CBDCs are a danger to freedom, here's why 🧵 \ stacker news ~bitcoin

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CBDCs are a danger to freedom, here's why 🧵nitter.it/Marketsbylili/status/1572271603903504385

90 sats \ 6 comments \ @cryptocoin 21 Sep 2022 bitcoin

25 sats \ 3 replies \ @Brunswick 21 Sep 2022

These CBDCs sound more like frequent-compiler points than money. I'm sorry to say, most people will use it, do whatever they're told and believe this is real money.

30 sats \ 2 replies \ @cryptocoin OP 21 Sep 2022

Complier points, I think you meant?

But yes -- only way these will see adoption is by way of pressure by the state, or when given out (e.g., basic income).

25 sats \ 1 reply \ @Brunswick 21 Sep 2022

Yes, compiler points. Spell check snafu

1 sat \ 0 replies \ @Brunswick 22 Sep 2022

0 sats \ 1 reply \ @cryptocoin OP 21 Sep 2022

The link for this post uses a read-only front-end for Twitter, which can be easier to read for viewing a full Twitter thread. The Tweet that kicked off the thread is:

Last year, the Bank for International Settlements (BIS) conducted a survey on Central Bank Digital Currencies (CBDCs). The survey found:

-26% of banks surveyed are running pilot programs on CBDCs -60%+ are working on CBDC prototypes

CBDCs are a danger to freedom, here's why🧵

25 sats \ 0 replies \ @m4 21 Sep 2022

CBDC are already here visa, mastercards etc. The same features.