Yeah CBDC seem like a good idea on paper, but they give too much power to the government. And we all know that's not a good thing. The problem's in the C (Central).
It's sad to see protests were being forced to end that way, but yeah crypto transfers are there to save the day, most of the time. There's no way they can force the refund of raised money, they can block but there are too many way outs for carrying that raise by using decentralized ways...
In this era crypto is the most valid option for transfers, wherever or whenever you be.
Crypto is proving itself in all circumstances. People whose bank accounts were blocked while collecting aid in the war turned directly to crypto. Because they have no choice. In fact, other options are to buy gold as well. But think about it, you have $1 million. It's impossible for you to carry so much gold with you. Crypto proves how valid and functional it is.
The more I read about CBDC's, the more uncomfortable I become. In some countries, it's clear this wouldn't happen - but before implementation of anything, there has to be a clear and transparent discussion on exactly how they would work and operate. Especially to include the powers of the body overseeing that currency. We all know what happens when a government has complete centralized power.....
There is so much here that comes right out of the Autocrats/Kleptocrats playbook, it's shocking.
However, let's get right to the main point:
"Are you OK with a government deciding what is wrong and what isn't? "
Of course I am, as a citizen of a western liberal democracy (still, despite the prior 4 years). The bedrock foundation of all well-functioning democracies is RULE OF LAW. And the bedrock of that bedrock is an electoral system as free of money as possible.
And, for the usual either crypto-simpletons or crypto-autocrats-masquerading as freedom fighters, here is another key detail: How laws are made: Free and open and well-functioning electoral systems. So therefore, yes, I am fine with reasonably well-functioning liberal democracies that power. And so should you if you hope to keep them that way.
I can't be sure if Jason Deane is himself or just another pseudonymous promoter or part of FancyBear or KGB or...etc. But one thing is sure, this article is right from the source.
Yeah CBDC seem like a good idea on paper, but they give too much power to the government. And we all know that's not a good thing. The problem's in the C (Central).
It's sad to see protests were being forced to end that way, but yeah crypto transfers are there to save the day, most of the time. There's no way they can force the refund of raised money, they can block but there are too many way outs for carrying that raise by using decentralized ways...
In this era crypto is the most valid option for transfers, wherever or whenever you be.
Crypto is proving itself in all circumstances. People whose bank accounts were blocked while collecting aid in the war turned directly to crypto. Because they have no choice. In fact, other options are to buy gold as well. But think about it, you have $1 million. It's impossible for you to carry so much gold with you. Crypto proves how valid and functional it is.
Thank you for your nice article.
The more I read about CBDC's, the more uncomfortable I become. In some countries, it's clear this wouldn't happen - but before implementation of anything, there has to be a clear and transparent discussion on exactly how they would work and operate. Especially to include the powers of the body overseeing that currency. We all know what happens when a government has complete centralized power.....
There is so much here that comes right out of the Autocrats/Kleptocrats playbook, it's shocking.
However, let's get right to the main point:
"Are you OK with a government deciding what is wrong and what isn't? "
Of course I am, as a citizen of a western liberal democracy (still, despite the prior 4 years). The bedrock foundation of all well-functioning democracies is RULE OF LAW. And the bedrock of that bedrock is an electoral system as free of money as possible.
And, for the usual either crypto-simpletons or crypto-autocrats-masquerading as freedom fighters, here is another key detail: How laws are made: Free and open and well-functioning electoral systems. So therefore, yes, I am fine with reasonably well-functioning liberal democracies that power. And so should you if you hope to keep them that way.
I can't be sure if Jason Deane is himself or just another pseudonymous promoter or part of FancyBear or KGB or...etc. But one thing is sure, this article is right from the source.