I see Bitcoiners getting mad when seeing anything about CBDCs.
The only problem about CBDCs is that unfortunately it will take governments so many years to launch, by then the Lightning Network will be operating at a level imposible to imagine or predict, that the CBDC will be already obsolete at the moment of launching.
But, What if they could launch it tomorrow? The CBDC will be the spark many people need to wake up, and realize about the importance of self sovereignty. Nobody in modern society, from your friends, to your family, your neighbords or colleagues, would like to know that all their transactions are being tracked and controlled, and immediately they will go look for an alternative. Many people would realize Bitcoin is the lifeboat they were looking for, and start learning and understanding and falling into the rabbit hole, bringing Hyperbitconization to the world in the fastest way possible.
Unfortunately governments are too slow, so many layers of burocracy to make it happen, but they have their right to try create their shitcoin like everyone else and nobody is going to use it.
What are your thoughts/predictions if a CBDC could be launch tomorrow in your country?
Very interesting and a lot to unpack on these comments:
In South Africa, where I am at, they've already started to build the infrastructure, but it's being used to settle interbank transfers between the reserve bank and prime brokers, but I doubt we'll see it pushed on the public, its too chaotic of a change.
You need to have a certain level of cashlessness already, if not your CBDC cannot be programmatic, for example, here if you tried to put a CBDC in play and said you have a time to spend it or it has a certain interest rate, it just makes cash a better option and breaks the fungibility of the unit of account, people will trade CBDC's at a discount to cash
As for more advanced economies, sadly I don't see people getting trigged by them, yes there will be a niche at shout about it, but if it works when I go to the store, most people won't think as far as that and governments need that in the beginning, they need you to get entrenched in the system first that you have no outside value then they can sucker into their real policies
So the way I see it is if it does come out they will play very nice in the beginning, many will fall for the psyop for sure
The problem is that normies will get sucked into the CBDC realm with heavy marketing of "free money" or convenience.
Once they are in, and have gotten used to the convenience, its really hard to go back (ex: try giving up google).
But I agree that they are slow & anything made through a government is just poor quality.
Also, shitcoins like XRP might just team up with some govs. That would be a seriously FU world.
The only thing I disagree with is "XRP might just team up with some govs" — it's a bit more than a 'might' I'm afraid
https://thecryptobasic.com/2022/08/24/world-economic-forum-wef-names-ripple-as-official-partner/
Building CDBC upon Bitcoin is a super cool idea if those egos in max can be soothed.
да... нужно было ещё в 2018 внедрить этого говно... уже бы все поняли что это не работает.... ахааа