Oddbean

Very much disagree with this, it’s a pretty naive take. - Australia’s CBDC was outsourced to the private sector, mostly the banks, and it’s successfully passed the pilot phase - so much for not giving up their debt creation, they’re working hand in glove with central banks - Privacy doesn’t override shit for normies. I’ll just point to Snowden’s revelations as evidence if any is needed. If CBDCs are tied to UBI they will jump in head first with no consideration for the implications on privacy and only later look for outside routes when they understand reality. - We always had gold as a sovereign currency, no-one used it because it wasn’t fit for purpose in the digital age. Sovereign alone isn’t enough, it needs to work for what people/institutions want to use it for. - There are already functional cross-border CBDCs (Singapore-China) and others have been successfully piloted (read BIS) - Digital Currency already exists in every fiat system. It’s not that different to a CBDC, that’s just amalgamating them into a unified system. If post WW2 monetary order was a design choice, what makes you think they’ll make a design choice for something they can’t control? Listen to saifedean or Lyn discussing the uptake of fiat / exit from gold standard in WW1 - once one nation went they all did because game theory effectively forced them to as you can’t win a war against a money printer if you don’t have one yourself. We’ve got what, 1 country which has decided to take the hard route of getting out from under the IMF and they’re not even done yet - everyone else just keeps sucking that teat. Even Milei is going begging to them. We’re not going to see CBDCs on Bitcoin-backed fedimints - this is delusional. Bitcoin will be used but not in this way. It will be the hedge system between the USD world and the BRICS world for countries that can’t/wont go all in on either and simply occupying that position will see it eventually eat both (not Gresham’s law - you’ve made the common mistake of inverting it). It will also form the black market currency for individuals for any transaction people want to make outside the government’s purview which initially just replaces cash but will eat all the usecases they try to impose their dystopia on. To say you’re unafraid is fine. I’m not afraid of money either. But I see what they’re trying to achieve and given there is no greater prize than control of the money (per Rothschild himself) I think it’s pretty shortsighted to just claim this is “doom-circle-jerk analysis”. They ARE playing for sheepstations, they’re not going to fuck this up coming from incumbency against a rebel network with 1% uptake. Bitcoin will win eventually but CBDCs are coming and freedom is going when they do. https://i.nostr.build/QO5q.jpg

Agreed, StackSats. Spreading awareness of the dangers of CBDC's is important. The negativity is not a result from informing others of the harmful implications of CBDC's, but rather when the critics don't offer a viable technical solution, such as Bitcoin. Without a solution the criticism quickly becomes defeatism. Governments need full control over CBDC's, which is why they are hell-bent to stay in charge over the protocol design, even if they outsource the actual work. I have no doubt that liberty and Bitcoin will triumph, yet it is vital that people reject CBDC's en masse.

Wanted to add that "bitcoin will eventually win" is not a certainty either, nor should we all be so complacent that it is inevitable. Victory should not be declared until it is earned, and history also shows that early declarations of perceived victory has led many to ruin. We are playing against opponents with vast resources and no regard for laws, who are currently also using their countries as testing grounds for what society will accept, through various freedom, privacy erosions. Add digital identity systems as a forced requirement to receive UBI via CBDCs, the masses will push the tipping point towards adoption. Privacy will be further eroded. When they shift the window to obsolete current forms of money like cash in favor of CBDCs, and as CBDCs become more widely used and accepted, where will bitcoin fit? Who will be left to transact with which they won't be able to identify? They will control the bitcoin narrative through all the traditional financial institutions via ETF and traditional media. It's not impossible that they will even be willing to sacrifice the bitcoin ETF and ecosystem to further their goals. The masses who own "bitcoin" through these ETFs will believe whatever they are told. Side note on digital identity systems and the roadmap, current uses. Extrapolate what could be possible in our futures if these systems become the norm: https://media.ccc.de/v/37c3-12004-please_identify_yourself

Bitcoin has already won, actually. Checkmate is already plotted. All we are doing is watching the deep state implode as they try to make frantic and disjointed moves with whatever pawns or lesser pieces they still have hoping to throw off the prospective winner. The more erratic the movements, the closer they are to demise. This is always true in history. Everything gets overtly fake and ghey at the end. From collisseum gladiator events (secretly wounding Combatants under their armor or starving them), to our sports now (phantom calls on video replay). Nothing new under the moon. We can see how fake all the metrics are, it's just simply becoming clear how many people each of us know that we thought were intelligent - have turned out to be flops. Duds. As disingenuous and inauthentic as their respective money supply. Don't expect an entity/enemy that has had power for 250+ years to simply recognize defeat, put their hands up in the air, admit they're guilty and put down the King.