Jason Hodlers ♾️/2099999997690000🏴 on Nostr: I kind of agree, but here's my "ackchyually": I think what we use in the US and most ...
I kind of agree, but here's my "ackchyually": I think what we use in the US and most of the West today is more like a "BDC", so just without the first "C".
We use a Digital Currency that comes from a Bank, but not directly from the Central bank. There's at least another degree or two of separation between us and those who run the Fed.
With a CBDC, everyone uses the same bank, which has the power to give you money, take it away, make it expire, or do anything else with it, with or without cause. Yes, banks in the US can do that now, but there are still too many competing banks, which makes that kind of control and oppression difficult.
If we had a CBDC, none of us who use bitcoin or Nostr, or who talk about the kinds of things we usually talk about would have any more fiat to spend, or be able to get paid from any of our jobs. The Fed and government can do that on a small scale, so they can and do freeze the accounts of high profile individuals, but the fact that they can't do that to all of us is evidence that we don't have a CBDC, but just a BDC.
Okay, thanks for letting me get that #ackchyually out of my system. I'm done now. 😅
We use a Digital Currency that comes from a Bank, but not directly from the Central bank. There's at least another degree or two of separation between us and those who run the Fed.
With a CBDC, everyone uses the same bank, which has the power to give you money, take it away, make it expire, or do anything else with it, with or without cause. Yes, banks in the US can do that now, but there are still too many competing banks, which makes that kind of control and oppression difficult.
If we had a CBDC, none of us who use bitcoin or Nostr, or who talk about the kinds of things we usually talk about would have any more fiat to spend, or be able to get paid from any of our jobs. The Fed and government can do that on a small scale, so they can and do freeze the accounts of high profile individuals, but the fact that they can't do that to all of us is evidence that we don't have a CBDC, but just a BDC.
Okay, thanks for letting me get that #ackchyually out of my system. I'm done now. 😅