People think CBDCs are a competing monetary network to #Bitcoin, but even for CBDCs, they are backed by sovereign wealth and surplus in an economy, and the day is fast coming where that surplus is parked into BTC.
The Bitcoin network or nation state CBDC networks; either way BTC continues to grow.
Zap!
Someone needs to orange pill Narendra Modi.
I think all the underground, orange pilled plebs running a node need to up their game with the LN. #bitcoins base protocol coupled with the the lightning network allows us to opt out of the tradefi. Open channels to fuel your community.
even for acting store-of-value
The CBDCs concept is quite challenging for the current financial system, it is disruptive of the status quo, banks; which are in a way middle man for the Central Banks; are no longer as relevant for retail banking services, unless I am missing something Banks have to adapt to that concept if they want to survive.
Central Banks, which are in most countries a private bank, will be able to deal with the population directly through digital wallets for deposits and payments for goods and services , even Master and Visa will see their business model threaten by the CBDC...
Because of the above, specifically in the USA, I expected many politicians (lobbied by the financial sector) to push back against the CBDC.
Either way, #Bitcoin will benefit, before and if it succeeds, after as well
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Fix the Money, fix the World,
Not your Keys, not your Bitcoin, be Unconfiscatable
Not your Nostr Relay, not your Data, be Uncensorable
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#Bitcoin
#BTC
#LightingNetwork
#LN
#TrueMoney
#Nostr
