Members Area Forums General Discussion Bitcoin as a CBDC

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  • #3794
    michaeldecerbo
    Participant

    Very very unlikely but nevertheless thought-provoking take from Bitcoin Magazine:

    https://bitcoinmagazine.com/culture/bitcoin-as-a-cbdc

    The thesis boils down to that:

    CBDCs are concerned with features such as controlled purchases, location-based restrictions, expiring transactions, and holding limits. All of these features are implementable on Bitcoin-anchored stablecoins. Most of these features are possible to implement via the base layer once mining is sufficiently centralized… miners will always follow capital. And the reality is that … the majority of bitcoin lies with custodial entities, while the U.S. government itself, as well as other regulation-friendly actors, have amassed a trove of wealth in BTC that might just outbid those in favor of permissionless transactions.

    • This topic was modified 5 months, 3 weeks ago by michaeldecerbo. Reason: fix typo
    #3799
    Kynan Jones
    Participant

    Surely the system would want a coin they can create more or less of and activate/ deactivate at will so they can continue the wealth robbing they are used to?

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