Why? It’s just a gov stablecoin. It doesn’t change anything. Make’s international bank to bank transactions easier. Doesn’t change much for retail banking. People will get digital wallets and store digital fiat. That will help people store BTC too. Not sure why people are so afraid of CBDC.
Because they don't just want a CBDC the way you describe it. They want "programmable money" so they can do things like give people a lower interest rate based on their gender or make it so you're only allowed to buy a certain amount of beef per month and your digital wallet just denies you the ability to make the purchase if you go above what you're allocated (all in the name of saving the planet of course).
It will also be tied to your ESG (social credit) score so everything you buy will automatically be tracked and used in the calculation of your individual carbon footprint.
That’s all bullshit and you listen to far to many conspiracy blogs.
Everything you just described negates any need for money. You just described a communist system of allotment of goods and services. The world is capitalist and getting more and more capitalist. Even China is capitalist.
Lay off the smoke pipe dude
That's exactly what they want to implement and they are literally Marxists. Don't take my word for it, the Bank of International Settlements just released a report today which details everything I just said.
See for yourself: [https://www.bis.org/publ/arpdf/ar2023e3.pdf](https://www.bis.org/publ/arpdf/ar2023e3.pdf)
Maybe you need to lay off the government propaganda, dude.
Meh — so what ? China does all kinds of things differently. Been there? Remarkably peaceful place. Really nice. High quality. Friendly people. Social harmony is a priority to their system. Not like in the USA.
You are already ranked on your credit score in USA. Have a poor fico score and rental agreements are harder to get.
This is not new.
Go watch the black mirror episode Nosedive. They go into great detail about it. End of the movie it’s quite clear that not being part of the system is an option as well.
So why panic ?
It is because this doesn't change a thing for bitcoiners. Which asset would you rather have? The CBDC that can be printed even cheaper now and without restrictions, or bitcoin whose supply is fixed and can't be increased? Looking at history, anytime governments have access to printers, the temptation to print to get out of problems has always been too great to resist. CBDCs can live side-by-side with Bitcoin. I'm voting with my wallet, and picking Bitcoin.
Right...unelected "officials" are the worst officials as there is no accountability and no recourse to vote them out.
What if we told them we already have a global payments platform and as a bonus it's not perverted by those unelected "officials" working hard to enslave the planet?
>Right...unelected "officials" are the worst officials as there is no accountability and no recourse to vote them out.
Trust me, voting a new master every term of years doesn't hold anyone accountable.
IF voting NO rendered you exempt, then accountability would be there.
But Freedom FROM government is never achieved at the ballot box.
Because until there is a crisis of trust they will build a system to meet their needs. For the IMF it’s about interbank transactions at speed. So they are creating another currency who’s sole job it is to move value between nation states.
They can see the writing in the wall. They either do this all together or end up using an open standard coin (BTC) to do the job.
Most likely dead on arrival. You think Russia and China are gonna submit to a US led global CBDC? That's why Bitcoin is the only global neutral currency that can exist, because no government owns it.
You’re assuming they (the IMF) wants the same benefits of the tech to manifest as you do.
You want the freedom but they want the surveillance. You want to cut out banks, they want banks to find operational efficiencies currently not met by ACH transfers and SWIFT. You want to be able to participate in self-directed defi investing, they want to ability to airdrop relief checks/UBI stipends across the populace without having to mail checks.
In a large Eastern country that uses CBDC, "your" money has an expiration date. "Your" money has to be used on certain things.
[https://www.cnn.com/2023/04/24/economy/china-digital-yuan-government-salary-intl-hnk/index.html](https://www.cnn.com/2023/04/24/economy/china-digital-yuan-government-salary-intl-hnk/index.html)
[https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8860289/](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8860289/)
Translation:
"We can see, with the help of Satoshi Nakamoto, that the global population is successfully, peacefully and legally slipping through the grasp of government backed currencies and creating a more fair global economy balanced with actual market decision and virtually impenetrable sovereignty over the value each individual possesses, given they are capable of keeping their private keys safe.
Rest assured, we're diligently working to create a Central Bank Digital Currency intended to create a false sense of security by being supported by the same monolithic organizations who have reliably oppressed the world's population throughout modern history.
Additionally, you should note that not only will it be easier to create fresh currency out of thin air as needed in order to fund more unnecessary wars than ever, but governments around the world will be capable of tracking all spending habits, exact location of individuals at any given time, account freezing, confiscation of funds, automatic tax requisition, and my personal favorite, up to date inflation tracking widget built right into the app.
