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The Heritage Foundation’s EJ Antoni reacts to the government version of cryptocurrency on ‘The Bottom Line.’
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What is a Central Bank Digital Currency? Explained Simply
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Do you know what a central bank digital currency is or how a CBDC might actually work? Plenty of people are talking about CBDCs today, but most people do not understand how it’s actually different from money today.
Because as we look around and we make our payments, we get our paychecks, and we send money, it is all digital anyway. So, what is the difference between today’s money and a central bank digital currency, and why is it that I always say that a CBDC is a tyrant’s wet dream?
Timecodes
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0:32 Intro
0:40 Commodity Money
1:23 Commodity Backed Money
3:24 Public Ledger
6:18 Private Ledger
10:16 Outro
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#CBDCsExplained #CentralBank #DigitalCurrency Video Rating: / 5
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📺Essential Videos📺
Janet Yellen Hearing 👉 https://youtu.be/nUyJ911jmL0
Fast Payment Systems 👉 https://youtu.be/Z9Gg3R1EbGU
China Taking Over Africa 👉 https://youtu.be/_jHHdMySoos
UN SDGs Explained 👉 https://youtu.be/Drpmfl0ZDaI
~~~~~
⛓️ 🔗 Useful Links 🔗 ⛓️
► CBDC: https://www.coinbureau.com/education/central-bank-digital-currencies-cbdc/
► Almost Half Of Nigerians Use Cryptocurrency: https://businesspost.ng/economy/47-of-nigerians-use-crypto-survey/
► US Interference In Nigeria Election: https://www.theguardian.com/world/2023/feb/18/cambridge-analytica-staff-leaked-emails-team-jorge-nigeria-election-sam-patten-tal-hanan
► Effects of China on Nigerian Economy: https://www.nytimes.com/2015/12/06/business/international/in-nigeria-chinese-investment-comes-with-a-downside.html
► 16 Billion In Oil Money Goes Missing In Nigeria: https://qz.com/africa/640886/nigerias-state-oil-company-is-missing-16-billion
► Social Media Required For KYC in Nigeria: https://www.biometricupdate.com/202307/nigerians-raise-eyebrows-as-cbn-tells-banks-to-require-social-media-accounts-for-kyc
► Slovakia Votes To Protect Cash Use: https://www.euractiv.com/section/politics/news/slovakia-adds-right-to-cash-payments-in-constitution-over-digital-euro-fears/
► E-krona: https://www.coinbureau.com/analysis/e-krona-sweden-cbdc/
~~~~~
– TIMESTAMPS –
0:00 Intro
0:40 Nigeria Crypto, Economy
3:54 American Influence
7:31 Chinese Influence
11:37 Domestic Corruption
14:11 CBDC, Digital ID, Cash Bans etc.
16:32 How To Protect Yourself?
20:17 Outro
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#crypto #CBDC #BTC #Bitcoin #digitalidentity Video Rating: / 5
