97 sats \ 6 replies \ @Enemy_of_the_state 25 Mar \ on: RFK Jr. Issues Dire Warning Over CBDC Adoption econ
Yeah he’s halfway down the rabbit hole. Maybe more, but can’t say the quiet part out loud.
Governments are too incompetent to have a working CBDC any time soon. If they do somehow, maybe next decade, that will be the singularity moment for Bitcoin!
Governments are too incompetent to have a working CBDC any time soon.
This is what I've been trying to tell people. The manpower, expertise, and incentives just aren't there, for the most part. People assume there's much more competence in the government than there really is.
I know lots off government economists and most of them have never even heard of CBDC's, that's how out of touch they are. And, it's not like there are a bunch of new graduates who did their dissertations on it.
If they role out a CBDC it'll be a bigger failure than the Obamacare website.
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Yep, you have nailed it again @Undisciplined. What I expect is some government legislation banning it or something dumb like that. That will get some votes from those that haven't figured the scam out.
I don't recall which economist I heard say this but they were talking about how in some ways we already have CBDCs or a softer form of them. If you look at the Visa network, the credit scoring system, and the FedWire system it would not be a huge leap for private sector tools to be introduced somewhere in the existing system to offer more real time tracking of spending.
One issue I see with the fear about CBDCs today is that we are already further down the road than we realize. The existing systems aren't under direct gov control but they are very close to it. A better focus would be to fight what is here today. The censorship of transactions. The near universal use of credit scoring platforms.
If CBDCs are introduced I doubt there will be some choice offered. They would just be added to the mess of existing systems and if we are using these systems we will be using the CBDCs. I think RFK is just pandering here. I don't trust him.
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Now they're doing something similar in Iran.
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