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because most people have meme-level understanding; they intuit the truth behind memes but have a hard time explaining it -- this is not bad, its just a cognitive shortcut

how are CBDCs bad?

ripe for abuse

a tool that can be used for authoritarianism _WILL_ be used for authoritarianism.

Chekhov's gun

again, see Argentina -- they have monetary authoritarianism all over the place, but they lack a perfect tool for control;

if they could have a 100% perfect tool for control, they would wield that weapon instantly to the detriment of everybody

Gregor 2y ago

But they already have that with current central bank currencies, KYC, cash regulations. What meaningful difference do the paper shreds make? Withdrawal limits, easy to counterfeit, difficult to validate, impractical for meaningful transactions, and the KYC theatrics in place of full traceability rob people of their most basic dignity IMO. I want analogue central bank currency, cash, gone, I want the pretense of individual freedom in that system gone, I want efficient, transparent tracking, honesty in the abuse.

They already have the proverbial gun, they keep the cabinet unlocked, and the bullets loaded, CBDCs just remove the veneer.

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PABLOF7z 2y ago

exactly

CBDCs do remove the veneer.

Just like covid but 10000x more.

Argentineans were abused by the state for decades but only when the corralito was imposed people took to the streets.

CBDCs are covid on steroids.

And covid abuse already awoke an enormous amount of people.

CBDCs will awaken another set of people, and more importantly, more economically impactful people.

Gregor 2y ago

Seems we agree, im general at least, so what speaks against, figuratively, dropping the veneer?

I really think that dose of honesty and increased transparency would help people on all sides, rip off the bandaid, and let us figure out a way beyond the already present dilemma, that hides it plain side.

I hope you know what I mean here, because I really appreciate how constructively you engaged in the discussion, instead of just punishing me for going against popular opinion.

Reverend Hodl 2y ago

Your labor and time is your sovereignty. You call choose to trade that for sats P2P. No CBDCs in that equation. Living on a bitcoin standard takes work and requires a community of others who are willing to exchange goods and services for sats.

We can sit Idly by awaiting CBDCs or we can begin each day educating ourselves, networking with like minded individuals and valuing our time and energy in bitcoin.

The alternative is conceding defeat.