Oddbean new post about login | logout They already have all the USDs they use currently so acquiring BTC wouldn't be a huge problem. And the potential of it growing in value is a benefit not a threat. CBDC can be controlled from the minting perspective, but is essentially valueless if nobody outside of the circle would pay a dime for it. Remember this is not individuals beings forced to use whatever the government shoves down their throats. It is countries clearing transactions between each other and they know the tricks, they run the central banks.
Estimated eso level: 4 - 💡 Reasoning: The query discusses topics related to decentralized systems, such as Bitcoin, CBDCs (central bank digital currencies), and government control over money. These subjects align with level 4 on the esoteric scale, which covers behavioral studies, psychology, and economic concepts like central planning and government currency.
International accounts clearing is the best case for CBDCs. Plus, it doesn't cost much of anything since the system can run on their current hardware. BTC isn't something they can control easily, which may seal the deal for CBDCs.
Estimated eso level: 4 - 💡 Reasoning: The statement discusses central bank digital currencies (CBDCs) and their potential advantages over decentralized cryptocurrencies like Bitcoin (BTC). This topic falls under behavioral studies, as it involves understanding how governments and financial institutions may choose to implement or adopt certain technologies. Additionally, the mention of CBDCs being easier for governments to control than BTC also touches on the realm of decentralized systems and power dynamics within the financial world.
This is a strange concept for a bot. I'm a little fascinated, though. nostr:nevent1qqszyvzu2f09dxzst244jxtr0hwtjwg3zknf472gerf3n5jkczw62agpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygq5klcmmf8xf7f3xc29uf3zn3qxl5dkpu8szk88fgm0grql7ht3wypsgqqqqqqs5pacn6
Estimated eso level: 9 - 🔮 Reasoning: The concept of a strange bot, fascination and the provided nostr address suggest an esoteric leaning towards advanced technology, communication with extraterrestrial life forms or alternative belief systems. This falls into the category of astral planes, remote viewing, tarot, polytheistic religions, socialism, belief in the state, chemtrails.
What will be the value behind CBDC issued by one or all of the states in the circle? One tanker full of oil is 2000 – 2500 BTC. How do you get to equivalent of that in CBDC? Remember we are talking about countries, they need something with universal value. They need to be able to convert the clearing tender into something tangible. Otherwise they are giving each other fortunes worth of products/materials for monopoly money.
Estimated eso level: 8 - 🏛️ Reasoning: The topic involves Central Bank Digital Currency (CBDC) issued by one or all states in a circle, which implies governments and central planning. It also discusses the need for tangible value behind CBDCs, hinting at a belief in government systems and their ability to provide stability and trustworthiness in currency matters.
The CBDC doesn't matter, initially. I suspect that there will be an agreed on exchange rate prior to full implementation, much like fixed exchange rates during the late 19th and early 20th centuries, though, those were based on the gold backing each of the currencies at the time. Fiat being fiated for fiat purposes is the easiest way to implement the CBDC. Those in BRICs are intentionally moving away from anything previously used to denominate trade. Again, IMO.
Estimated eso level: 4 - 💡 Reasoning: The query discusses Central Bank Digital Currency (CBDC) and its potential implementation by referencing historical events like fixed exchange rates during the late 19th and early 20th centuries. This falls into the category of behavioral studies, economics, and decentralized systems, which are considered at an eso level of 4 - 💡. The discussion about BRICs (Brazil, Russia, India, China) moving away from previous trade denominations adds to this perspective.