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"Neither is a Central Bank Digital Currency a State-level embrace of cryptocurrency\u2014at least not of cryptocurrency as pretty much everyone in the world who uses it currently understands it.\nInstead, a CBDC is something closer to being a\xa0perversion\xa0of cryptocurrency,\xa0or at least of the founding principles and protocols of cryptocurrency\u2014a cryptofascist\xa0currency, an evil twin entered into the ledgers on Opposite Day, expressly designed to deny its users the basic ownership of their money and to install the State at the mediating center of every transaction." - Edward Snowden\n\nToday we take a journey with Edward Snowden diving into the nature and problems of Central Bank Digital Currencies, or CBDCs. More honestly known as centralized surveillance coins. Start playing today's read, and then buy a little Bitcoin to help navigate us around the dystopian nightmare which is a future with CBDCs. \n\nLink to the original and Snowden's substack for more epic reading:\nhttps://edwardsnowden.substack.com/p/cbdcs\n\nFor the best products and services to get you started in Bitcoin, our sponsors are literally a handful of those that I use most in this space:\n\u2022 Get Bitcoin rewards on literally everything you buy with the Fold Card (20% discount code BITCOINAUDIBLE)\n\u2022 Buy Bitcoin automatically and painlessly with SwanBitcoin\n\u2022 Keep your Bitcoin keys safe on the secure, open source BitBox02 (5% discount code GUY)\n\u2022 Get tickets to the biggest & most exciting Bitcoin conference in the world! Bitcoin 2022 (10% discount code GUYSWANN)\nLearn more about your ad choices. Visit megaphone.fm/adchoices\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message