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Author Topic: is Bitcoin threatened by digital dollar?  (Read 4799 times)

Offline Citysatoshi

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Re: is Bitcoin threatened by digital dollar?
« Reply #15 on: October 09, 2022, 04:58:27 PM »
I don’t think any government created digital currency, wether stable coin or crypto coin/tokens will not in any way dominate bitcoin or any other crypto. Bitcoin remain the king of all crypto and I don’t see any coin overtaken bitcoin. Government digital coin may find it difficult to measure up with bitcoin, ethereum, Solana, BNB, ADA etc. and no amount of markings, promotion, or advertisement will make government owned crypto dominate these numbers of crypto mentioned here in my opinion.

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Re: is Bitcoin threatened by digital dollar?
« Reply #15 on: October 09, 2022, 04:58:27 PM »

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Re: is Bitcoin threatened by digital dollar?
« Reply #16 on: October 11, 2022, 11:35:07 AM »
I don’t think any government created digital currency, wether stable coin or crypto coin/tokens will not in any way dominate bitcoin or any other crypto. Bitcoin remain the king of all crypto and I don’t see any coin overtaken bitcoin. Government digital coin may find it difficult to measure up with bitcoin, ethereum, Solana, BNB, ADA etc. and no amount of markings, promotion, or advertisement will make government owned crypto dominate these numbers of crypto mentioned here in my opinion.

You're right, I think the government will create digital currency but just stable coins.
I don't think the govs will create other
I think digital dollars is not threatened for crypto currency, they will grow together
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Offline elbans89

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Re: is Bitcoin threatened by digital dollar?
« Reply #17 on: October 11, 2022, 08:43:51 PM »
digital dollar, I think It's the government way to against crypto currency.
It's the best way to do of the government.
I think I agree digital dollar and crypto will compete at the coming future.
Let's see
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Re: is Bitcoin threatened by digital dollar?
« Reply #18 on: October 11, 2022, 10:17:56 PM »
digital dollar, I think It's the government way to against crypto currency.
It's the best way to do of the government.
I think I agree digital dollar and crypto will compete at the coming future.
Let's see
The government has no chance to against crypto. I am not sure the digital dollar will cause crypto to disappear. Since crypto is getting popular around people in the world, people think it is already a necessary part of our life. People are interested in crypto because it is decentralized and easy to use. While the digital dollar is just another form of the physical dollar, I don't think there is a new innovation here.

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Offline pieppiep

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Re: is Bitcoin threatened by digital dollar?
« Reply #19 on: October 11, 2022, 11:49:47 PM »
Maybe we all know that USDT has the potential to create that because until now USDT can be created without stopping and has an unlimited supply meaning USDT may be used to pose a real threat because they can destroy the bitcoin price to the bottom price.

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Re: is Bitcoin threatened by digital dollar?
« Reply #20 on: October 11, 2022, 11:54:47 PM »
I don't think so. The existence of Bitcoin is decentralized and also not controlled by anyone. BTC is special because everyone can own Bitcoin as they like. In this case, the expected of digital dollar will not give any high pressure to Bitcoin, moreover threaten the BTC itself.

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Re: is Bitcoin threatened by digital dollar?
« Reply #21 on: October 13, 2022, 09:09:52 PM »
I don't think so. The existence of Bitcoin is decentralized and also not controlled by anyone. BTC is special because everyone can own Bitcoin as they like. In this case, the expected of digital dollar will not give any high pressure to Bitcoin, moreover threaten the BTC itself.

That's the fact, digital dollar is not  a threat for bitcoin and other crypto currency.
Bitcoin is owning by everyone.
Bitcoin will survive and I think the government will create many digital currency.
But it doesn't matter

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Re: is Bitcoin threatened by digital dollar?
« Reply #21 on: October 13, 2022, 09:09:52 PM »


Offline damsix

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Re: is Bitcoin threatened by digital dollar?
« Reply #22 on: October 14, 2022, 09:53:56 AM »
YG, the name of the government, must have something unique to create that makes everything so strange and very foreign to hear. lol
Don't be afraid of the Digital Dollar because the cryptocurrency community already has a lot of things called Digital Dollars and we have to relax to respond.
The examples we see most often are USDT, BUSD, USDC, TUSD and so many Digital Dollar coins, whether the US government wants to create a stable coin or not but I am sure it will be a stable coin.

