CBDCs and Stablecoins: Trojan Horses to Inoculate the Masses?
“Bitcoin and Christianity is inevitable. Same values, same principles, same enemies.” - X user “Michael” (@cryptotraveler), Sept 24, 2021.
In addition to my role at the Roswell Daily Record, I have been involved with notable figures in the bitcoin industry. A particularly proud moment for me was my work with the Bitcoin Policy Institute on their influential document titled “Why The U.S. Should Reject Central Bank Digital Currencies,” which has made waves in the banking sector and among U.S. legislators.
Their arguments resonated strongly, culminating in President Donald Trump's promise during a January 2024 campaign speech to protect Americans from government tyranny by opposing the creation of a Central Bank Digital Currency (CBDC). During a follow-up in January 2025, Trump reiterated this stance alongside other Republican leaders who have voiced their opposition to CBDCs.
As bitcoin advocates, we see ourselves as the last line of defense against an overreaching financial system controlled by central banks and unelected officials. Bitcoin represents freedom from this control, and many of us dedicate our time and resources to ensure its victory over these forces.
In previous writings, I discussed Trump's shift towards bitcoin and the contrasting stance of Democratic leaders who have enforced strict regulations that stifle the growth of the bitcoin industry. Their allegiance to legacy banking interests undermines the potential benefits of bitcoin, which operates independently of traditional financial systems.
CBDCs have recently been rebranded as commercial bank dollar-pegged stablecoins, which promise stability but pose significant risks. Past incidents, like PayPal's controversial policy proposal, highlight the potential dangers of centralized control over digital currencies.
Despite being perceived as a partisan issue in the U.S., bitcoin transcends political affiliations. It is an apolitical and amoral financial instrument, offering unparalleled access to financial services. Even a child in a remote area can utilize bitcoin without the need for identification, unlike traditional banking systems.
Globally, bitcoin is often used as a daily currency rather than merely an investment vehicle, enabling transactions without the burdens of identification. It represents a bearer instrument, meaning ownership is determined by possession. The ability to send and receive bitcoin without the need for intermediaries is revolutionary.
Bitcoin can be transmitted through various means, even without internet access, showcasing its resilience and adaptability. Bitcoin's uncensorable nature means that it does not discriminate based on political or religious beliefs, making it a truly inclusive financial tool.
Join me next week for Bitcoin vs Mark of the Beast, Part 2.
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Guy Malone holds three certifications in digital currencies and has written and edited for publications including Bitcoin Magazine and Bitcoin News. Reader questions about bitcoin are welcomed for response in a future column. Contact Malone via copyedit@rdrnews.com and/or @RichNFrenz on X. The views expressed in this column are those of the author.
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