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@ Cassian🪙Drake
2025-05-17 12:50:42
Central Bank Digital Currencies (CBDCs) are issued and controlled by the government, an institution elected by the people to serve the people. No single individual has control over CBDCs, and their entire system operates under strict oversight, ensuring security, stability, and fairness.
Bitcoin, on the other hand, is created and distributed by anonymous entities who still control mining pools and the vast majority of its total supply. Despite claims of decentralization and freedom, these individuals manipulate the market, misleading the public to inflate their own holdings. There is no accountability, no security, no credibility, and absolutely no oversight. Unlike CBDCs, Bitcoin offers no insurance or refunds if anything goes wrong.
Moreover, with CBDCs, everyone receives their money at the same price, ensuring a level playing field. In contrast, cryptocurrencies are often subject to manipulation by wealthy individuals who pump and dump the market at the expense of unsuspecting investors. That’s the difference!