The fraud will evaporate once all world assets are collateralized onto the blockchain.

So you think once the DC / globalist bureaucracy controls the blockchain that they’ll prevent the DC / globalists from committing fraud?

No.

Unfortunately the only thing switching to a CBDC would do is give the government full control of every facet of the economy and the ability to prevent anyone they don’t like from existing functionally.

No food.
No housing.
No goods.
Full social credit score oversight.

The fraud would have already evaporated if .gov wanted it to. Since it’s an avenue for pols to make money, in both parties, it doesn’t.

A sophomore accounting student could have compared what MN spends per capita versus what NC spends per capita and asked why it’s triple in MN

Reality: they like the fraud. DOGE uncovered 200B in fraud and waste. Congress accepted 9B of that in cuts. .Gov spends that much every 11 hours

Gonna have to disagree with you OP

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problem will definitely get better once we put all eggs in one basket

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Crypto is used to launder money.

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So are many other forms of financial transactions to launder money but we still use them.

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No it won’t as it won’t be traceable. Thievery is a challenge for some, way of life for others.

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Just couldn't be more wrong

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Blockchain and crypto is the way to go but mining needs to be cheaper (almost free), a lot more user friendly, able to exchange crypto from wallet to wallet without an internet connection and a hell of a lot less clunky.

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2005 days hi.

My man, crypto is more seamless and smooth than an ach. Crypto is the vehicle of value that switches locations via liquidity.
Its already here and is being functionally adopted into exchanges as we speak.

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Unfortunately the only thing switching to a CBDC would do is give the government full control of every facet of the economy and the ability to prevent anyone they don’t like from existing functionally.

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Ummm dude, nobody is saying swap to a CBDC because if the reason you stated! Anyone with the slightest insight in crypto understands this!

While transactions are tracked anyone using a pseudonymous cannot, unless real names are present in wallet. So yes thieves and criminals activity is no different than a suitcase full of cash handed off

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able to exchange crypto from wallet to wallet without an internet connection

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Thats not smart, when a defi transaction is safer using validation via the web. Not sure how u want that validation to happen without communication

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Ummm dude, nobody is saying swap to a CBDC because if the reason you stated! Anyone with the slightest insight in crypto understands this!

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As I mentioned, the entire world outside of the United States is actively moving towards implementation.

We obviously agree that CBDC is the death of freedom, but I dont agree that blockchain is going to be the end of all crime and fraud when the government and those they are in place to execute policy for are the ones who are prompting and protecting the fraud in the first place.

From an objective standpoint the federal government is in effect an elected crime syndicate at this point, with the problem being that it doesnt matter who we vote for as the criminal activity continues to take place.

Even if the DOJ started fairly prosecuting fraudsters I wouldn't want the government to have any more power than it does now and ideally to have less because the moment the wrong regime gets into place it will once again be used to crush those who oppose it while redirecting wealth to those who help it.