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Re: is Bitcoin threatened by digital dollar?
« Reply #23 on: October 22, 2022, 06:02:29 PM »

Don't be afraid of the Digital Dollar because the cryptocurrency community already has a lot of things called Digital Dollars and we have to relax to respond.
The examples we see most often are USDT, BUSD, USDC, TUSD and so many Digital Dollar coins, whether the US government wants to create a stable coin or not but I am sure it will be a stable coin.

You're right, there are many digital dollars in crypto currency and They are familiar for crypto enthusiasm.
I think USDT, BUSD, USDC, TUSD are the good digital dollars as we know.
If the government create digital dollar, I think it's not big matter.
Crypto will always survive
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Re: is Bitcoin threatened by digital dollar?
« Reply #24 on: November 27, 2022, 05:06:49 AM »

You're right, there are many digital dollars in crypto currency and They are familiar for crypto enthusiasm.
I think USDT, BUSD, USDC, TUSD are the good digital dollars as we know.
If the government create digital dollar, I think it's not big matter.
Crypto will always survive
The digital dollar of the states, that is, their CBDC, will only be a threat to the current private and commercial stablecoins, just like USDT, BUSD, USDC, TUSD. For Bitcoin and other decentralized cryptocurrencies, CBDCs will not pose a direct threat. Private stablecoins are already interfering with their fiat, and even more so will interfere with their future digital currency. At the same time, one should not hope that the current stablecoins will successfully compete with state stablecoins. States have many effective levers to change the situation in their favor.

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Re: is Bitcoin threatened by digital dollar?
« Reply #25 on: November 28, 2022, 07:51:55 AM »
Yes, it's for sure that nothing will be more expensive for bitcoin, it will only affect the price, as you said, they will be able to influence the stake coins of USDT, BUSD, USDC, TUSD. In this case, you can only lose your investments if you transfer everything to stablecoins.
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Re: is Bitcoin threatened by digital dollar?
« Reply #26 on: November 28, 2022, 08:33:53 AM »
Bitcoin remain very strong as far as digital currency is concerned, I don't see any chance that the planned digital Dalla affecting it. If the crypto stablecoins like USDT, USDC, BUSD etc has not affect Bitcoin, I think the CBDCs will not poss any problem. Bitcoin controls the market and many traders/investors consider BTC as the king.

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Offline dekafee79

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Re: is Bitcoin threatened by digital dollar?
« Reply #27 on: December 09, 2022, 06:34:29 PM »
Bitcoin remain very strong as far as digital currency is concerned, I don't see any chance that the planned digital Dalla affecting it. If the crypto stablecoins like USDT, USDC, BUSD etc has not affect Bitcoin, I think the CBDCs will not poss any problem. Bitcoin controls the market and many traders/investors consider BTC as the king.

Yep, I agree
 I think bitcoin will remain as the king of crypto currency.
Bitcoin doesn't threatened by digital dollar or other.
Because bitcoin is the pioneers and always will be

Offline rizqillah

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Re: is Bitcoin threatened by digital dollar?
« Reply #28 on: December 17, 2022, 08:50:54 PM »
I saw this news and it got me thinking if the growth of Bitcoin in United States is gonna be hindered since the government plans on introducing digital dollar. Though I've no idea how it's gonna work.

Quote from:  copied from https://www.msn.com/en-us/money/markets/president-biden-gives-crypto-a-bitter-taste-of-what-lies-ahead/ar-AA1207rp
The White House is urging the Federal Reserve to explore the launch of a digital dollar, or Central Bank Digital Currency, which would be controlled by the Fed. This identical digital twin of the dollar would be completely regulated.

A U.S. digital dollar "facilitates faster cross-border transactions and is environmentally sustainable," the Biden administration explained. "It could promote financial inclusion and equity by enabling access for a broad set of consumers."

It could also "protect against cyber and operational risks, safeguard the privacy of sensitive data, and minimize risks of illicit financial transactions."

In addition, the White House believes a U.S. digital dollar "could also help preserve U.S. global financial leadership, and support the effectiveness of sanctions."


I myself don't think this will be that much of an issue since the so called "Digital Dollar" is still gonna be controlled by the Federal Governments which makes it not decentralized unlike Bitcoin.

But what do you think?

Don't worry about digital dollars, it's just stable coin.
Bitcoin and others will always have good future
Bitcoin is the King, I don't believe digital dollars will beat bitcoin.
It's impossible.
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Offline Doctor

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Re: is Bitcoin threatened by digital dollar?
« Reply #29 on: December 17, 2022, 09:17:34 PM »
agree with opinion above, I think digital dollar is not threat for bitcoin and altcoin.
We know there are several stable coins such as USDT , USDC and others
But bitcoin still exist

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