RE: Hot Air Balloon Analogy
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The problem with CBDCs is... that it is pretty darn evil.
So, good vs evil is really easy to throw at it.
But, it is really not evil, it is the people behind it, that have said they want more control. Control on what you can spend and where. And the tracking.
The other problem with CBDCs is, everyone is expecting the Trojans. Everyone is wary of Trojan Horses... except that we have a collection of such "horses" in the town square, on display, with wild parties every night...
What i can say about the future is that the banksters fail spectacularly... or they get rounded up and put on trial for fraud and worse.
But what does this say about how things will play out? Nothing. Except that we will see places where all the bank money seems to flow, and then burst, flop, thud. And if you like to chase things (like stock prices), then you will also be caught in the burst, flop, thud.
However! We are going to see cryptos win, because they are that much better than what we had. But the road... the road is not designed for race cars.
The road is a road and has many lanes.
It has a fast lane (cutting edge stuff that's 99% fails).
It has a slow lane (Bitcoin).
All of my research concludes that CBDC FUD is wildly overexaggerated.
I mean what else can I say on the matter?
I've done over 20 hours of research on it.
The people saying it's going to happen haven't done dick.
All they do is look for clues to confirm the bias.
They already decided what the answer was long ago.