I think there's a way in which the control offered by CBDCs is so egregious that there's
Individual Liberty vs State Control - Natalie Smolenski (THE Bitcoin Podcast)
“The great thing about technological innovation like Bitcoin is that regardless of what people are able to do about their local politicians or central banks, they can opt in and use Bitcoin. That is now available to 8 billion people, and that's going to change the world. ”
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1 I think there's a way in which the control offered by CBDCs is so egregious that there's 2 no way to sugarcoat it for populations like people do not trust it and they're not going 3 to trust it.
4 That said, most money, the vast majority of money that people transact with is already 5 digital and it is already fully account based.
6 And so I think what CBDCs have done is in a way kind of exposed or begun exposing the 7 extent to which the legacy financial system is already a system of control.
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no way to sugarcoat it for populations like people do not trust it and they're not going
to trust it.
That said, most money, the vast majority of money that people transact with is already
digital and it is already fully account based.
And so I think what CBDCs have done is in a way kind of exposed or begun exposing the
extent to which the legacy financial system is already a system of control.
And I think people feel kind of trapped, honestly.
Show notes & resources
“The great thing about technological innovation like Bitcoin is that regardless of what people are able to do about their local politicians or central banks, they can opt in and use Bitcoin. That is now available to 8 billion people, and that's going to change the world. ”
On this Bitcoin Talk episode of THE Bitcoin Podcast , Walker talks with Natalie Smolenski. Natalie is an Anthropologist, Executive Director of the Texas Bitcoin Foundation, and a Senior Fellow Bitcoin Policy Institute.
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