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BankSith 1y ago

#bitcoin vs #cbdc.

Choose your fighter wisely!

BITCOIN - Spend without permission

CBDC - Requires permission to spend

BITCOIN - Your money never expires

CBDC - Your money can expire

BITCOIN - Fixed supply of 21M BTC

CBDC - No limit on total supply

BITCOIN - Pseudonymous

CBDC - Linked to government ID

BITCOIN - Decentralized

CBDC - Centralized

BITCOIN - Users can run nodes

CBDC - Users can't run nodes

BITCOIN - Can't be frozen

CBDC - Easily frozen

BITCOIN - Can be self-custodied

CBDC - Must trust custodians

BITCOIN - Predictable monetary policy

CBDC - Changing monetary policy

BITCOIN - Secure

CBDC - Insecure

#centralbankdigitalcurrency #surveillancesystems #control #socialcreditsystem #china #dystopia #digitaleuro #nostr

🧡 https://bitcoin.rocks/bitcoin-vs-cbdc

nostr:npub18kpw3akvdsyk239lx0jgwksr74sq4nlha3r8u9g2rnrhztfpfhysy469c4

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Discussion

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TheGrinder 1y ago

Neo wait!! Follow the purple bird instead... knock, knock.

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Eluc 1y ago

BITCOIN - You're fucked if you loose your key.

CBDC - Can call your banker if you loose your password.

Maybe the only advantage and in case you get hacked by social engineering it's even another disadvantage.

Also fee can be highly variable on Bitcoin but are most likely fixed (or zero?) on CBDC.

I still think Bitcoin is superior but we should be fare when doing a comparison and work on solving the weakness. Lightning + multisign with miniscript backup key might be one of the possible solution.