Of course, but if you need an opt-out mechanism, or you need a self-sovereign, censorship-resistant currency, you know where to go.


You don't think so? Can the government print more of Bitcoin's supply at will like they do with fiat? Can the government stop my transaction? Can the government take my coins from me?

Plus I'm not talking about adoption, that will come in the right time, with or without regulation. It can't stopped.

People can not avoid to use fiat in their lives. Paper fiat or coming CBDC, we can not avoid to use them but I agree with you that in any nations, choose the most trusted banks to use and at least chose 2 banks (a basic of decentralization, even when use banks try to diversify to at least 2 banks). Big and trusted bank can be compromised and destroyed inside that we don't know till the day it announces a bankcruptcy.

I don't go all in on Bitcoin, same as you. Because as said, I need some amount of fiat to use, and to manage risk. Investment in bitcoin should be made with free money that we don't have plans to use in near future. Beyond bitcoin, another fund in fiat for emergencies.

I believe they rather invest in blockchain technology and create their own cryptocurrency instead than adopting the existing one.  This way bank have full control of the released token.

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Well, I think Central Bank has Bitcoin in their mind but they are too proud to accept that it is superior than their current Digital finance system once fully developed.  Central Bank may adopt Bitcoin but it will not let Bitcoin control the finance system.  In short, Central banks will ride the popularity of Bitcoin with ulterior motive of taking control of its ecosystem if not its blockchain.

In conclusion, Central bank had its say when it comes to financial system because they have the authority.  There is no way Bitcoin can compete with them when it comes to authority.  But Bitcoin will definitely have an effect on how central banks shape the future of financial system.

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They can't print more BTC but they can create another cryptocurrency according to their likings.


I definitely agree on this part but without regulation, it will take more time to be adopted.  And when it is adopted, government will find ways to regulate it.

If only some people will try BTC to know how bitcoin is tested and trusted, they will like to bet with bitcoin than central bank.I think central bank is centralized,it can cause go slow in the market at anytime, because it's control by the government,while bitcoin is decentralized,is  not control by government.
Betting with  bitcoin which is good in digital currencies for easy profit making.

We will have to wait and see, currently there is no much point for governments releasing their own coins because most people will not use them and the few that could like us will not adopt them because we know those coins are going to be even worse than their fiat counterparts, so they need something to bait people, above it was suggested that governments could seduce people with free money and that is definitely a possibility.

However it does not matter what they do if people like us keep supporting bitcoin then they will always have to face a competitor they cannot kill and that has characteristics that are superior to their fiat making it an attractive investment option for those do not believe the fiat currencies can last much longer.

What changes it will achieve when a central bank currency goes digital, nothing happen if the country is still printing out money in any form, i am not going to compare between the central banks and the cryptocurrency space as both has different applications and i started using a decentralized currency for my freedom and privacy which i will never get in a centralized currency and both has its advantages and disadvantages.

You'll enjoy that freedom and privacy now but in the long run when massive adoption happens, all transactions will become subject to regulation by the government. What I'm saying is not how it's use because we know they are both digital currencies and CBDC is even better as it's centralized, meaning, it's faster and you might enjoy a small fee compared to using bitcoin, what I am emphasizing is its value in the long run, real value because inflation will hit us but bitcoin will remain to a coin that is good to hedge that inflation.

I'm more favored to the implementation of CBDC in the long run BUT that doesn't mean that I'm against BTC growing in the long term. More people would probably rather experience less hassle and fewer problems when concerning finance, and asking for a central body to do everything for you seems like a chance they can't pass out on. The problem here is about privacy, but if most payments were made were only related to, for example, paying bills, taxes, etc., then CBDC is still the best bet. You can then use BTC whenever you want to as a free option. It's like both currencies being used interchangeably, but without any issue or problem with them coexisting together, which is probably wishful thinking in my part.

We may talk trash all we want about how CBDC makes our privacy non-existent, but it is an issue of advantages and disadvantages as most have said, with CBDC mainly being used for security reasons. Not that I'm saying people use BTC to do bad stuff all the time, but it isn't an issue that we can avoid and it can completely happen.

yes i think for the average guy if given the choice between using a govt backed CBDC as opposed to Bitcoin most people will simply use the CBDC. The fact is that most people really don't care all that much about their digital privacy ( case in point the the whole  PRISIM situation which most people seem to have forgotten about andhas been largely swept under the rug)  and will always pick the option that their local and central governments tell them to use. The fact that you would most likely be able to make and receive official payments ( taxes, state subsidies/ benefits etc.) in the CBDC rather than Bitcoin will IMO play a large part in its adoption.

Bitcoin of course will still be used by most people who do value their privacy, but i think it will take a very large failure on the part of the state for the average guy to truly understand the benefits provided by Bitcoin.

Yes using a CBDC just seems like a horrible option and will only allow states to monitor your activities more efficiently and  this is completely contrary to why most people use Bitcoin today . You are better off using plain cash.

That being said i still feel that if a State forces their CBDC down the throats of people either through incentives ( airdropped money/ state subsidies etc) or threats  ( would depend on the country as to what method is used) a lot of people will just end up giving in and using the CBDC.