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That only matters when the hard fork is done fairly. There is no intention for the forked token to be used long term. The hard fork is simply a farce in order for Blackrock to comply contractually and maintain plausible deniability to swap to a fed controlled chain. Theres nowhere to dump - it's not like they would list the forked token on exchange. Once swapped over, the Fed can simply alter the rules with a soft fork and entirely replace the forked bitcoinnwith CBDC. Then they simply reissue new CBDC tokens under their own rules only to approved addresses, federated by the interbank system. Remember this is a CBDC, they have full control.

Allamex 2y ago

We will see if they can pull that off. Most in Bitcoin are ready for stuff like this and won’t update nodes to new rules.

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BITwise 🐳 >>= RIGHTish 2y ago

Hopefully they bungle this like they do most things.

And I agree, real bitcoin nodes won't swap over. In fact, they might not even know it was forked. Fed is incentivised to keep the fork relatively quiet. It probably won't have the longest chain, but thats not the play anyways. The primary objective is not to convert bitcoiners nor to co-opt bitcoin directly.

I believe the aim is to convert fiat usd into cbdc and migrate the American population over without a fight. CBDC allows totalitarian monetary control and a convenient reset button on the "value" of USD in the face of "a declining usd foreign dominance". CBDC becomes the fed's (trojan) white knight.

Gold standard ➡️ Fiat/Debt standard ➡️ CBDC standard