CBDC: The Evil Twin of Cryptocurrency.
The Digital age has given birth to Cryptocurrency through blockchain technology: giving the people a greater independence over their financial destiny. The independence, decentralization and empowerment of people oriented innovations has greatly attracted resounding applause from a majority of the people globally but criticized if not persecuted in another terrain by some governments and traditional financial institutions.
Cryptocurrency is the popular favorite child in the family making Fiat money more like a black sheep in the household.
Fiat money that's made by the government has for decades increased economic hardship on the people as the value of a paper money keeps losing its value in the socio-economic sphere. Fiat only serves mainly the interest of any government but not for the people who only are temporal custodians to the government property.
FYI Fiat money was never meant for saving but spending. The value will continue to decrease as long as government is still printing more money and pumping out there leading to more expensive increase to social welfare necessities which will further burden us.
But the favorite child is here now, wearing it's many coat of colors, bringing smile to the common man on the street; empowering youths unemployed, enabling startups and giving us the right to privacy and decision making in our finance.
The governments, financial bodies and traditional multicorps in this world only seek control and expanded social surveillance using legal terms as technical appeals to invade and force us to give up our power as a people over to them not caring how we strive but to serve for their scheming interests.
We fall in line everyday to work strenuously to put food on our tables, But I ask must it be difficult to live a good life, must we endanger our health taking 4-5 jobs just to make, save and spend a deflationary paper called Fiat that may not cover our health bills in the future.
Cryptocurrency is the Digital empowerment revolutionizing the financial world. It alone is shaking the very foundation and relevance of Traditional banking institutions & Multinational corporations, even threatening the financial/economic power of various governments like the USA and China, decreasing their power in finance while they keep fighting for supremacy amongst themselves.
Now alas, the digital birth labour is over, and now we mourn because an evil twin is born. A premature digital product called Central Bank Digital Currency (CBDC)
The race to release this opposer of cryptocurrency is on already with China taking lead and Europe following while the US is still hesitating on which financial card is relevant to match up or beat China, whether its Cryptocurrency, their traditional dollar or US digital currency (more on that later)
CBDC is nothing but an advanced financial surveillance system that completely eliminates financial privacy and giving the government having the final say on ur financial life whenever they seem fit.
CBDC isnt being created for economic prosperity but economic domination and manipulation by the government over their people. It isn't love but control like we see with China.
CBDC will persecute Cryptocurrency; it will fight it's twin just to be number 1, it is here now for the government and not the people, it's here to enthrone centralization and fight decentralization using the law & safety concerns to achieve what it wants but the power of the people must back our favourite child both twins can live side by side just as good and evil exists in the world
#Crypto_To_The_Moon
Latom !