299 sats \ 0 replies \ @Hermit OP 31 Oct 2022 freebie \ on: Is CBDC the fastest way to HyperBitconization? bitcoin
Very interesting and a lot to unpack on these comments:
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It will be good to know what is the plan for the South African government to make the normal people using the CBDC. Will that be on a government wallet? Or local banks will host the tokens and they provide the infrastructure? Nothing they will do is going to be as easy as download a Lightning Wallet as you say unbanked people can't even use the bank infrastructure.
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Try explain any "normies" the CBDC, how they can get different interest rates based on the transaction history, or funds freeze any time, and all their transaction being recorded by the government forever, and see their reaction. Even my grandma would by against that control and try to start learning about Bitcoin.
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WEF don't have absolutely any power or any decision to make around this, if they partnered with Ripple would be only because Ripple threw some XRP in the right hands, but nothing to do in the decision of countries economies. And if a country uses Ripple infrastructure or their own, it won't make any difference. Also, even if anyone decides to use the Ripple code to create a CBDC, why that should affect the price of XRP at all? As many people FOMO on Ripple after seeing that type of article.
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Never thought about the possibility of a country building a CBDC on top of Bitcoin, lighting and Taro. That actually will be their only chance to make it work. Don't say it too laud lol.
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Russian characters... Never it's too late.