What is a Central Bank Digital Currency? Explained Simply

What is a Central Bank Digital Currency? Explained Simply Portfolio Allocation Mastery Course 15% OFF for Subscribers Only! Promo Code SUBSCRIBER15 https://heresyfinancial.teachable.com/p/bulletproof-your-portfolio?coupon_code=SUBSCRIBER15 Do you know what a central bank digital currency is or how a CBDC might actually work? Plenty of people are talking about CBDCs today, but most people do not understand how it's actually different from money today. Because as we look around and we make our payments, we get our paychecks, and we send money, it is all digital anyway. So, what is the difference between today's money and a central bank digital currency, and why is it that I always say that a CBDC is a tyrant's wet dream? Timecodes 0:00 Video Overview 0:32 Intro 0:40 Commodity Money 1:23 Commodity Backed Money 3:24 Public Ledger 6:18 Private Ledger 10:16 Outro Upcoming Events I'm Speaking At: Pacific Bitcoin (Promo Code HERESY) http://www.pacificbitcoin.com/ My Courses and Guides🍎🍎 💵Bulletproof Your Portfolio https://heresyfinancial.teachable.com/p/bulletproof-your-portfolio 🔑Ultimate Guide on How to Buy Gold https://gum.co/DUkCt 📝Weekly Newsletter https://heresyfinancial.curated.co 📈Advanced Trading with my good friend Gareth Soloway https://heresyfinancial.krtra.com/t/xtZAkTWIuCCp Gold and Silver🔥🔥 💰Get Paid Interest IN Gold ON Your Gold https://monetary-metals.com/heresy-financial/ 📱Buy Vaulted Gold https://vaulted.blbvux.net/2rXX47 🔒OneGold Gold/Silver/Platinum (Code Heresy1x) https://bit.ly/3mS6dNo 🪙Gold/Silver IRA (Get $100 of BTC) https://itrust.capital/heresy Bitcoin 💎💎 🔐Best Bitcoin IRA (Get $100 of BTC) https://itrust.capital/heresy 🦢Best Place to Buy Bitcoin (Get $10 of BTC) http://bit.ly/swnhrsy 📟Best Bitcoin Wallet http://bit.ly/ldgrwlt Stocks💰💰 💹Best charts (Get $30) http://bit.ly/tvchrts 📈Best all-around https://bit.ly/3zFGSO2 📊Best auto investing https://m1finance.8bxp97.net/QOKA3P Real Estate 🚀🚀 🏠Single-Family Rentals https://roofstock.3k3q.net/XJX24 🏡 Invest in High-Yield RE Debt https://groundfloor-finance.sjv.io/mgRRvy 🏘RE Portfolio Investing https://fundrise.sjv.io/Ygg2NO Misc ⚖️⚖️ 📖My Bookshelf https://ur7hr.glideapp.io/ ☕️Merch https://heresy-financial.creator-spring.com 🤝Join my private community on Locals https://heresyfinancial.locals.com I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial. #CBDCsExplained #CentralBank #DigitalCurrency