Why Banks Are Collapsing? ? ? .... and CBDC vs Bitcoin
It's All Connected ! ! !
What is Fed Now = CBDC = Centralized = (Slavery)
Federal Reserve) that will allow users to send and receive money in real-time using their mobile devices. This new system is expected to be launched in July 2023 and is meant to compete with existing payment services such as Venmo and Paypal.
CBDC, or Central Bank Digital Currency, is a digital form of currency that is issued and backed by a central bank. This type of currency would allow for more efficient and secure transactions, as well as greater financial inclusion.
However, if the CBDC is centralized, meaning that it is controlled and monitored by a single entity, it could lead to a form of financial slavery. This is because the centralized entity would have complete control over the currency, including who can use it, how much it is worth, and how it is distributed.
In conclusion, it is important to consider the potential consequences of technological advancements such as FedNow and CBDC, and to ensure that they are implemented in a way that promotes equality and financial liberation, rather than perpetuating systems of oppression and control.
What is Bitcoin (BTC) = Decentralized = (Freedom)
Bitcoin is a digital or virtual currency created in 2009 that uses peer-to-peer technology to facilitate instant payments. It is decentralized, meaning it is not controlled by any government or financial institution. Transactions are recorded on a public ledger called the blockchain, which allows for transparency and security. Bitcoin can be bought and sold on various exchanges and can be used to purchase goods and services online or in-person where accepted.
(Decentralized network and eliminates the need for central authorities) = Centrel Banks such as banks or governments)
Fed Now ( CBDC ) Explained:
https://youtu.be/le8Me8AfK8k
Butterfly Y.
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