Cryptocurrency

“Your Money Will Be Controlled!” – Will CBDC Destroy Bitcoin?



In this short clip, Patrick Bet-David, Michael Saylor, Tom Ellsworth and Adam Sosnick talk about whether CBDC will destroy bitcoin.

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39 Comments

  6. Freedom

    solution is not gold or silver? Oh yeh sure…the only real money for the last 5000 years has been gold and silver. its value is in the physical asset itself not a computer program (crypto). gold and silver will always be valuable (will get more valuable when cbdcs launch). Gold and silver will ALWAYS be accepted as a means of exchange.

    The point about having gold and silver is about usability…ie need to have coins, small bars and bigger bars so u can have what u need to buy range of goods/ services.

    I would rather have the best source of value in my hands (gold/ silver) in my hands rather than crypto which will be banned and also requires electricity and access to internet either of which can be turned off (potentially at some point). Having crypto on a hard wallet is useless if u can't send it to someone.

  7. C R Snow

    People don’t get to vote on money. The free money the last 3 years was a set up for digital money and people will take it. Govt employees, social security, pensions, govt contractors will not have a choice. They won’t get paid. They will start there. What about tax refunds no choice there. They will hook you. Look at thecovid choice. Not much. Fear motivates a lot of people. .

  8. Andrew Johnson

    If you understand the purpose of decentralization and security. It becomes obvious a CBDC literally can't replace it. A CBDC would be hacked to pieces. For the same reason Amazon, Microsoft, Twitter whatever can't replace them. Do I think that will stop them from trying to implement their own? Absolutely not. It will continue to grow slowly, and people will continue to get ripped off by bad actors until people understand its fundamental value and use cases of it. Particularly inter-business and with or without the government's permission. Some of what he was saying about cash and gold isn't true at all though lol I was surprised nobody stopped him.

  11. General Sirc

    This guest is a Bitcoin shill!
    Point 1 – he mentioned how gold and silver are controllable since if you go to an airport they will confiscate it. Thats pretty much the only time they will confiscate it. Where as with Bitcoin most people buy crypto through an exchange. Well those exchanges will follow any rules the government has including locking your Bitcoin! Both crypto and gold have their down sides, except gold is actually more anonymous than bitcoin and doesn’t require the internet or electricity.
    Point 2 – the idea that central banks somehow can’t make a CBDC is lunacy. Most of the infrastructure is already in place since most dollars are digital right now! The FED can certainly hire some programmers to build a controllable CBDC and then force the banks to facilitate the transactions.
    He is a shill for Bitcoin plain and simple.

  13. Dan Davis

    Bitcoin has no intrinsic value. I don't see how any transactions on the internet would be private from the Feds; explain it if you do? So how is it better or as good as buying common stock, which has intrinsic value of the company's assets? Go to another country, sell it and deposit it in an account there if you're leaving the country. Maybe it's stock traded in foreign markets. I wish I'd believed in Bitcoin in 2012 but I still think it's a scam and the last suckers will get SBF'd.

  18. Greg G

    Patrick, I love you, and Michael is a true expert on Bitcoin, but he could not be more wrong about the implementation of CBDC. There were at least 5 things he said which COMPLETELY missed the boat on HOW the gov't will ram this down our throats – Medicaid, Medicare, Social Security, Welfare, incentives, Taxes, etc. He's in la-la land thinking this WON'T happen. What about the WH corpse signing the Executive Order in March 2022, or 95% of world's GDP in 114 countries in the process of implementing this. He's brilliant, but incredibly naive.

  22. Joe Mon

    CBDC will never destroy Bitcoin… CBDC is digital FIAT money. So, look at what happened to the paper FIAT dollar… same ending different name. With CBDC they will make you pay for whatever it is that the bank wants.. for example: account fees, forced payments of bills, fines for expressing your opinion on social media etc and there will be no place to hide!! Imagine the possibilities….FOR THEM !!

