Opinion: Simon Cain, Bitcoin Policy UK associate

Very Jurisdictions They globally examine, develop or implement digital currencies of the Central Retail Bank (CBDC). If you perceive them as harmless movements with digital updates of elderly -fashioned paper money, look again. CBDC potentially means financial waving through a monetary panopticon, in which the authorities strictly control every transaction.

If you think it sounds paranoid, just consider Augustin Carstens, the head of the bank for international settlements – central bank of central banks in the world. By lamenting in the current inability of the authorities to control cash transactions, he says that with CBDC A “Central bank It will have absolute control over the rules and regulations that the use will determine … We will also have technology to enforce it … It makes a huge difference in relation to what cash is. “

How can “absolute control” work

CBDC can be programmed so that you can buy only some things from some people, within certain dates, at certain dates or only in approved locations. Their importance may depend on compliance with all government policies (climate, medical, social and tax). They may be subject to maximum or minimal holding limits. They can be programmed to discourage saving and encouraged to “invest” in approved shares and bonds (such as the modern EU initiative “Siu” or in accordance with the lobbying of the British financial industry and “research”).

Central politicians and bankers can say that they do not intend to implement such controls, but such assurances are worthless. Down quote The Economic Committee of the UK Parliament, “while the Governor of the Bank of England told the committee that he did not see CBDC as a way to implement a monetary policy, the committee noted that his successors may disagree.”

Freedom of transactions is of fundamental importance for freedom itself. When you can no longer choose what you do with your money, you are on the road to the textbook. How can you defend yourself?

Bitcoin repairs more than a cash dream

Bitcoin is fighting for financial subjugation. Because they are the most decentralized and censorship -resistant money, Bitcoin, which takes place in self -resistance, cannot be frozen or confiscated, and their transactions cannot be stopped. This is not theoretical. In countless cases of financial repression around the world, whether in Russia and Ukraine, Afghanistan and Cuba, or around the world through Wikileaks organizations in 2011 to the Humanitarian Alliance of the Humanitarian Bitcoin in 2025 have been proven.

Last: Is the future of Bitcoin in round economies or national reserves?

But financial punishment is not the only risk in the case of CBDC. Economy Committee of Great Britain indicates This “centralized Book of CBDC, which would be a key element of national infrastructure, may be the target of the attack of enemy state and non -state entities.” Public governments and entities are always hacked and leaks data that deteriorate, constantly hacking. Having access to money completely dependent on their competence is a terrible idea.

Bitcoin is fighting for financial institutional failure. And again, it’s not theoretical – it has already been proven. When banks fail or their systems fall, Bitcoin always remains at work, because it is the most reliable computer network in the world. Bitcoin has not been for over a decade down Even in a split second.

Bitcoin is ultra-decentralized and in this period there has not been the zero hacks of the Bitcoin book itself, although it is worth being in dollars trillions. Public or private, cash or otherwise no other huge network can approach this reliability and resistance to a physical, virtual or political attack.

Nowhere is it resistant to digital fiat

CBDCs look like the main western economies. This year, the European Central Bank is to complete the preparations for the “digital euro” CBDC. Americans may now have a presidential order “Prohibition … CBDC in the United States jurisdiction”, but Stablecouins look like government CBDC in decentralized private bank clothing capable of performing the same functions.

The enthusiasm of the current US administration for Stablecouins is extremely in line with the privileged CBDC BIS frames, “a hybrid model that allows the division of labor between the central bank and private intermediaries.” To review this potential world of Stablecoin-As-CBDC, just look at what set in the American dollar system already means for Stablecoin leading in the world. “We follow the law and US law when it comes to freezing,” says Paolo Ardoino, CEO of Tether, which does not even work in the United States. “We have introduced secret FBI and USA services on board; we work with the Department of Justice and the Treasure almost every day.”

Regardless of whether it is called CBDC or not, you will probably soon be subjected to some digital FIAT form. But currently there is nothing to stop you from gaining access to some self -sufficiency of “external” money. As without permission for peer-to-peer digital cash, Bitcoin may defend against cash taxes and protect against the failure of financial institutions. And in your own Ronny style it is the best and really decentralized tool for this.

Opinion: Simon Cain, collaborator of Bitcoin Policy UK.

This article is used for general information purposes and should not be and should not be treated as legal or investment advice. The views, thoughts and opinions expressed here are themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.