So I'm not backing down from that statement, because although it doesn't apply to everyone, it applies to many. We can talk honestly about this btw. No virtue signal necessary. Here are my three CBDC points, and I want to make them from a practical utility standpoint, not a moral or civil liberties perspective:

——— Uncertainty, which is created by the restrictions, geofencing, purchase voids, and possibly expirations of a CBDC, puts a carapace in the money. Meaning the ability of a CBDC to be a store of value is impaired and hollowed out. Velocity [of the money] will also need to be controlled dynamically if central banks are going to be effective with their policy. So all this puts it in direct competition with the better store of value, the harder money, which over time gets harder. Bitcoin suddenly has a perfect market fit.

——— ——— Then there's the inbuilt surveillance of CBDC's, which is different than the hardness/certainty argument mentioned above. And that problem manifests for a CBDC like this: the surveillance overlay makes CBDC's incompatible with several global structures if society is cashless (paperless). One of those incompatibilities are offshore tax havens, which become incompatible when the on and off ramps get surveilled statistically and directly. The Panama and Paradise Papers for example tell a story of many trillions of dollars, much of which will necessarily need neutral decentralized money. Again bitcoin emerges with a perfect market fit.

——— ——— ——— The last point is that CBDCs are naturally antagonistic with one another globally, and politicians will naturally want more power, wresting power away from central banks in how algorithms, personal information, issuance, etc, get decided within this new system ripe for abuse. Ultimately this should lead to airdrop degeneracy within elections. Airdrops to this group or to that cause. It all means directional problems with trust, velocity issues, currency pair volatility, inflation, and just uncertainty at large, so international trade will necessarily need neutral money that enforces rules. Perfect market fit.

Conclusion So maybe we can say that bitcoin has never been confronted before. A CBDC is the first confrontation, and counterintuitively, where it will monetize the most, out of necessity. The many posts I read on the subject of CBDC's smack of fear, the kind less to do with surveillance and more to do with the subtext: losing your stack's value. Just my observation. Hope this post helps shake loose those sharp pebbles for anyone with them moving around their shoes. Confrontation=Monetization

∞/21M