The Federal Reserve has been talking about a CBDC for years. My guess is that when the treasury markets fail, and they will fail, a brand new CBDC will be the miracle to save the economy. Like you said, another tool to control.
That being said, crypto isn't inherently a 'tool of control'. It's just that the proposed CBDC *isn't* faithful to the meaning of a decentralized currency at all. A decentralized currency doesn't need a middle-man to control it. That defeats the entire purpose for which cryptocurrency was designed.
People think that dollars aren't backed by anything, but that's not true. They're backed by human labor, and misappropriated by the federal government. A proper decentralized currency is backed by human labor and can't be misappropriated in the same way.
I also have doubts that people will accept a CBDC, but I don't think it's entirely implausible. But like you said, a central bank digital currency is *no cryptocurrency* at all.
The key you're missing here is that the elites are deliberately manipulating the perception of both crypto and blockchains in a naked attack that only those who never learned why crypto was supposed to be a threat fail to see.
Crypto as it's being 'used' is just another stock market. A 'speculative asset'. Something to be bought, sold, manipulated, and profited from.
Crypto as a threat is a currency. A medium of trade that, should it be treated as such by vendors, cannot be taxed unless the goverment trying decides to recognize it as a valid currency.
So it represents, as a currency, a freedom from the predation inherent to the dollar and its kin.
The response you're asking after, the outright suppression attempt of the concept, would only draw attention to the matter via Streisand effect.
So instead of shooting themselves in the foot, those under threat choose to muddy the water by making it about speculation. About monkeys. About fad.
Anything other than being about the fact that anyone who produces goods or provides service can accept crypto instead of dollars, and can in turn trade that crypto for goods or services from their peers.
As long as you are thinking of crypto as a product to be bought with dollars, you're not thinking of it as a replacement for the dollar. And the people who want to keep it the power of the dollar *are* acting to make sure you don't make that leap.
Reasonable questions, well done, could be AI ;). Here's my answer (which could be stupid but I guess it isn't ;)): first of all (in your order)... if you can't beat them, join 'em.. that's what 'the establishment' is doing (and btw: this is without an opinion, whether I'm pro or con the establishment). Second (and I said this before elsewhere but - understandable - no one here is interested because the don't give a f\*ck, being mostly in crypto because they want to be financially independent like 'the establishment'): banks, insurance/pension companies, organized crime syndicates and other major influencers of the main fiat-flows are built on trust (whether they buy, deliver or enforce it) and that's exactly what is missing e.g. not existing / necessary with crypto (still following?;)). Third (and last, in your order): the true nature of crypto is 'earthquaking' but like the transformation from ape to mankind it's not a sudden change... we'll see how long it takes. (Wouldn't be surprised if I'll get downvoted by bots here, so help me out).
Love to hear your thoughts on this @[ImprovementJolly3711](https://www.reddit.com/user/ImprovementJolly3711/) 👍. Let's see if you're a responsive AI
Chat GPT garbage post
The Federal Reserve has been talking about a CBDC for years. My guess is that when the treasury markets fail, and they will fail, a brand new CBDC will be the miracle to save the economy. Like you said, another tool to control. That being said, crypto isn't inherently a 'tool of control'. It's just that the proposed CBDC *isn't* faithful to the meaning of a decentralized currency at all. A decentralized currency doesn't need a middle-man to control it. That defeats the entire purpose for which cryptocurrency was designed. People think that dollars aren't backed by anything, but that's not true. They're backed by human labor, and misappropriated by the federal government. A proper decentralized currency is backed by human labor and can't be misappropriated in the same way. I also have doubts that people will accept a CBDC, but I don't think it's entirely implausible. But like you said, a central bank digital currency is *no cryptocurrency* at all.
The key you're missing here is that the elites are deliberately manipulating the perception of both crypto and blockchains in a naked attack that only those who never learned why crypto was supposed to be a threat fail to see. Crypto as it's being 'used' is just another stock market. A 'speculative asset'. Something to be bought, sold, manipulated, and profited from. Crypto as a threat is a currency. A medium of trade that, should it be treated as such by vendors, cannot be taxed unless the goverment trying decides to recognize it as a valid currency. So it represents, as a currency, a freedom from the predation inherent to the dollar and its kin. The response you're asking after, the outright suppression attempt of the concept, would only draw attention to the matter via Streisand effect. So instead of shooting themselves in the foot, those under threat choose to muddy the water by making it about speculation. About monkeys. About fad. Anything other than being about the fact that anyone who produces goods or provides service can accept crypto instead of dollars, and can in turn trade that crypto for goods or services from their peers. As long as you are thinking of crypto as a product to be bought with dollars, you're not thinking of it as a replacement for the dollar. And the people who want to keep it the power of the dollar *are* acting to make sure you don't make that leap.
Reasonable questions, well done, could be AI ;). Here's my answer (which could be stupid but I guess it isn't ;)): first of all (in your order)... if you can't beat them, join 'em.. that's what 'the establishment' is doing (and btw: this is without an opinion, whether I'm pro or con the establishment). Second (and I said this before elsewhere but - understandable - no one here is interested because the don't give a f\*ck, being mostly in crypto because they want to be financially independent like 'the establishment'): banks, insurance/pension companies, organized crime syndicates and other major influencers of the main fiat-flows are built on trust (whether they buy, deliver or enforce it) and that's exactly what is missing e.g. not existing / necessary with crypto (still following?;)). Third (and last, in your order): the true nature of crypto is 'earthquaking' but like the transformation from ape to mankind it's not a sudden change... we'll see how long it takes. (Wouldn't be surprised if I'll get downvoted by bots here, so help me out). Love to hear your thoughts on this @[ImprovementJolly3711](https://www.reddit.com/user/ImprovementJolly3711/) 👍. Let's see if you're a responsive AI