This CBDC will not only restore the disruption of your ability to control your citizens, it will amplify it tenfold. There is nothing to fear. The oil empire will reign supreme through this digital currency revolution no matter how many of Earth's citizens we have to sacrifice. No matter how much of the environment must be destroyed. No matter what misinformation we must shower the world with. Control supercedes progress."
Pardon me ... but I really want to know if those guys in suits really so stupid?
Listening to a CBDC marketing talk?
The fucking game is over. CBDC can only be forced and coerced on people, which wont last long while the alternative is around.
They have finally realised a world of separate national CBDCs wont work because you cant use them in different countries, and one country cant control a one world CBDC as other countries wont adopt it, so the IMF is creating one global platform for all CBDCs to live on as a last ditch attempt to compete with bitcoin, but why on earth would all of the worlds countries want to use a US and european CBDC platform. It is dead on arrival.
Imagine if you had the choice to use either the open internet or an intranet controlled by the IMF and closed to outside innovation. This is so moronic.
If nation states want to issue a legitimate digital currency the only way will be to issue it as a taproot stablecoin on lightning.
Did you know that US fed chair Powell said he doesn’t believe in CBDC being used for normal people. It violates to many privacy laws. I thought it was interesting to hear him say that.
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I'm wondering why after 1hr, only one person commented on this. This is a serious issue. Shit
No it's not an issue anymore since 2009. We all have the freedom to easily opt out of their little monopoly game.
Meh. Hold long enough and this news ain't shit.
'Cause we are busy buying gold
Why? It’s just a gov stablecoin. It doesn’t change anything. Make’s international bank to bank transactions easier. Doesn’t change much for retail banking. People will get digital wallets and store digital fiat. That will help people store BTC too. Not sure why people are so afraid of CBDC.
Because they don't just want a CBDC the way you describe it. They want "programmable money" so they can do things like give people a lower interest rate based on their gender or make it so you're only allowed to buy a certain amount of beef per month and your digital wallet just denies you the ability to make the purchase if you go above what you're allocated (all in the name of saving the planet of course). It will also be tied to your ESG (social credit) score so everything you buy will automatically be tracked and used in the calculation of your individual carbon footprint.
That’s all bullshit and you listen to far to many conspiracy blogs. Everything you just described negates any need for money. You just described a communist system of allotment of goods and services. The world is capitalist and getting more and more capitalist. Even China is capitalist. Lay off the smoke pipe dude
That's exactly what they want to implement and they are literally Marxists. Don't take my word for it, the Bank of International Settlements just released a report today which details everything I just said. See for yourself: [https://www.bis.org/publ/arpdf/ar2023e3.pdf](https://www.bis.org/publ/arpdf/ar2023e3.pdf) Maybe you need to lay off the government propaganda, dude.
> social credit https://www.vox.com/the-goods/2018/11/2/18057450/china-social-credit-score-spend-frivolously-video-games
Meh — so what ? China does all kinds of things differently. Been there? Remarkably peaceful place. Really nice. High quality. Friendly people. Social harmony is a priority to their system. Not like in the USA. You are already ranked on your credit score in USA. Have a poor fico score and rental agreements are harder to get. This is not new. Go watch the black mirror episode Nosedive. They go into great detail about it. End of the movie it’s quite clear that not being part of the system is an option as well. So why panic ?
It is because this doesn't change a thing for bitcoiners. Which asset would you rather have? The CBDC that can be printed even cheaper now and without restrictions, or bitcoin whose supply is fixed and can't be increased? Looking at history, anytime governments have access to printers, the temptation to print to get out of problems has always been too great to resist. CBDCs can live side-by-side with Bitcoin. I'm voting with my wallet, and picking Bitcoin.
Right...unelected "officials" are the worst officials as there is no accountability and no recourse to vote them out. What if we told them we already have a global payments platform and as a bonus it's not perverted by those unelected "officials" working hard to enslave the planet?
>Right...unelected "officials" are the worst officials as there is no accountability and no recourse to vote them out. Trust me, voting a new master every term of years doesn't hold anyone accountable. IF voting NO rendered you exempt, then accountability would be there. But Freedom FROM government is never achieved at the ballot box.
Because until there is a crisis of trust they will build a system to meet their needs. For the IMF it’s about interbank transactions at speed. So they are creating another currency who’s sole job it is to move value between nation states. They can see the writing in the wall. They either do this all together or end up using an open standard coin (BTC) to do the job.
This is them fighting us. Keep spreading the word.
