387 sats \ 2 replies \ @franzap 26 Apr 2023 \ parent \ on: Are you going to accept and use CBDCs? bitcoin
Not all countries will impose CBDCs in lockstep. For some it will be an easy task, in others it will be a tough battle and can even backfire.
I don't see how a country like Argentina can become "cashless" overnight when almost 50% of the economy moves in cash / black market. It's even an incentive for many corrupt politicians to keep cash.
Mexico is another one that comes to mind.
There are plenty, plenty of places to escape.
Yes, we know that CBDCs are designed to fail in the end.
But do not underestimate the power of stupid people in large groups (sheeple).
They will embrace CBDCs because they already give up to be free humans.
And that will make it even harder for Bitcoin adoption.
No matter how many BTC you will have, it will be in vain.
Escaping to El Salvador? Maybe could be a single escape valve, but is not enough. Is a fucking tiny country that could not host all the bitcoiners.
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Haha I don't underestimate sheeple, they are fucking stupid and it was very clear during covid.
But I think after covid more people have woken up. My cousin for example, she was just another normie but she ended up refusing the vaxx and now she started talking about CBDCs... something I would have never expected from her before 2020.
The point is not to have majority. The majority follows fiat "leaders". But with a strong vocal minority against it, CBDCs won't be an easy ride. Look what happened with the vaxx mandates... they had to revert course.
Also: Argentina is fucking big. Come here that we have enough space for many citadels.
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