  24. smetlje sm

    I don't know…
    The pandemic proved they can make anything legal, illegal, mandatory or banned by the flick of their digital pens and the people gobble it up.
    If their money is in trouble free flow of crypto and ownage of the same will be outlawd hard

  27. Messenger

    Babylon The Great (America) is the great city that rules over the kings of the earth. The woman or harlot rides the beast (the fourth kingdom) that has seven heads and ten horns. Babylon (America) will have influence over all peoples, multitudes, nations and languages (Rev. 17:15). Babylon (America) will promote religious heresy, indicated by its association with blasphemy (Rev. 17:3), and its depiction as a prostitute (Psalm 106-39, Leviticus 17:7, Judges 2:17). Babylon (America) will kill true followers of God: the woman is drunk with the blood of God's holy people (the true Jews, Israel, black & brown people), the blood of those who bore the testimony to Jesus (Rev. 17:6 &18:24). Babylon (America) will be a place of luxury, wealth and opulence (Rev. 18:7, 11-17); a center of worldwide merchandising (Rev. 18:19,23), and will lead people into corruption (Rev. 18:23, 19:2). I believe Hitler's Nazi regime was the seventh kingdom, that hadn't come when John was alive (Rev. 17:10). I also believe the eight kingdom will be the Antichrist's kingdom, which is of the seven (the kingdoms that persecuted God's people). I believe the little horn that arose from the fourth kingdom, received its wound (Daniel 7:11, 23-24), when Donald Trump lost the presidency, but his kingdom will be resurrected (the one that was, and is not, even is the eight, Hitler's regime), once Trump is reelected in 2024. Babylon (America) will be associated with a federation of ten kings, plus the beast. The Antichrist, which I believe will be Donald Trump, will join those ten kings, which I believe will be the BRICS organization. Babylon (America) will thrive for a time, but then the beast and the ten kings will conclude that such a financial, religious and political system is no longer needed, and they will dispose of it (Rev. 17:16). The fall of Babylon (America) is the result of God's judgment, as He works through the ten kings to accomplish His will (Rev. 17:17). In the end, the kingdoms that Babylon (America) relied on (Her allies), will turn against her and by their hand, Babylon (America) will be destroyed! I believe the deadly wound was received when Trump lost the presidency in 2020, but will be healed from his deadly wound when he's reelected in 2024, and all the world will be amazed (Revelation 13:3). Trump does what he wants and gets away with it; which is why the people of the world will say the words that are found in Revelation 13:4; "Who is like unto the beast? Who is able to make war with him?" Donald J. Trump is more than likely the Antichrist to come! Trump said shortly after becoming president, that he would have a peace deal (Daniel 9:27). He also speaks about making executions public and wants them to be televised; and I believe this is how it will be possible for all to see the deaths of the two witnesses (Revelation 11:9). I believe shortly after Trump is reelected, he will confirm the covenant from 2020 (Daniel 9:27). Abraham Accords signed Final 15 Sept 2020 https://www.state.gov/wp-content/uploads/2020/10/Abraham-Accords-signed-FINAL-15-Sept-2020-508-1.pdf https://www.politico.com/story/2016/06/trump-forgiveness-god-224068 https://youtu.be/QtjDAr-Dizk https://youtu.be/7D06n3Pmpcs

  29. Sulphate 33

    There seems to be no honesty in money. Sad.
    How does a human store their work for trade.
    I do not want to get rich. I don't want to gamble.
    I just want to be able to store my work in an honest way.

  31. Tobee lou

    Michael Saylor is the biggest dishonest financially credible person there is on crypto. There are much better crypto than Bitcoin, why would someone want to wait hours or pay over 50 bucks worth of value just to move your “Bitcoin” when you could use cryptos like “XRP” or “XLM” where is transfers instantly for less than a penny. There’s a reason why the US Gov sued RIPPLE for using something like XRP as part of its technology stack. It actually works, do an honest google search and anyone could find out.

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