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BTC · 1w

Central Bank Digital Coins will only improve the use case and value/power of Bitcoin

CBDCs are no threat to Bitcoin. Why? It’s because the blockchain technology isn’t the point of Bitcoin. The killer feature is what the technology enables and protects against. Human greed and government mismanagement ruins monetary policy without exception. History is replete with examples. You know them by now if you’re on this sub. Bitcoin takes people out of monetary policy. CBDCs are the same shit as every other type of fiat because people will run the policy into the ground with inflation and onerous money controls (and the amount of surveillance from governments on those chains will be fucking horrific) CBDCs will make bitcoin even more invaluable because the alternative will be bleak as fuck.
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