Central Bank Digital Currency cast aside as cash reigns king in Japanwww.eastasiaforum.org/2022/07/12/central-bank-digital-currency-cast-aside-as-cash-reigns-king-in-japan
87 sats \ 10 comments \ @cryptocoin 1 Aug 2022 bitcoin
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112 sats \ 0 replies \ @cryptocoin OP 1 Aug 2022
The Bank of Japan announced that it is not going ahead with plans to implement a Central Bank Digital Currency (CBDC) after all.
And why not? Because the people don't want it, they don't need it and they won't use it, that's why. (credit: James Corbett)
https://twitter.com/WallStreetSilv/status/1553899519359737859 https://nitter.net/WallStreetSilv/status/1553899519359737859 <-- Shows the thread in a single, easy-to-read, web page
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137 sats \ 7 replies \ @sb 1 Aug 2022
Opt out. Use cash. Buy Bitcoin. We will win peacefully :)
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35 sats \ 6 replies \ @allark 1 Aug 2022
Not likely.
Those who have instituted the Central Banking system have waged wars and genocides from Europe to Asia to Africa to South America totalling hundred of millions via famines, social engineering and of course conflict.
Violence always wins in the end.
Those who rule you do not want you to understand this so they push this "peaceful protest" nonsense on you.
When they come with guns and take you and your family, you either organize and fight back or you comply, just ask Russia after the Bolshevik infiltration and takeover who murdered the Tsar, his children as young as 4, and millions of Russians in the Holodomor. :)
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25 sats \ 5 replies \ @om 1 Aug 2022
Those who rule you do not want you to understand this so they push this "peaceful protest" nonsense on you.
I'd like to see those who rule me push something like "hey dude, protest by buying Bitcoin!" on me. That would be interesting.
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25 sats \ 4 replies \ @allark 1 Aug 2022
lol then they wouldn't be the bad guys would they? ;)
The only government that is doing that right now is El Salvador.
The international banker tribe does not exercise power mindlessly, it can change rulers on a whim or dispose those whom it cannot change quite easily.
The only exceptions either have nukes or backing from a power with nukes.
THere is a reason that taking a loan from the "IMF" comes with a bunch of riders which translates to pretty much selling out your country
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25 sats \ 3 replies \ @om 1 Aug 2022
My point was, when playing against the government I'd much rather play "whose money is harder?" than "who's capable of more violence?".
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25 sats \ 2 replies \ @allark 1 Aug 2022
I see your point but those without power do not have the choice against those WITH power.
The entire history of Central Banking, from the Napoleanic wars is rife with this.
In the end, it comes to Hard Money + Hard Violence overcoming Corrupted Money + Overwhelming Violence.
It should be interesting :)
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126 sats \ 1 reply \ @om 1 Aug 2022
I think you're overly pessimistic on this. First, cryptography is power. No amount of cannons and horses could help Napoleon to calculate a discrete logarithm :) Performance of people without cryptography is not indicative of future performance of people with cryptography.
Second, the very existence of bonds and the very fact that we can own stocks are the spoils of past peoples' victories against the State. You don't focus on those because they happened before the Napoleonic Wars.
Third, the world outside US/Europe has alternative payment systems, for example hawala, that the governments weren't able to suppress so they gave up.
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25 sats \ 0 replies \ @allark 1 Aug 2022
You need to learn true History, Napolean was not the bad guy.
It is realism. Naivete is no escape,as the truckers in canada amply displayed. :)
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10 sats \ 0 replies \ @cryptocoin OP 1 Aug 2022
The central bank is not considering its implementation in the near future. The purpose of the ongoing experiments is to catch up with new technical features involving blockchain technology, if the need for a CBDC arises.
The CBDC idea has not received significant support due to the prevalence of internet banking services, credit card usage and e-money payment tools. The public may not find it attractive to use the CBDC since private sector-based payment tools provide tangible benefits — for example, points that can be gained from using payment services which can be accumulated and used for shopping or payment for other services.
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