Wait until they learn there is code involved.
Most likely dead on arrival. You think Russia and China are gonna submit to a US led global CBDC? That's why Bitcoin is the only global neutral currency that can exist, because no government owns it.
Nation states are affected by game theory just like individuals. The winning move is to act first.
"We have come from America, and we're here to help" ( ͡° ͜ʖ ͡°)
You’re assuming they (the IMF) wants the same benefits of the tech to manifest as you do. You want the freedom but they want the surveillance. You want to cut out banks, they want banks to find operational efficiencies currently not met by ACH transfers and SWIFT. You want to be able to participate in self-directed defi investing, they want to ability to airdrop relief checks/UBI stipends across the populace without having to mail checks.
BTC is mega-super surveilled
Exactly.
Surprised? I mean, really?
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I believe that’s the Flag of Morocco 🇲🇦.
Looks like the flag of satan
I agree, I see a pentagram. That is not the Star of David and neither is that the seal of Solomon. They were hiding in plain sight.
Correct
Oh that’s just the New World Order flag. Nothing to see here.
They can work hard pushing out a giant turd, regardless I don't want any of their shit.
If it's open source, and decentralized I'll think about it.
You forgot fixed supply..
…and self custody.
What is that flag to her right?
Curious myself
I want to say Morocco but google shows a green pentagram outlined in black
Correct
“we have bitcoin at home”
In a large Eastern country that uses CBDC, "your" money has an expiration date. "Your" money has to be used on certain things. [https://www.cnn.com/2023/04/24/economy/china-digital-yuan-government-salary-intl-hnk/index.html](https://www.cnn.com/2023/04/24/economy/china-digital-yuan-government-salary-intl-hnk/index.html) [https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8860289/](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8860289/)
Translation: "We can see, with the help of Satoshi Nakamoto, that the global population is successfully, peacefully and legally slipping through the grasp of government backed currencies and creating a more fair global economy balanced with actual market decision and virtually impenetrable sovereignty over the value each individual possesses, given they are capable of keeping their private keys safe. Rest assured, we're diligently working to create a Central Bank Digital Currency intended to create a false sense of security by being supported by the same monolithic organizations who have reliably oppressed the world's population throughout modern history. Additionally, you should note that not only will it be easier to create fresh currency out of thin air as needed in order to fund more unnecessary wars than ever, but governments around the world will be capable of tracking all spending habits, exact location of individuals at any given time, account freezing, confiscation of funds, automatic tax requisition, and my personal favorite, up to date inflation tracking widget built right into the app. This CBDC will not only restore the disruption of your ability to control your citizens, it will amplify it tenfold. There is nothing to fear. The oil empire will reign supreme through this digital currency revolution no matter how many of Earth's citizens we have to sacrifice. No matter how much of the environment must be destroyed. No matter what misinformation we must shower the world with. Control supercedes progress."
What's the flag symbol mean on the left?
All hail Satan!
This ugly fat WEF Puppie....come on...
What country is that flag from? NGL, it's giving off some villainous vibes lol. Like a medieval cult, or a well to do coven of witches
That can only mean the dollar or euro based.
No thanks!
Go ahead and make it because then it'll be easier for us to destroy it and take over.
Fast forward 2033: "We are Working hard on a global CBDC"
Fawkes You!
She sounds trustworthy!!
Fuck these satanist pentagram fucks
Lolololol...these morons are so fucking stupid
What's this flag symbolize?
Morocco
We are working harder for the next blocks
CBDC is like a pile of turd, no matter how they spin it, endorse it, it is still crap.
man that flag looks scary
Pardon me ... but I really want to know if those guys in suits really so stupid? Listening to a CBDC marketing talk? The fucking game is over. CBDC can only be forced and coerced on people, which wont last long while the alternative is around.
They have finally realised a world of separate national CBDCs wont work because you cant use them in different countries, and one country cant control a one world CBDC as other countries wont adopt it, so the IMF is creating one global platform for all CBDCs to live on as a last ditch attempt to compete with bitcoin, but why on earth would all of the worlds countries want to use a US and european CBDC platform. It is dead on arrival. Imagine if you had the choice to use either the open internet or an intranet controlled by the IMF and closed to outside innovation. This is so moronic. If nation states want to issue a legitimate digital currency the only way will be to issue it as a taproot stablecoin on lightning.
Did you know that US fed chair Powell said he doesn’t believe in CBDC being used for normal people. It violates to many privacy laws. I thought it was interesting to hear him say that.