Do you consider CBDC as crypto?

[Findingnemo]

As the title says, do you even consider CBDC as part of crypto currency?

I don't see it as a crypto, just because blockchain technology is used doesn't mean it's crypto for me because the basic essense of crypto I know is decentralisation so anything that lean towards centralisation is moving away from crypto and there is CBDC which is the extreme level of centralisation and not really any different from digital Fiat.

[Sim_card]

As the title says, do you even consider CBDC as part of crypto currency?

I don't see it as a crypto, just because blockchain technology is used doesn't mean it's crypto for me because the basic essense of crypto I know is decentralisation so anything that lean towards centralisation is moving away from crypto and there is CBDC which is the extreme level of centralisation and not really any different from digital Fiat.

I don't think CBDC is crypto because it is a country fiat currency but in a digital form and has the same value of the country currency. Will I say that it is similar to crypto but not crypto. Government are creating their own CBDC to make their citizens shy away from crypto but it is nothing but fiat in an advance way.

[_act_]

CBDCs are not cryptocurrencies.

I don't think CBDC is crypto because it is a country fiat currency but in a digital form and has the same value of the country currency. Will I say that it is similar to crypto but not crypto.

Not that I think but I know that CBDCs are not crypto. They are fiat that make use of blackchain technology. The countries that created CBDCs also said it is not cryptocurrencies but different. If you check the sites that are listing cryptocurrencirs, no CBDCs are listed among them.

[0t3p0t]

Since crypto is categorized as digital currency and there are different types of them like volatile coins and stable coins then I think CBDC is considered as crypto though centralized ones and maybe as long as it uses cryptography then it might be called that way.

[Gurujebs]

As the title says, do you even consider CBDC as part of crypto currency?

I don't see it as a crypto, just because blockchain technology is used doesn't mean it's crypto for me because the basic essense of crypto I know is decentralisation so anything that lean towards centralisation is moving away from crypto and there is CBDC which is the extreme level of centralisation and not really any different from digital Fiat.

Its not crypto because there is a single point of failure, anyone from above can give a direct order for funds to be confiscated and it will be done right away but atleast some altcoins are not as terrible as the CBDC unless if it's exchange and I'm sure that everyone has options to use their personal wallets instead of any exchanges.

CBDC is also regulated and on watch list of the government which means they can do and undo, they can stop the network for their usual maintenance routines and may even go put of coverage, if you understand banks, you should understand what I'm saying, anything government related aren't to be trusted.

[electronicash]

As the title says, do you even consider CBDC as part of crypto currency?

I don't see it as a crypto, just because blockchain technology is used doesn't mean it's crypto for me because the basic essense of crypto I know is decentralisation so anything that lean towards centralisation is moving away from crypto and there is CBDC which is the extreme level of centralisation and not really any different from digital Fiat.

is there any cryptocurrency you heard where the tokens can be frozen and suspend?
its been said that CBDC can do all these and even prevent a user from buying something. so if your answer is YES, then i may therefore conclude CBDC can be crypto using blockchain.

we have heard of news about this stablecoin that can be frozen and exchanges are participating to stop a transaction. we may call it a regulation in a centralized system but its gonna be called differently if suspension/freezing of funds happens in a decentralized platform.

[Cryptsafe]

CBDC are centralised and regulated, controlled by the government  which I do not see it convenient because it is monitored by the government and one does not enjoy that freedom as it is to other Crypto. So I do not think it is called a Crypto. It is just a kind of a digital fiat owned by the government. It is centralised and the system can not be trusted.

[yhiaali3]

CBDC is the complete opposite of cryptocurrencies, in my opinion it is worse than fiat too.

CBDC is the complete opposite of cryptocurrencies as it is centralized and completely controlled by the government where it can block any transaction or freeze anyone's account it wants, this is a complete violation of privacy and financial freedom.

The government doesn't even have to print paper money all it has to do is mint more and more of this garbage currency on computers.

[Zed0X]

The answer should be obvious no? The issuers of CBDC don't even consider it as cryptocurrency. Aside from being a digital fiat using blockchain, I also liken it to a centralized stable coin such as USDT but with different backer/issuer and has more restrictions.

[Mr. Magkaisa]

As the title says, do you even consider CBDC as part of crypto currency?

I don't see it as a crypto, just because blockchain technology is used doesn't mean it's crypto for me because the basic essense of crypto I know is decentralisation so anything that lean towards centralisation is moving away from crypto and there is CBDC which is the extreme level of centralisation and not really any different from digital Fiat.

       -      Like you, I don't even recognize CBC as a crypto. So if any country is going to use its CBC, I see only one thing they want, and that is to have access to all the transactions that the holders will do with the assets they hold.

It seems that the only thing that will happen there is that their treatment is similar to that of fiat currency, but not as a pure crypto asset; they will just make it appear that it is crypto as if we still hold the privacy, but in reality it is not really.

[Hisbullah]

CBDC is the complete opposite of cryptocurrencies, in my opinion it is worse than fiat too.

CBDC is the complete opposite of cryptocurrencies as it is centralized and completely controlled by the government where it can block any transaction or freeze anyone's account it wants, this is a complete violation of privacy and financial freedom.

The government doesn't even have to print paper money all it has to do is mint more and more of this garbage currency on computers.

I agree with you, CBDC is the opposite of crypto where it is centralized and the government can regulate and freeze accounts as they wish. Whereas people who invest in crypto want financial freedom, I think CBDC is just a digital currency created by the government that has the intention of competing with crypto but in reality is far from the function and benefits of crypto itself.

[TomPluz]

As generally accepted by the whole cryptocurrency industry and its many supporters worldwide, CBDC by definition can not be categorized as part of the cryptocurrency thing but they can be integrated later just like the fiat money. CBDC are under the power and influence of the government issuing them...technically they are the digitalized fiat money by the country giving them the ascendancy in the market. And just like fiat, CBDC could never be decentralized and can even be a tool for more control on the part of the central bank and the government. CBDC can mean more power to the government whereas cryptocurrency most especially BTC can mean more power to the people.

[Jating]

Technically if they have their blockchain then they could be called crypto. However, it's utility and function are totally different with what we understand of crypto itself, like being a investment vehicle and it should be decentralized.

And we all know that this is controlled by the government itself so no, it's not even cryptocurrency for us who understand how everything works from behind. And we all know that government created this one to give illusion to their crypto based population that they are supporting crypto in general but it's not.

[royalRitta]

Technically if they have their blockchain then they could be called crypto. However, it's utility and function are totally different with what we understand of crypto itself, like being a investment vehicle and it should be decentralized.

And we all know that this is controlled by the government itself so no, it's not even cryptocurrency for us who understand how everything works from behind. And we all know that government created this one to give illusion to their crypto based population that they are supporting crypto in general but it's not.

It would be a crypto, but centralized and for the purposes that wouldn't align with people, but with entities bigger than them 

[Findingnemo]

CBDC can mean more power to the government whereas cryptocurrency most especially BTC can mean more power to the people.

CBDC will give a complete trail of transactions to the government entities at any time about any user and that's more easier to identify than even the fiat money and also CBDC can put an end to the small banking sectors too, only the big players will be controlling every monetary TXs and we often forget that issuer of fiat or CBDC is central banks which are not directly controlled by the government either, it could be by anyone who the influential people want them to be.