suboss on Nostr: It still concerns me. By letting the banks fail, they aren't getting the banks to ...
It still concerns me. By letting the banks fail, they aren't getting the banks to take responsibilty for their failures. They are removing the banks all together, and the new banks will be the government cbdc. So letting banks fail, is to remove the competition.
Majority of people don't have bitcoin, so they will have no choice but to use the cbdc.
In countries where cbdc attempted eg. Nigeria, China, not all the main banks failed? Not all banks have been removed.
If all banks failed simultaneously, because eg. a global financial crisis, and then government come in to save the day with cbdc, wouldn't majority of people fall into line and adopt cbdc? If this happened today then I fear this would be the case. I think the longer this scenario takes to happen, then the least likely this government cbdc infiltration could succeed. Hopefully by then enough people have bitcoin.
I dont think the government are brave enough to attemp such a plan to happen, risk of chaos, rioting, losing control etc. Also it would have to be a global financial crisis, so one country couldn't do this on their own. Literally all banks fail globally. So I suppose 2008 crisis, there was no point to allow bank failure, no body would have access to money globally, and a cbdc solution were not an option because they didn't exist.
Majority of people don't have bitcoin, so they will have no choice but to use the cbdc.
In countries where cbdc attempted eg. Nigeria, China, not all the main banks failed? Not all banks have been removed.
If all banks failed simultaneously, because eg. a global financial crisis, and then government come in to save the day with cbdc, wouldn't majority of people fall into line and adopt cbdc? If this happened today then I fear this would be the case. I think the longer this scenario takes to happen, then the least likely this government cbdc infiltration could succeed. Hopefully by then enough people have bitcoin.
I dont think the government are brave enough to attemp such a plan to happen, risk of chaos, rioting, losing control etc. Also it would have to be a global financial crisis, so one country couldn't do this on their own. Literally all banks fail globally. So I suppose 2008 crisis, there was no point to allow bank failure, no body would have access to money globally, and a cbdc solution were not an option because they didn't exist.