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BREAKING: China Secretly Comes Back to Bitcoin | EP 683

Simply Bitcoin

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Bitcoin's Incentives Are Resistible, Even to the CCP

Bitcoin's incentives are resistible. Central bank digital currency is going to require coercion for people to use it, because it doesn't fix the problem as to why I believe most people will inevitably opt out into Bitcoin. Unsolved bank digital currencies, if you believe them, is just going to make payments more efficient. But what if you just want to use the money that doesn't steal from you in the first place? And central bank digital currencies don't fix that issue. Why am I saying this, because CBDCs require coercion and Bitcoin has incentives and I think incentives are going to win the day. What happened in what happened in Hong Kong is another representation of just that.

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