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WEB3 CRYPTO EDUCATION
BITCOIN vs CDDC
Our world is becoming increasingly digital, and so is our money.
That begs the question: what do we want our digital money to look like?
Many countries are exploring issuing Central Bank Digital Currency (CBDC) which is a fully digital form of programable currency.
Let's take a closer look with our Digital Founding Fathers at the difference between two forms of digital money: Bitcoin & Central Bank Digital Currencies (CBDCs).
SATOSHI NAKAMOTO
Spend without permission
BITCOIN
Requires permission to spend
CBDC
Bitcoin and private cryptocurrency is designed to give you total control of your money. No one can stop you from transacting, CBDC's are designed to give governments and central banks total control over your money.
BENJAMIN FRANKLIN
Your money never expires
BITCOIN
Your money can expire
CBDC
Bitcoin never expires and has no monthly fees. CBDC's can be programmed to expire to prevent you from saving for the future.
ABRAHAM LINCOLN
Fixed supply of 21M BTC
BITCOIN
No limit on total supply
CBDC
Bitcoin has a hard cap of 21M BTC that will ever exist. CBDC's, much like the currencies we use today, have no cap on the supply. This lack of cap on the total supply allows the government to expand the money supply, which causes inflation.
NIKOLA TESLA
Psudonymous
BITCOIN
Linked to your government ID
CBDC
Bitcoin addresses are pseudonymous, which means they are not linked to your real name or identity. CBDC's are directly linked to your real name or identity which enables massive financial surveillance and censorship.
SOCRATES
Decentralized
BITCOIN
Centralized
CBDC
The Bitcoin Network is decentralized with tens of thousands of independent nodes validating the network. CBDC's are centralized in the hands of the government and central banks, which gives them complete control over the CBDC network.
ALBERT EINSTEIN
Users can run nodes
BITCOIN
Users can't run nodes
CBDC
Bitcoin allows anyone to run a node that validates the rules of the network are being followed. CBDC's don't allow anyone to run nodes and rely on trust in the government and central banks.
US GENERAL MICHAEL FLYNN
Can't be frozen
BITCOIN
Easily frozen
CBDC
Bitcoin is designed to make it impossible for others to freeze your money. CBDC's are designed to make it was for governments and central banks to freeze your money.
SATOSHI NAKAMOTO
Can be self-custodies
BITCOIN
Must trust custodians
CBDC
Bitcoin is designed to give users full control over their money. This means you can self custody your Bitcoin and keep your money in your control CBDC's require you to trust the custodian, like a bank or government, to hold your money for you.
BEN FRANKLIN
Predictable monetary policy
BITCOIN
Changing monetary policy
CBDC
Bitcoin has a predictable monetary policy that is fixed in code and can't be changed . CBDC's, like our currencies today, have a monetary policy that can easily be changed. This results in inflation when politicians print too much money.
ABRAHAM LINCOLN
Secure
BITCOIN
Insecure
CBDC
Bitcoin is the most secure computing network that has ever existed and has never been hacked. CBDC's rely on governments and banks to secure the network, which have been hacked countless times throughout history.
GET STARTED
WITH CRYPTO
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