Thanks for your reply, but I'm not sure I agree. Negative interest rates for example. It's true that they could be employed now. But this would be through commercial banks. If this happened, people would rush to withdraw their money, a run on the banks. Through a CBDC, the commercial banks would be disintermediated. The policy would be set and implemented by the central bank directly. It's true that there's already a net surrounding us, but CBDCs allow that net to be tightened further. For what it's worth, I don't particularly fear this, as I think attempts to employ it would push more people into Bitcoin. There are two systems we can choose from. A CBDC just makes the choice even more stark and obvious. It's an act of desperation from a failing system.

Replies (1)

Stjepan's avatar
Stjepan 2 months ago
What would be different? You create negative interest rate and people start ditching your money for other currencies or forms of value. Is it implemented via commercial banks or central bank, all the same to us users. I haven't seen SINGLE thing that CDBC could implement that can't be implemented currently with current digital currencies we all use (Euro, dollar etc.). And i have to be clear, i do not want CDBC. I just think it's not way worse than shit we have right now. That's why i run from current Euro to Bitcoin whenever i have excess of Euros. If CDBC makes coince obvious, i'm all for it. People should understand what kind of system they live in. This way, when everything is behind this and that, this is not good for us, citizens. We need sunlight on our currencies.