Most likely the government will have to ban bitcoin acceptance in order to force people to use the CBDC. Otherwise, it has a hard time to compete.
CBDC:
- restricted use, max 20k savings
- some transactions might be blocked
- linked to your identity/credit score
- validity might expire (not durable)
- a privacy disaster, centralized data will get hacked
- total governance and corporate surveillance of your transactions
- supply changed arbitrarily
- now ownership, account permissioned/granted
BITCOIN:
- no restrictions, unlimited saving
- censorship resistant
- not linked with any personal info
- no expiration, ultra durable
- no personal data stored, can't get hacked
- no surveillance if done right
- supply is fixed and issuance schedule auditable
- true ownership
CBDC: - restricted use, max 20k savings - some transactions might be blocked - linked to your identity/credit score - validity might expire (not durable) - a privacy disaster, centralized data will get hacked - total governance and corporate surveillance of your transactions - supply changed arbitrarily - now ownership, account permissioned/granted
BITCOIN: - no restrictions, unlimited saving - censorship resistant - not linked with any personal info - no expiration, ultra durable - no personal data stored, can't get hacked - no surveillance if done right - supply is fixed and issuance schedule auditable - true ownership
Oh, bitcoin cannot be banned?