 points 116 days ago +2 / -0

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.

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