GLACA on Nostr: I hear you and I agree. What I am saying is that it is not bitcoin that is regulated ...
I hear you and I agree. What I am saying is that it is not bitcoin that is regulated but the use of bitcoin on certain territory and that is a huge difference in my opinion.
The way CBDC will be regulated will be at protocol level. To some extend Fiat is also regulated on protocol level..cash allows for some privacy and that's why they fight it and will kill it.
As long as bitcoin itself stays decentralized and can't be regulated I think we will live long enough to get to jurisdictions that will be bitcoin oriented..probably not US.
I doubt the US dollar will be backed by Bitcoin. Fed won't allow this to happen and since it is the boss of American governments it does what suits it's criminal activity supported by Fiat.
It will be a bloody collision of Bitcoin and Fed/Central Banks. The exciting part is that they can't just shut it down..and if US won't start buying BTC as their Reserve then some else will.
The way CBDC will be regulated will be at protocol level. To some extend Fiat is also regulated on protocol level..cash allows for some privacy and that's why they fight it and will kill it.
As long as bitcoin itself stays decentralized and can't be regulated I think we will live long enough to get to jurisdictions that will be bitcoin oriented..probably not US.
I doubt the US dollar will be backed by Bitcoin. Fed won't allow this to happen and since it is the boss of American governments it does what suits it's criminal activity supported by Fiat.
It will be a bloody collision of Bitcoin and Fed/Central Banks. The exciting part is that they can't just shut it down..and if US won't start buying BTC as their Reserve then some else will.