BITCOIN-TIME FOR A COOL FIAT CHANGE
So, Why Crypto Currency? Why not just go with a Central Bank Digital Currency?
First, I would like to point readers to the You Tube video which I will link below with Sam Callahan and Mark Moss
titled, “Breaking the Truth Around CBDCs in the US”. The information here I write about is a paraphrase of this video.
I believe the message these two gentlemen speak of IS MOST IMPORTANT. So here it is in a NUTSHELL.
CBDCs (acronym for Central Bank Digital Currency), differ from Digital Currency in 3 MAIN ways:
- A Central Bank Digital Currency is Programmable. Per Sam Callahan, “it is a granular level of control that is not capable with digital dollars.”
- 95% of the Digital Dollars are privately issued by Commercial Banks. A CBDC is a liability of the Central Bank itself.
- Digital dollars do have liquidity risks – example: PayPal. They could go under.
- A CBDC is liability of the Central Bank itself and they will tell you it is “safer” because a money printer backs it.
- BUT the NON PRIVACY AND THE SURVELLIANCE of the CBDC do not outweigh this “safety”.
- A CBDC is a transmission channel for a monetary tax policy where they could tax every single transaction people make.
- Example: No cash exists. You and I make a bet on a game. I lose. I have to give you $20. They can tax this.
Please listen to the video below. It provides vital information for your privacy and financial freedom.
Market Disruptors. Approximate Date March, 2023. Mark Moss and Sam Callahan. YouTube.
https://youtu.be/0p2ASQxUOcM?si=8ytKEDuJNLvoy66x
