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What is actually even the benefit of going to cryptocurrency if the government is going to control it, and be able to inflate it at will?

You end up with only very minor benefits. Basically, the current dollar already is a digital dollar, because most people pay using credit. Cards are slowly disappearing and being replaced with CashApp or other bank apps where you pay by scanning a QR code. So most of the benefits that a CBDC would present already exist with the current dollar.

The benefit of Bitcoin is that it is sound money – it is a limited supply, which means that it cannot be inflated. The government cannot rob you by printing money and making your money worthless. It is also a perfect balance of transparency, privacy and independence.

>What is actually even the benefit of going to cryptocurrency if the government is going to control it, and be able to inflate it at will? >You end up with only very minor benefits. Basically, the current dollar already is a digital dollar, because most people pay using credit. Cards are slowly disappearing and being replaced with CashApp or other bank apps where you pay by scanning a QR code. So most of the benefits that a CBDC would present already exist with the current dollar. >The benefit of Bitcoin is that it is sound money – it is a limited supply, which means that it cannot be inflated. The government cannot rob you by printing money and making your money worthless. It is also a perfect balance of transparency, privacy and independence.

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[–] • 0 pt (edited )

We'll see, "gold-backed federal reserve" guy.

[–] • 0 pt

I'm not certain but thanks for keeping an open mind. It's just an idea of mine and others from what we are seeing.