Oddbean new post about login | logout What would a #CBDC do for the US government that they can't yet do with #USDT or #USDC? 🤔 #asknostr #bitcoin
https://youtu.be/4_QcbFNK_z4?si=R0IjDdUOnk9UViph nostr:nevent1qqsq88k7kydx6rajd4hn3qe5lj36mqrp98a725r5x4k78ehv3utwcwspzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtczyqafrxryrl5e3fu90jxel3lggzap8g00hajjzztvkv7fsf7zrtk05qcyqqqqqqgyc2d3m
Enable all manner of surveillance and seizure that pesky court orders to private institutions would hamper.
Do they currently not surveil, censor, or seize tether?
Which "they?" How much can "they" do so without court orders?
I don't know about USDC but tether announced onboarding the FBI and chainalysis and freeze wallets on ofac sanctions list
And you think U.S. governmentally created (mandated?) CBDC would be even worse? And considerably less transparent? What's your actual thesis here?
I meant to type "wouldn't be even worse?" I cannot see a scenario where the U.S. federal government wouldn't use a CBDC (Central Bank Digital Currency) to eventually exert far more insidious control over its users (citizens and others) than they could ever manage to impose on private corporations (especially international institutions). They'll offer "better security" (backed by military force and the power of the state to collect taxes, tariffs, and fees) and lower volatility (but with 2% "target official inflation" (and the hidden debasement of quantitative "easing" and issuance of T-bills. It'll be the same scams in most regards — just delivered cryptographically for greater efficiency and (their) convenience.
Thesis is that maybe tether is their CBDC appetizer. It currently gives much of what a CBDC aims for but has an added benefit of creating massive new demand for the dollar
As always, when postulating anything about what "they" are doing, or plotting, or intending … … ask "who is «they»." Who is behind Tether? Would they have been in cahoots with your conspiratorial "they?" Have they (creators and operators of Tether) been subverted? Co-opted? Enlisted? Conspiracy theories mostly don't work when you analyze the mechanics and the specifics. How would Tether be of any benefit to the factions within, and behind, governments who are (or may be) seeking to implement central bank digital currencies (CBDCs)? How would that work in their favor?
Here's a short video nostr:nevent1qqsrjkqg2j2fg7lr79wewwyy6jny2uvtd7czx7s9dg35d48vh5c52tqpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgsggcc8dz9qnmq399n7kp2yu79fazxy3ag8ztpea4y3lu4klgqe46qrqsqqqqqp5ne5m8 Or if you'd prefer, a long article https://unlimitedhangout.com/2024/07/investigative-reports/trump-embraces-the-bitcoin-dollar-stablecoins-to-entrench-us-financial-hegemony/