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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In theory it's decentralized, but most of the Bit coin mining is in China and if you control 51% you control the coin. CBDC can be a crypto, or a credit card any fiat really. We pretty much have a CBDC right now with the fiat and digital banks so....
The US is actually #1 for bitcoin mining now. China was #1 a few years back, around 2021. But they tried to crack down on it, and many of the miners fled the country. A good chunk of them ended up in Texas.
Plus sha 256 is nsa , plus read about big block and small block wars , plus regulation can cause manipulation, plus likely nsa roots , plus usa is largest holder and then add blackrock, etc and too much big corrupt entities control it... plus more