Paypal, Bank apps, Visa..
It's already digital! So why does this fiat need a central bank currency. This guy is spot on! Will the government decentralize their currency with CBDC?
Of course not!
Will banks be pushed out from fractional reserve ponzi scheme?
Of course not!
So why would the move to central banks digital currencies?
My own thesis is that Western markets needs CCP (Chinese Communist Party) economic type control. CBCD's are perfect for keeping track of YOUR crypto. Other pegged coins or tokens are in fact a way out of the 'system'. However if you didn't ban BITCOIN but banned stable coins you would have an easier grasp of the crypto market. It's not about drug running, or terrorism.. JUST A THESIS!
Although:
https://www.zerohedge.com/crypto/study-finds-45-all-bitcoin-mining-sanctions-hit-iran
Digital assets are a technological revolution that will surpass my lifetime! This is an incredible opportunity no matter how shaky the markets seem. Personally I am seeing a shit in mentality towards Bitcoin around the world. Miner's can move and Gold uncontrolled is an enemy. I'm banking more on ALT-Coins like Ethereum.
https://twitter.com/michael_saylor/status/1396915801492439044
- michael_saylor
https://twitter.com/elonmusk/status/1396914548167233537
- elonmusk
Michael Saylor (@michael_saylor)
Yesterday I was pleased to host a meeting between @elonmusk & the leading Bitcoin miners in North America. The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide. https://t.co/EHgLZ9zvDK
Twitter•Today at 3:47 PM
Elon Musk (@elonmusk)
Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.
Twitter•Today at 3:42 PM
I'm sure the crash got some of their 'buddies'. More sharks in the waters.
