Bitcoin will not kill the U.S. dollar. It will become the U.S. dollar, with all controls and restrictions that any CBDC issuer could dream of. “Impossible!” I hear you crying out, giggling to myself in the face of the utmost ignorance that seems to have accumulated quadratically with bitcoin’s price increase. “Bitcoin is freedom money!” ... Just like Bitcoin, CBDCs are programmable money. Unlike Bitcoin, CBDCs are concerned with features such as controlled purchases, location-based restrictions, expiring transactions, and holding limits. All of these features are implementable on Bitcoin-anchored stablecoins. Most of these features are possible to implement via the base layer once mining is sufficiently centralized... Bitcoin may be a trojan horse, except it’s not the horse you think it is. Under the correct circumstances, bitcoin is able to function as a great alternative to CBDCs. You go ahead and open up your wallet app, and here comes the stablecoin monster — built on Bitcoin. Isn’t that just great? Fully censorable, fully surveillable freedom money, but at least we pumped our market cap. It’s an authoritarian’s wet dream dressed up as freedom of transaction, like a 12-year-old going trick-or-treat — except this time when you get egged on you stink up the entire world economy. #bitcoin #nostr https://bitcoinmagazine.com/culture/bitcoin-as-a-cbdc