Hypothetically if CBDCs became mainstream and governments removed all physical cash. Then block/ban BTC being bought and sold via the CBDC network. We now need a new way to convert our fiat into BTC.
A workaround could be physical gold. I buy gold with my CBDCs then trade that gold for BTC.
Positives - Hard to trace since once you have the gold it cannot then be tracked. Gold is a trusted store of value which everyone can use. Gold coins can be bought VAT free and there is plenty supply.
Negatives - Lose divisibility since splitting gold coins is difficult and makes the resale harder. Larger transactions won't have this issue so much. Transactions must be done in person unless using trusted parties.
Would like to hear any other pro's and con's for this. And any other alternatives for converting CBDC fiat to BTC.
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