RE: CBDC FUD is a Red Herring
(Edited)
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Nothing to see here đź‘€
A fellow Hive member pointed these out to me. I did the research and it’s quite real. How is forced use not a threat to freedom? I know my account name might be confusing but it’s sarcasm :) I hate the Fed
“ Deep State dystopia ruled by CBDC to live in our brains rent free for absolutely no reason. Stop worrying about trifles. CBDC is vaporware”
Gotta disagree here. We should be well informed and not freaking out but pretending it’s not happening is a whole other thing.
It’s not a thought experiment it’s a real thing that’s been worked on since 2015 at the Fed.
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You know who else thought they were building something that was going to get adoption?
Every single enterprise blockchain project.
Watch what happens.
Watch how it actually plays out rather than how it's been planned out.
Theory and reality rarely sync up.
Hard to take you seriously when I went into detail about how forced use is impossible.
Best they can do is heavily incentivize usage through UBI and a collapsed economy.
Interesting though because I have mentioned how the Hamilton musical is very weird because he was a total piece of shit central banker (which is vaguely referenced in the end of the play). Again I'm not blind to these things. I'm a realist. It can't happen the way people say it's going to happen.
Nice check it out I found it.
https://peakd.com/@edicted/central-banks-vs-banks
You see?
I'm very obviously paying attention to these things.
Don't you worry about me.
I watched the first video and it proves my point more than ever.
The system that got created is purposefully overcomplicated.
No one has any incentive to allow it to happen.
In fact he says the exact same thing I did here:
There is no Deep State and these people don't trust each other.
I mean there literally telling us it’s coming
Especially the European Central Bank
When was the last time the government said something and then that thing happened exactly like they said it?
These politicians have no idea what they are fucking doing.
How will they force this and illegalize the entire rest of the banking sector?
It has no value, it will gain no adoption because it has no value.
There are massive conflicts of interests here.
It's a pipe dream for the people who control it and against everyone else's best interest.
For every powerful person that wants a CBDC there are 100 other very powerful people that don't.
Have u seen the dummies in our society? Of course it will be excepted. People sell there souls for a $600 stimulus check. They’ll load it up with a grand or two and 80% plus of population will be using it in a week.
Plebs don't get to decide these things.
The only people who want a CBDC are the ones who control it.
The only way for a technology to usurp the incumbent tech is to be 10x better.
Have you heard this? It's quite true. CBDC isn't even as good as the current system.
It's impossible for it to gain any traction whatsoever.
We shall see, but I understand the reasoning you have now. I hope you are right!
It will be interesting to see how it plays out, but as it stands now, this is my assessment: CBDC is a huge nothing-burger... just like enterprise blockchain. Do you remember how everyone was talking about enterprise blockchain in this exact same way? Now no one talks about it... because it was never a threat to begin with; just like CBDC.
@yibbiy
They admit it above, thought you’d find clip interesting 👍
You are spot on, CBDC is ready and waiting. It will be in USA by 2030 I guesses latest or at least the full rollout attempt. Now I’d bet a year or two after Europe at longest and Europe I think 2024 latest.