Disclaimer: Shouldn’t have to say this, but this is not financial investment advice. The Daily Beagle is not offering any financial products or financial services. Obviously.
Minimum requirements for CBDC officially:
Peer-to-peer
Universal (anybody can hold it) or restricted to a limited set of users
Exchangeable with no knowledge of issuer
Anonymous or identifiable
(Optional) Does not yield interest
Bitcoin Features:
Peer-to-peer
Universal? Restricted to a limited set of users?
Exchangeable with no knowledge of issuer (no central issuer, so not applicable)
Identifiable. In the words of Bitcoin.org:
Couple that with KYC details (real name + wallet address annnd your privacy is gone):
Does not yield interest? (Debateable, but optional anyway)
The Daily Beagle offers one more requirement for CBDC:
Used/adopted by government.
Is it?
Well, it is sponsored by rich banking investors like Jeffrey Epstein (hey, wait a minute…)
Sponsored by those with ties to Jeffrey Epstein (that’s a good sign, right?)
Thank goodness they’re not all endorsing it suddenly at the same time…
…Oh…
Well they’re not using it, at least?
Argentina, free as fresh ai-…
Well the government can’t take it, at least. Right?
This will become relevant later on.
Anyone remember this fellow from FTX?
Did they get to spend the money…
…or did they mysteriously lose it all?
Now remember, there is absolutely no evidence Sam Bankman-Fried stole Ukrainian money, laundered it and donated it to politicians.
No evidence except all this evidence:
And where did Alameda Research get their stolen money from?
Besides all that evidence, there’s no evidence.
So remember folks, the government absolutely loathes bitcoin, would never, ever use it (especially not politicians, definitely not in money laundering, especially not hoarding), need 14 years to regulate it out of existence (or something), and are definitely not trying to adopt it as some sort of trojan horse CBDC whilst pretending to be opposed to it.
Remember, it’s been endorsed and worked upon by Jeffrey Epstein! What a trustworthy source! And it’s totally private (especially when they ask for your National ID to buy some at an exchange).
And Finally…
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Thoughts, dear reader?
CBDC and a surveillance state are interchangeable terms,
SBF & FTX were 100% frauds but they have nothing to do with Bitcoin. FTX was an exchange, similar to say Coinbase. If users had actually put their funds into Bitcoin & then into their own wallet, they would have been able to avoid the FTX swindle.