full image - Repost: CBDCs can be private, pseudonymous, optional, and feeless. They don't have to be oppressive, mandatory, and monitored. (from Reddit.com, CBDCs can be private, pseudonymous, optional, and feeless. They don't have to be oppressive, mandatory, and monitored.)
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I am completely against any monitored CBDC that is forced upon the people, but ...There isn't only ONE WAY to make a CBDC, and they don't have to be oppressive like 1984.I think a lot of people in the crypto community mistakenly think that CBDCs can't be private and optional.Take the Digital Euro for example. It's optional, and it even allows for offline payments, which actually makes it less-trackable than Monero. It's designed to be completely private, so if people later find that the ECB lied about this, the ECB would be in huge legal trouble with every EU government.In the end, a CBDC can simply be another optional method to transfer money just like Zelle, Venmo, or PayPal.Also, lots of people just don't care about privacy or centralization. There are plenty of Venmo users who publicly announce all their transactions on the app. They just want fast, free payments, and a CBDC can provide those features.
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