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Replying to Avatar ODELL

First, a hastened government led bank consolidation, then a public/private partnership with the remaining large banks to launch a surveilled and controlled digital currency. We will be told it is more convenient. We will be told it is safer. We will be told it will prevent future bank runs. All of that is marketing bullshit. The goal is greater control of money. The ability to choose how we spend it and how we save it. If you control the money - you control the people that use it.

https://www.discreetlog.com/bank-consolidation-then-cbdc/

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08ebaf0a... 2y ago

Can they do it fast enough, i.e., before BTC sees so much inflow it’s too late? Tough predicament for them as every bank that goes down moves more monetary energy out, and it’s likely to do so non-linearly.

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