The topic of central bank digital currencies (CBDCs) remains controversial. While Japan recently announced its withdrawal from the idea of CBDCs due to lack of retail support, Ripple (XRP) is actively developing CBDCs on its ledger, as mentioned in a recent post by 
As taskmaster pointed out, even a wolf hiding in sheep's clothing will eventually be revealed. Ripple has always been a project favored by banks, never comparable to Bitcoin, Ethereum, or Hive. Although it generated significant profits for those who heavily invested in it in 2017, in reality, it is an enslaving crypto project.
It is evident that modern society is shifting towards a cashless system, with countries like China and Sweden leading the way. Personally, I do not rely on television for information as I believe nothing broadcasted on cable TV is of any use to me.
Although some people around me do watch TV, I recently heard from someone that even my own country is actively working towards eliminating cash in the near future. I hope their efforts encounter obstacles because I appreciate both physical cash and cryptocurrencies. However, I am not fond of the idea of a digital cash society due to the implications I am well aware of.
I recently came across a short video clip on Twitter from Nigeria showing massive piles of shredded cash, while the country claims there is a shortage of cash and inflation is skyrocketing. The government proposes CBDCs as the solution to escape such economic misery.
I empathize with these people, having experienced the challenges of living in an underdeveloped country ruled by corrupt leaders. At this point, the global elites no longer bother hiding their intentions; they are openly rushing towards implementing their plans.
A few days ago, an American politician—I can't recall his name—made a statement implying that the government creates money out of thin air because they have the authority to do so. This lack of reaction and apathy from the public indicates that the government is detached from the well-being of its citizens.
In light of this, what should we do? Should we revert to barter and leave them behind with their digital cash and oppressive governance?
Unfortunately, that's not a feasible option. We rely on fuel, we need to purchase centralized supermarket goods, and we depend on various services that are only accessible within the system. So, should we create our own currency? Interestingly, I believe I've heard of this concept before...
As determined as I am to fight against CBDCs and the tyrannical measures taken by governments, I also recognize that amidst all the negativity, there is a silver lining. This situation will drive many of us towards decentralized alternatives. Once CBDCs become prevalent, cryptocurrencies will experience a surge in mass adoption.
There will be numerous individuals who not only seek to bypass the digital prison but also embrace cryptocurrencies as an alternative. Ultimately, the government cannot force billions of people into something they do not want.
While they can attempt to intimidate us, they cannot coerce us. In the end, it is the majority that determines the acceptance or rejection of any system. If the majority hadn't reached their limit with the COVID situation, we would likely still be in the midst of a pandemic.
The majority of Nigerians are witnessing what the government is doing with their cash and the implications of CBDCs. Similar awareness will arise in other countries as well. Therefore, I am not yet ready to declare a battle against CBDCs. Furthermore, I believe this problematic financial system will inadvertently drive the widespread adoption of cryptocurrencies.
What are your thoughts on this matter?
Thanks for your attention,
Adrian