A Central Bank Digital Currency, also known as a CBDC, is a new form of digital money similar to a cryptocurrency. But unlike cryptocurrencies which are decentralized and private, CBDCs are not at all. They are instead the total opposite of cryptocurrency.
CBDCs are completely owned and controlled by governments. Meaning governments would hold your wallet, your money, and have access to all of your banking information. This would include information on every transaction in your daily life. It’s ultimate centralization.
With cryptocurrencies, governments can’t track how much you have, where you spend your money, or who you give it to. Plus they are decentralized, effectively pulling power away from central banks who have been using debt to control and enslave entire populations for decades.
With upcoming CBDCs, governments would enjoy more secrecy, and be able to control their population more than they currently do. CBDCs would also be easier to tax, since hiding any money from the government would be impossible.
Remember, central banks ARE the problem, and have been for decades. Crypto was created to stop this problem, yet they have gotten a bad rep because they don’t serve the interests of powerful people....<<<Read More>>>...