Most bitcoiners are afraid of CBDC, But I think it will be less drastic than we imagine. Bitcoin is the solution, And over the next 100 years as the Chinese empire grows and contracts again, Bitcoin will fill a new role undoubtedly.

But for the 60% of people who are just passengers in the development of the world, With too little power to influence history, A centralized financial system to tow them along is the only way for them to follow the narrative. Could you buy bitcoin with no smartphone, With no computer? Could you buy bitcoin if you had to grow a crop of tomatoes to trade for 40 kilos of rice and a chicken in sub sharan Africa?

It is easy for us in the bitcoin community to focus on the control the government will have over a centralized permissioned distributed ledger, And the amount of manipulation in the economy that will follow, But if you made it into bitcoin, You are in control of your own life, Which is why the government exists, To control. But what about the 35% of the world that lives on $1.50 a day or less?

Reply to this note

Please Login to reply.

Discussion

No replies yet.