Digital Currencies: The Emergence of Central Bank-Issued Digital Currencies (CBDC)

Digital Currencies: The Emergence of Central Bank-Issued Digital Currencies (CBDC)

Unmuted Truth Spilling: Trump's Two-Face CBDC Tango with Bitcoin

TruthUnmuted.com | Jesse Smith

Bombthrower.com | Mark E. Jeftovic

Folks, buckle up. The Trump camp's 4-D chess game just got a wild twist. You better believe it's a disturbing one for us Bitcoin believers.

Trump, our old chap who loves to tout his own business acumen and financial prowess, has turned on his own words. You know, the ones where he said he's pro-Bitcoin and wants the U.S. to build a Strategic Bitcoin Reserve? Well, it seems CBDCs are now the cat's pajamas for [Trumparoo].

Trump declares CBDC alliance, contradicting his anti-CBDC stance

Trump's latest power move? Adding … ahem, digital turds to the national Strategic Reserve, or what some might call the Shitcoin Strategic Reserve (SSR). That's right, folks, he's jumped aboard the CBDC bandwagon, much to our collective shock and dismay.

Fun fact: Two of the digital turds being considered are XRP (once known as Ripple) and ETH. Yes, you read that correctly. Trump's been vocal about his CBDC dissent, but apparently, he's got his eyes on some tasty Bitcoin alternatives.

XRP and ETH - CBDCs sneaking in under the radar

Remember when the SEC filed a lawsuit against Ripple, accusing them of selling XRP as an unregistered security? Times have changed, my friends. Ripple pivoted towards a position as critical infrastructure for CBDCs. Pretty convenient, if you ask me.

And here's an even nastier nugget: Ethereum's insiders have openly volunteered that Ethereum could serve as a CBDC. In 2020, a Consensys CEO even took a pilgrimage to Davos to present a white paper outlining the concept. While they didn't scrub their website of CBDC references, they've stopped shouting it from the rooftops like they used to.

The dangerous dance of control: CBDCs vs Bitcoin

In case you're not up to speed, we're looking at a life-or-death battle between CBDCs and Bitcoin. Bitcoin, the granddaddy of cryptocurrencies, stands staunchly against everything CBDCs represent. But it seems our dear leader may have traded his Bitcoin alliance for a teeny-tiny bit of CBDC control.

Trump is hedging his bets, and it's putting us all in a precarious position. Centralized cryptos like Ethereum and Ripple promise sleight-of-hand control. Goodbye, sound money. Hello, potential tyranny.

A Trump CBDC pivot: What to expect

We can expect a subtle shift in Trump's cryptocurrency strategy. There are two avenues the Trump administration could pursue:

1. Issue tokens on XRP and ETH through the Treasury: By holding these CBDC base layers within a national strategic reserve, they could issue Layer-2 tokens on them, moving the power away from the Federal Reserve while retaining control in a sneaky fashion. They might even call the tokens "FreedomCoins."
2. Digital ID initiatives like REAL ID acceleration: The U.S. government could use CBDCs to combat illegal immigration and drug trafficking, all under the guise of national security. The REAL ID initiative could gain momentum, leading to something that looks like CBDCs, but with a different label.

In politics, actions say it all

Trump's Bitcoin SSR declaration raised eyebrows, even among crypto holders. Commerce Secretary Howard Lutnick is attempting damage control, clarifying that only Bitcoin would be part of the SSR, and other transactable currencies would be treated differently – positively, but with caution. Time will tell if this clarification holds.

Stay tuned for the first-ever Crypto Summit in Washington D.C. on Friday. Trump is expected to make a declarative statement about his cryptocurrency plans.

This piece includes excerpts from my upcoming CBDC Survival Guide, which you can get for free once it drops, and parts of the latest Bitcoin Capitalist Letter.

Source: https://bombthrower.com/trump-names-two-cbdc-blockchains-as-part-of-his-national-strategic-reserve/#

Original Article: https://truthunmuted.org/trump-names-two-cbdc-blockchains-as-part-of-the-bitcoin-strategic-reserve/

Insights:

• Ripple and CBDCs: Ripple's integration with CBDC initiatives is a strategic move indicating their commitment to supporting CBDCs as a utility token.
• Ethereum and CBDCs: Ethereum's decentralized nature and smart contract capabilities make it a versatile platform for various blockchain applications, possibly including CBDCs.
• Previous Declarations Against CBDCs by Trump: Despite past skepticism, CBDCs have gained worldwide traction, driven by economic and technological advancements, not limited by political administrations.

1. The Trump administration's shift towards CBDCs, as part of the National Strategic Reserve, raises questions about his earlier pro-Bitcoin stance, creating a confusing scenario for Bitcoin believers.
2. Trump's consideration of XRP and ETH for his CBDC strategy has sparked concerns about privacy and control in the digital space, potentially undermining the decentralized nature of Bitcoin.
3. The integration of Ripple and Ethereum with CBDCs represents a shift in their business models, signaling a move towards solutions that prioritize control over decentralization in the digital finance landscape.
4. The White House's focus on digital ID initiatives like REAL ID, combined with CBDCs, could lead to a blend of technologies, creating a complex political-financial ecosystem that may threaten privacy and general-news narratives regarding financial freedom.
5. CBDCs and Bitcoin represent opposing philosophies in digital currency, with Bitcoin advocating for decentralization and privacy, while CBDCs promote control and surveillance, posing a challenge for the future of digital finance and politics.

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