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submitted by /u/invincibilityio [link] [comments] |
Thursday, 1 September 2022
Do you think BTC will surivive after CBDC is here?
I don't think so. BTC is meant to be a currency but so is CBDC. So it comes down to which one is better as a currency and that's CBDC.
CBDC is better because it has the same level privacy which FIAT has.... which is terrible privacy but it's infinitely better than no privacy at all which is the problem with BTC.
If you get your salary paid in BTC, then your boss will know which one's your address and will be able to know ALL your addresses, it does't matter if you send to another wallet, your boss will know all wallets that belong to you.
And the tools for analyzing the public ledgers are going to become more advanced and user friendly later, so your boss will likely not even need you to give your address, he'll just be able to look you up, typing your name into some public database and get all your wallets.
So what happens if you go to Vegas for a weekend and visit a strip club. Then you get fired from your job because it's visible in the blockchain.
It's not just your boss, it's also anyone can look you up. They can see all your savings, how much money you have, what you're doing with them. Your friends will know all about the sex toys you buy, your mom will complain on all the beer you buy, and your neighbor might get worried about why you're seeing a psychiatrist so often and I think we will all have to see a psychiatrist when we realize that WEF won the war against crypto currencies.
I just don't think most people will be ok with that extreme privacy issues BTC is going to have when/if businesses start accepting BTC.
That's why everyone will want to use CBDC as their currency.
And that's just one of the many problems which crypto have against CBDC. Those corrupt politicians can do anything, higher taxes for those who use BTC instead of CBDC for example. And no one wants a highly volatile currency like BTC anyway.
BTC is going to just be for investing, but the whole selling point of BTC is gone when CBDC comes, so it might not make any point to invest in BTC any more.
Goverment will have direct full control of CBDC and indirect full control of BTC (and other cryptos like ETH as well). It's only privacy coins like Monero which can resist their control. BUT Monero will also be useless because yes it's a great currency that can't be stopped, we can use it to send money anonymously but no businesses will accept Monero if/when it's illegal and it's already illegal in a few countries.
This whole BTC is a decentralized resistance against oppressive governments, it's freedom money bla bla is all bs. BTC can't resist anything.
Mixers will get sanctioned as well. Tornado Cash already was and the dev was arrested.
WEF and CBDC have basically already won. They are just one move away from check mate. You will own nothing and you'll be happy! Crypto lost and we're going back to slavery. Please change my mind if you can.
[link] [comments]
source https://www.reddit.com/r/btc/comments/x2jecv/do_you_think_btc_will_surivive_after_cbdc_is_here/
Wednesday, 31 August 2022
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Crypto.com Mistakenly Sent $10.5 Million to Client Instead of a $100 Refund
Crypto.com
According to 7News, two Melbourne women, Manivel Thevamanogari and her sister Gangadory Thevamanogari got a AUD$10.5 million deposit from Singaporean cryptocurrency exchange Crypto.com after the latter made an error in giving a AUD$100 refund. An employee reportedly inserted an account number in the payment box instead of the return amount, resulting in an incorrect transfer to their bank account. According to court filings, the beneficiary utilized a portion of the monies to purchase a lavish property shortly after receiving them.
The event happened in May 2021 but was not noticed until a December 2021 yearly ...
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