China’s National Digital Currency

No, Central Bank Digital Currencies (CBDC) are not at all “similar to Bitcoin”, nor technological progress. A centralised blockchain is just a slow and inefficient database.

First country to launch their CBDC, China merely nationalised WeChat pay and Alipay, with even more centralization and stricter limitations.

Value automatically decreases, funds expire and disappear, can’t send money to friends and family… Central Bank dystopia!

Bitcoin fixes this.

Read full article here: https://www.nytimes.com/2021/03/01/technology/china-national-digital-currency.html

Bitcoin discussed today in Nigerian Senate Plenary

Nation states, especially those not in the West, are facing today a unique opportunity to learn about, embrace, and harness Bitcoin.

Forget Tesla, MicroStrategy, Square, and prepare yourself for sovereign nation states including BTC into their Central Banks reserves.

Today in the Nigerian Senate Plenary:

“We didn’t create Cryptocurrency and so we cannot kill it and cannot also refuse to ensure it works for us. These children are doing great business with it and they are getting result and Nigeria cannot immune itself from this sort of business.” – Senator Biodun Olujimi

https://twitter.com/ngrsenate/status/1359836204955533313?s=21

Senate resolved to:

“Mandate the Committees on Banking, Insurance and other Financial Institutions, ICT and Cybercrimes, and Capital Market to invite the CBN Governor for briefing on the opportunities and threats of the Crypto currency on the nation’s economy and security and to report back findings within two weeks.”