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Christine Lagarde - CBDC 2029
159 sats \ 5 comments \ @luiswagner 31 Oct bitcoin
If the digital euro really launches around 2029, what do you think will happen?
  1. How easy (or hard) will it be to trade or hold Bitcoin within the eurozone?
  2. Will more people consider leaving the euro area to protect their freedom?
  3. Will this accelerate Bitcoin hyperbitcoinization?
Curious to hear your thoughts, and feel free to add more questions or angles !
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10 sats \ 0 replies \ @DarthCoin 31 Oct
  1. Don't trade, just earn it.
  2. Leaving is cowardice. Just stand your ground and use Bitcoin.
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0 sats \ 1 reply \ @spiderman 1 Nov
Most Europeans are sheepie. There is a reason more than 80% of bitcoin trade is denominated in USD.
Europeans (except the Swiss) will accept whatever ECB tells them.
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0 sats \ 0 replies \ @luiswagner OP 1 Nov
Agree! I would say many Sheeps but the 20-30% who are Not are really strong I have to admit… the thing is These strong minority is already moving and preparing for This Situation… One Hand Hand I Feel like we Should keep staying but on the other Hand I Feel Like We have to Build new places and Communities outside of EU…
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0 sats \ 1 reply \ @fourrules 31 Oct
Accelerate hyperbitcoinisation:
  1. European banks in Frankfurt and Paris absolutely hate the digital euro because if it succeeds like the Brazilian implementation then it'll compete with deposits. They've lobbied to cripple it
  2. Stable Coins won't be effectively inhibited because of the hold that the US has over Europe
  3. Unlike the digital euro stable coins will nurture the behavioural shift to private key management by promising greater liquidity (micro payments) and convenient and cheaper payment processing fees
  4. Neo banks will adopt stable coins and because of competitive forces major banks will likely start their own versions or buy them, and the acquired companies will then influence the major banks culturally and technically.
Bottom line, the ECB isn't powerful enough to force the major banks into line, not in the context of Farage, Le Pen, and the AfD likely entering government in the next election cycle.
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0 sats \ 0 replies \ @luiswagner OP 1 Nov
Thank you! Really good points.
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