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BCH is Good, Banks Are Bad, CBDCs are Worse!

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Avatar for CryptoMax
Written by   373
4 weeks ago

I have been seeing a lot of talk about CBDCs (Central Bank Digital Currencies) and I simply have to come forward and address this.

We Bitcoin Cash lovers simply love freedom, sound financial liberty, true value and capitalism.

Having that said, we mostly hate the current monetary policies of the world, including central banks.

But here's the kicker:

  • CBDCs Aren't Benefitting the Central Banks: They Are Benefiting the Government.

As you may know, if you studied all of these concepts up, banks are bad, but governments are worse!

Today I must warn all of the community to avoid falling for the HUGE diversion campaign being promoted everywhere, especially in the U.S., to convince people to adopt CBDCs.

CBDCs Take Away Your Freedom: The State Controls Your Wallet

When you adopt a CBDC, your wallet there is fully controlled by the state. It is centralized there and this means that the state can automatically add or subtract money from your account.

Yes, you did hear this right.

Every transaction you make can be automatically taxed, a new law can be passed under the woodwork, as it happens often, to implement new tariffs or taxes on these accounts, and you are none the wiser.

Not only that, stricter governments can even ban you from access to your currency if you don't behave according to what they expect you to behave.

This poses serious problems and greatly limits your freedom.

If you love your freedom and want to be the sovereign of yourself, states are your number one enemy, banks come next and Bitcoin Cash is your savior.

Bitcoin Cash allows you to be the sovereign of your own money, banking yourself you incur no risks of having the state or banks put their fat hands on your money.

Opt for BCH!

CBDCs Take Away Your Privacy: The State Oversees Your Action

You can also predict that due to the way CBDCs work, the state will not only control your wallet but also oversee every transaction you make.

You will not be able to buy even bubblegum without the state knowing what flavor it is!

If you want the bureaucrats at the tax office and at the fed looking at every single purchase and sale you make, you're going to love being a CBDC adopter.

If you think it is fine to give away control and privacy to someone who thinks you're just a number in exchange for an inferior service to BCH, then by all means go ahead and fall into the CBDC fold.

If you have two coppers to rub together and more than a single neuron in your brain, then Bitcoin Cash is the way to go.

Opt for BCH!

The Many Fallacies of CBDCs: How The Governments Are Convincing You It's a Good Idea

What does the state usually do to get you to do something?

It coerces you!

Yeap, a good person would entice you with some benefit or empower you with added value - but the state isn't a collective person who cares about you.

The state is therefore promoting CBDCs by frightening you!

They tell you this has to be done to compete with China, to safeguard you from external threats, and they even add in the fear of crime the big nasty crypto men will bring.

Don't fall for this.

CBDCs are not a good idea, and switching one FIAT for an even worse digital fiat is even worse!

I mean, even though we know FIAT isn't the greatest thing ever, we can use paper money to transact with privacy... forget about that with CBDCs.

Don't fall for this ruse!

Opt for BCH!

Centralized Vs Decentralized: CBDCs Vs Bitcoin Cash

You have two choices, you choose Centralized or you choose Decentralized.

If you want convenience, work your 9 to 5, pay your taxes without arguing and do what the big man tells you to do, opt for Centralization or CBDCs.

On the other hand, if you want freedom, you need to step up and assume responsibility for your actions.

This includes:

  • Being Responsible for your Keys;

  • Supporting BCH by not Cashing Out Immediately to FIAT as most do here;

  • Try to pay for stuff using BCH;

  • Not falling prey to state propaganda on the Goodwill of CBDCs

...among other stuff.

People always rant about how stupid it is that you lose money if you lose your keys and stuff - man, if you think your financial life isn't important enough for you to bother to save a key, you deserve to lose everything anyway (controversial opinion, but one I support 100%).

But I digress.... the point is that if you're in this for the right reasons, you won't even have to think.

CBDCs down the drain!

Opt for BCH!

New Signatures as Requested:

Here are the signatures for the Bitcoin Cash Hub(0cd1) community as people requested.

@Eybyoung

@Jane

Done, you two can now start submitting to the community in style!

Finally, if you want to sub the Bitcoin Cash Hub account, it is @BitcoinCashHub

Note:

This is Original Content Published Exclusively Here!

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Avatar for CryptoMax
Written by   373
4 weeks ago
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Comments

Nice work.

$ 0.00
3 weeks ago

Hey, thank you for making mine. I love it 😍😊

$ 0.00
3 weeks ago

This is why centralized banks are being cautious that someday no one might come to them. With Bitcoin Cash, we can be our own bank with no one getting in between our transactions. And decentralization says that it is possible.

$ 0.01
4 weeks ago

Yeap, that's exactly it. With the new crypto paradigm and decentralization, gatekeepers and middle men are done, and they know it - hence why they fear it. Cheers and thank you for stopping by!

$ 0.00
4 weeks ago

I really want to promote Bitcoincash to my Mom, I even publish an article about this when Mom check her bank account if she already gain s lot of interest but sadly, nae. Compare when you invest your money in BCH, you're the one who's gonna manage it. As long as you have the key you are the only one who can access it.

$ 0.01
4 weeks ago

Promoting crypto to crypto skeptics is hard work, but your mom has the advantage of seeing you work and use it on a day to day basis, so at least that helps you out on converting her. Cheers

$ 0.00
4 weeks ago

CryptoMax prepare me a signature. Now na!

$ 0.01
4 weeks ago

Hello Zerlin! Thanks for stopping by! Got it, It's coming right out :D

$ 0.00
4 weeks ago

Thank you so much for this cute tag🥰

$ 0.01
4 weeks ago

Can i also make a request? It's kinda cute, lol

$ 0.01
4 weeks ago

Sure thing Bheng!

$ 0.00
4 weeks ago

Thanks, Max especially for the upvote :)

$ 0.00
4 weeks ago

Great post with really good information that I completely agree. CBDCs are a way for governments to increase control of finance and reduce some freedoms fiat currencies still allow. It is going to be a surveilance system and will increase authority of governments. It will be for the worse since the whole economy will be totally centralized and monitored.

$ 0.01
4 weeks ago

Indeed. I think most people in the BCH community know this, that's why they appreciate Bitcoin so much, but there is a lot of pressure and PR being made for people to accept this as a viable solution, mostly through FUD in alternatives

$ 0.00
4 weeks ago

And the cycle continues! Whitepaper disregarded! Therefore let's be warned!

$ 0.00
4 weeks ago

Bitcoin cash is good and I think it rise more soonest.

$ 0.00
4 weeks ago