I disagree because the reasons I am opposed to a CBDC, and the reasons that I've surmised most of my ilk are opposed to a CBDC, do not apply to Bitcoin.
The reasons people typically give for opposing a CBDC (most of which, by the way, apply to our current system where we effectively use a "digital currency" for 99% of transactions, just in the form of swiping a card or writing a check, which is all backed by essentially "IOUs" between banks, which are effectively a digital currency):
* The bank being able to arbitrarily restrict your usage of funds.
* The bank being able to track your usage of funds, associated with your identity (Bitcoin, inherently, can be tracked, but it can also be held anonymously, countering this)
* The bank being able to even more easily "print" more money (at least with cash they have to physically produce it, rather than just click a button)
* The bank being able to arbitrarily seize your funds.
One alternative that has gained a little traction. The bills are impregnated with gold (or silver). The smallest is 1/1200 oz.
But why so much trouble for all this? Can we not simply transact in gold and silver coin? A 90% silver dime is worth $1.65. So at .999 about two bucks. Coin like the 19th century half dime, one buck. There must be another metal that would value for smaller amounts. Once minted they last forever with none of the vast water and electricity usage of mining, storage, and transacting.
A big cash heist is a couple million. A big hacker heist is a couple billion. We are living at an inhuman scale and one day there will be a painful reckoning.
One alternative that has gained a little traction. The bills are impregnated with gold (or silver). The smallest is 1/1200 oz.
But why so much trouble for all this? Can we not simply transact in gold and silver coin? A 90% silver dime is worth $1.65. So at .999 about two bucks. Coin like the 19th century half dime, one buck. There must be another metal that would value for smaller amounts. Once minted they last forever with none of the vast water and electricity usage of mining, storage, and transacting.
A big cash heist is a couple million. A big hacker heist is a couple billion. We are living at an inhuman scale and one day there will be a painful reckoning.
Because digital currency, in general, is useful for modern life. That is why it has gained so much traction (cards and checks, that is, which are used for the vast majority of transactions and are ostensibly a digital currency).
The reasons people typically give for opposing a CBDC (most of which, by the way, apply to our current system where we effectively use a "digital currency" for 99% of transactions, just in the form of swiping a card or writing a check, which is all backed by essentially "IOUs" between banks, which are effectively a digital currency):
* The bank being able to arbitrarily restrict your usage of funds.
* The bank being able to track your usage of funds, associated with your identity (Bitcoin, inherently, can be tracked, but it can also be held anonymously, countering this)
* The bank being able to even more easily "print" more money (at least with cash they have to physically produce it, rather than just click a button)
* The bank being able to arbitrarily seize your funds.
One alternative that has gained a little traction. The bills are impregnated with gold (or silver). The smallest is 1/1200 oz.
But why so much trouble for all this? Can we not simply transact in gold and silver coin? A 90% silver dime is worth $1.65. So at .999 about two bucks. Coin like the 19th century half dime, one buck. There must be another metal that would value for smaller amounts. Once minted they last forever with none of the vast water and electricity usage of mining, storage, and transacting.
A big cash heist is a couple million. A big hacker heist is a couple billion. We are living at an inhuman scale and one day there will be a painful reckoning.
One alternative that has gained a little traction. The bills are impregnated with gold (or silver). The smallest is 1/1200 oz.
But why so much trouble for all this? Can we not simply transact in gold and silver coin? A 90% silver dime is worth $1.65. So at .999 about two bucks. Coin like the 19th century half dime, one buck. There must be another metal that would value for smaller amounts. Once minted they last forever with none of the vast water and electricity usage of mining, storage, and transacting.
A big cash heist is a couple million. A big hacker heist is a couple billion. We are living at an inhuman scale and one day there will be a painful reckoning.