Replying to Avatar Evan Baer

Something that occurs to me re these points

What if #bitcoin is the CBDC?

Consider if you buy bitcoin on a US exchange:

1. You buy bitcoin (with KYC)

2. Your bitcoin address is linked with your personal info

3. Your future spending of that bitcoin is visible on-chain

How is this BTC different than a CBDC?

What am I missing?

nostr:note1zu0wm7hnqd3a4eglyhr7hm3ctpa6nejph6durqzlc2zspydpzscsg84zef
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nicnym 1y ago

- Bitcoin is still completely different from a cbdc because the government or whoever cares can’t stop you from using the KYC coins.

What are they gonna do? Say math and speech is illegal?

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Evan Baer 1y ago

It hasn't happened yet but seems possible

can't stop transactions on-chain but could block at the fiat rails

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Matt 1y ago

That's an advantage - especially now more and more things can be brought directly with bitcoin.