CBDC Explained: Pros and Cons of CBDCs

What is a CBDC, and which countries are developing Central Bank Digital Currencies? What are the pros and cons of CBDCs, and why are decentralized cryptocurrencies important? Watch on to find all about CBDCs explained.

🔔★Subscribe for more videos about Exodus wallet and crypto★🔔

🔔☆The Exodus Newsletter☆🔔

★★★★★Download Exodus for Browser, Mobile and Desktop★★★★★

Exodus was created for visionaries looking to depart the traditional financial system.

★Follow Exodus on Social Media★

This content is for informational purposes only and is not investment advice. You should consult a qualified licensed advisor before engaging in any transaction.

CBDC Explained: Pros and Cons of CBDCs with Layah Heilpern

[caffine_nightz]

Complete opposite of decentralized. This benefits government & big business, not people. Just imagine: the government deciding what you can buy & when...they could render your spending power useless. Stuff like this leads to totalitarian nightmares.

[PhantomMagician]

If we go 100% cashless and use CBDC and the Central Bank dislikes your political views (right or left) what's to stop them from freezing your account??

[VRMLIN]

Don’t you dare put “Pros” in the title for a video about CBDC

[donovan]

CBDC = government surveillance money.

We want decentralized cryptocurrency, not this centralized digital fiat crap.

[ritagreenwood]

The cons are a lot scarier than any potential benefits.

[ros]

So basically government gets full control of our money. You didn't mention the programmable function of CBDC, so government and potentially even employers can decide what you can and can't spend your money on. Ridiculous

[AmusedChild]

Yeah, well, banks are placing amount limits on financial transfers even in Western countries. We found this out when I tried to transfer money to my husband's account - I'm limited to $15, 00.00 So this is not really an advantage BUT now they can implement further restrictions via CBDCs, such as controlling what you buy, even going toward a "Handmaid's Tale" model.

[olheghtt]

There are only two groups that want this, the extremely wealthy who are guaranteed to be very well protected by this, they will lose nothing. And those who are in deep poverty, for they will be given money that used to belong to everyone else. With the exception of the mega wealthy everyone else will be brought down to the same level which will basically be poverty.

[jorgeruizsanchis]

Cbdc’s will get an expiration date, fixed purposes etc, bye bye wealth and monetary freedom…..banks have been and will be taking your money!!!! Studies? Why? Adapt bitcoin !!!

[bdsurfer]

I can see the the tongue in cheek in the video cuts 🤣, unlike real estate, it's all about decentralize decentralize decentralize!

[vinozarazzi]

GuRL wake up please. CBDC = End of your freedom

[tangok]

moving to the jungle, goodbye internet

[mleet]

I suppose this is inevitable. The bible warns that certain things will happen and the Mark of the Beast will be issued, and anyone without the mark will not be able to buy or sell. The mark will be placed on the right hand, or forehead.

[zonumev]

The benefits offered by CBDC are to the owner; i.e., the Government, be it an extreme left, middle of the road (best), or extreme right government. We, the consumer are stuck with all of the cons which are too numerous to list. I will try to not participate but I'm afraid the Government will force me to do so through some mandate like a new law or (worse yet) an executive memo.

[shedlight]

IF this passes and becomes "real", we, the no more. You won't have to worry about filing your taxes, they will be filed for you. are so nice to US. I guess this answers why the IRS hired more than 80k people some time ago. It made news and then somehow disappeared. CBDC should be ready right around the same time the new hires are. In life, timing is everything. All that's needed now is to get rid of the 2nd A....

[mmagee]

Quant, the Overledger, will connect all CBDC'S and both public and private crypto ledgers.

[jaimel]

What was the name of the last speaker again on the end of the video? I used to watch his seminars on yt in the early days of bC rising and forgot his name?🤔

[Swankyestbrute]

If you promote cbdc your peomoting the idea that other people should be in control of your life with the push of a button do not allow big polititions to make life more difficult than thay already do!

[thisizdub]

THIS AINT GOOD. Weve heard about these days and times for years. They'll eventually get rid of cash, and if you're talking digital currency you're talking about microchips. So if they dont like you or what you speak against they just turn your chip off

[PhilipMarcYT]

Great if you want your money to become vouchers.