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Yes, I do understand: The dollars in your bank account are a CBDC. The dollars in your Paypal are a CBDC. The dollars in your Cash App are a CBDC. The dollars in your Tether address are a CBDC. The central bank can inflate the supply of these tokens as much as they want and they can censor transactions that users try to make with them.

Bitcoin solved this problem of CBDCs in 2009, idk why people think CBDCs are still relevant after that.

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Discussion

L0la L33tz 1y ago

Those are good analogies as those examples can be used to enforce similar control mechanisms to a CBDC (so can btc btw), but the key difference is that govs can (and do) force their use - so actually, no.

Kruw 1y ago

Nothing new here, the government has been doing this with a CBPC decades before they launched CBDCs:

Sean 1y ago

what do you mean when you say: 'so can btc'? Does this refer to using paper Bitcoin like ETFs? And custodial methods?