Replying to Avatar Secretary Janet Yellen

Oh yeah. They built the tool, people can use to escape their CBDC. You're very clever.

CBDCs are nothing like #Bitcoin. They won't be decentralized, they will enslave you. But yeah, stay there and wait instead of looking for way to protect yourself.
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ringo 2y ago

instead of being snippy, if you want to discuss it - that would be great.

Otherwise, I let snippy people to themselves. I ain't got the time for that.

Let's try this again in longer form, because you didn't stop to think about it the first time:

If you want to control all sides of a thing, you just imagine the other angles, and create them. So thus, you control them.

I didn't say cbdc's were like bitcoin. I said that it was a pilot study, for aspects of what would later become the CBDC. Consider it a behavioral study, both in micro and macro economics, and therein what people would do in various use cases of the financial instrument, and how they would or wouldn't respond to it, under differing stimuli and conditions, both real and created.

There are so many aspects of the bitcoin thing that cross correlate with an open and centralized banking payment system it's literally unreal, if one was to just stop and think. I don't have the time to write it up, but it's all there.

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ringo 2y ago

#[9] ^^^

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Secretary Janet Yellen 2y ago

Cypherpunks were trying for decades. They had all the tech just couldn't put is all together.

Your theory is that the government waited decades too and then decided to help them?

If #Bitcoin really is government project, why Satoshi was afraid to use it for wikileaks?

And again, even if it was the work of the (I believe you mean US) government, why would they create something they can't stop? And I mean, NOT ban themselves from it, I mean to stop the attack on dollar from the other 200 countries globally. Go ahead and explain.