BIS Chief Agustin Cartstens on benefits of #CBDCs:

“One example is by enabling micro-payments that are currently not economical, such as tips to the providers of social media content, or direct payments between "internet-of-things" devices.”

They pretend #Bitcoin and Lightning don’t exist because it will make them irrelevant.

The Bank for International Settlements is an insidious organization…

They want to tokenize *everything* including you, Anon.

Say “fuck no” to CBDCs.

https://www.bis.org/speeches/sp230222.htm

Reply to this note

Please Login to reply.

Discussion

Nostr CBDCs Zaps

There’s nothing micro about ole Agustin.

Please don't insult my alter ego!

They cannot tax crypto ⚡️

They already do…

Not directly. Nobody can tax me if I keep bitcoin or any other crypto in my wallet, and if I use it as I want. While for CBDC they can do whatever they want. ⚡️⚡️

Lol…I’m not worried about them. The combination of Nostr, #Bitcoin and micropayments maybe a great path toward Bitcoin adoption. Interestingly, those me be the tools to make the entire economy work.

We had some great discussions around trust in that context. People longing for a third party to adjudicate disputes between peer to peer monetary settlements for larger transactions. How should that work?

CBDCs will require a username/password login 😂🤣

Bring on the CBDCs!

Bring on the tyranny. Bring on the absurd allowances for government access and power to alter history and etc. Bring on the sanctions enforcement and the arbitrary and political monetary policy!

Bring on the stimulus, the welfare and the UBI.

It is the best advertisement for Bitcoin that they try to copy it, with all of their current privileges and powers maintained. It also does a better job of exposing their current privileges and powers as optional, for real political change.

The status quo is not ideal. Let's hurry up with the downfall of this old system. No sense in trying to save it or slow it down.

Say f*ck no to CBDC.

#[0]

Voila, you've just been micropayed!

By writing this, they just plainly admit they're copy/pasting everything from Bitcoin and are jealous as fuck that we're doing it already completely out of their control.