A woman's main task is to have children.

Educate children well.

Being a good mother is a woman's primary task.

Are you agree?

I keep trying to think about this problem in a different way because, throughout human history, there were always clear hierarchies of power. Freedom is anything but the norm. The sheep can’t stray beyond their nature. Even if we get rid of fiat, how long until these dynamics creep back in? Brainwashing and abuse of the sheep seem inevitable which means this may repeat even under a Bitcoin standard.

全体男人的首要责任首先是想办法保障社会公平，有了这个基础才有办法保护自己家庭。现在社会过于不公平，导致男人即使有对家庭的责任感也没有能力负责。而多数女人看不到这一点，你的苦难更多是社会不公造成的，并不是男人能力不够。好的女人首先要找一个对社会有责任感的人，你才有最基本的社会保障。

Why are CBDCs being created? Stated objectives and real incentives.

CBDCs are often presented as a response to obvious needs, such as the desire for more efficient payments, greater financial inclusion and more resilient systems. These are legitimate and largely verifiable objectives. However, when monetary reform is presented as purely technical, it is important to consider the incentives that make it attractive to the institutions designing it.

The stated objectives are well known. Financial inclusion aims to reduce barriers to accessing payment services.

Resilience concerns maintaining business continuity in the event of shocks.

Efficiency promises lower costs and faster regulations.

Competition aims to rebalance power in payment markets that are dominated by a few private operators. Taken individually, these objectives are consistent with the public mandate of central banks.

However, alongside these, there are less explicit incentives.

Reduced cash usage is a recurring consequence of highly digitised systems. Cash is costly to manage, hard to track, and restricts certain forms of control. From an institutional perspective, the progressive marginalisation of cash appears to be a rational outcome, even when this is not formally declared as an objective.

Furthermore, in a context of increasing digitisation of private payments, monetary authorities risk losing operational relevance. CBDCs also address the need to maintain a central role in the monetary infrastructure, thereby preserving the capacity for intervention and coordination. This does not imply coercive intent, but rather reflects a structural incentive: those who govern the currency also tend to govern its technological evolution. In short, they are afraid of becoming obsolete.

This brings us to a key concept: the structural trade-off. Every increase in efficiency necessitates a certain level of standardisation. However, every standardisation reduces the variety of options available. In the case of money, more integrated and centrally coordinated solutions can improve system functionality, but at the cost of less operational freedom for individuals.

This tension is not moral, but systemic. Efficiency and autonomy do not always go hand in hand. One often advances at the expense of the other. CBDCs make this tension more visible because they move money from the level of the instrument to that of a fully digital infrastructure, where rules can be applied immediately and uniformly.

Monetary systems that do not depend on a central authority operate according to a different logic in this scenario. Bitcoin, as a social good, was not created to optimise institutional efficiency, but rather to enable economic activity to continue without prior authorisation. It does not compete with the stated objectives of CBDCs. It operates on a different level: that of constraints.

Every monetary system reflects the incentives of its designers.

Understanding these incentives does not imply judgement, but rather recognition of their effects over time.

#obsolete #monetary #system #bitcoin #cbdc #goal #inclusion

This is quite a clever idea.

Is it even bitcoin if it's not in self-custody? 🤔

A lot of the immigrants that are coming now, are coming to exploit. Because that's exactly what the government is offering them. If your coming to plant trees that you won't enjoy fruit from, as well as enjoy the fruit from the ones that were planted decades before you arrived. Fine, otherwise go back to your own country and try and make it better. Too many people will break economies and countries, if you think this is an accident you're a fool. When students can't get any starter jobs because immigrants have taken them all, that is a problem.

The citadel mindset is so toxic. It’s basically an “I got mine, now fuck you” attitude. That’s not how you grow culture and adoption. Pretty self-limiting if you ask me.

I don’t think you understand collapse. They’re always collapsing. The dollar is always collapsing.

I’ve been in bitcoin since 2010. I’ve been watching this longer that most people. Everyone waiting for a collapse is blind to the fact that it’s been happening for a while now…and it might slow down or speed up, but it will eventually collapse.