When Post Malone Talks CBDCs on Joe Rogan: The Bitcoin World Listens

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• Joe Rogan and Post Malone openly criticize the potential implications of CBDCs on the Joe Rogan Experience podcast.
• Their discussions touch upon concerns of government control, privacy, and the prospect of a social credit system tied to financial assets.

A Digital Dollar: Boon or Bane?

Central Bank Digital Currencies (CBDCs) have rapidly become a topic of heated discussion, especially amidst mounting concerns about their implications for personal privacy and financial autonomy. This debate has been further propelled into the mainstream spotlight following a candid discussion between Joe Rogan and Post Malone on the widely-acclaimed “Joe Rogan Experience” podcast.

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At the heart of it, Rogan simply may not…

— Jimmy Song (송재준) (@jimmysong) August 9, 2023

Rogan’s Fears and Malone’s Resonance

Rogan’s skepticism about CBDCs is evident. In response to Malone’s query about his stance on a potential U.S. digital dollar, Rogan emphatically stated,

“No way. That’s checkmate. That’s game over.”

The inherent fear is that CBDCs could provide a mechanism for the government to exert greater control over individual finances. Furthermore, Rogan theorized a scenario wherein CBDCs could be tethered to a person’s social credit score, giving the government the potential power to withhold or restrict financial access based on behavioral parameters.

Post Malone resonated with this apprehension, expressing concerns over the existing U.S. banking system, particularly highlighting the Federal Deposit Insurance Corporation’s (FDIC) insurance limit of $250,000. Moreover, both personalities cited the controversial decision by the Canadian government to freeze bank accounts linked to the “Freedom Convoy” truckers, reinforcing the sentiment that governments already wield excessive control over personal finances.

Industry Echoes: The Response from Crypto Leaders

The sentiments expressed by Rogan and Malone were met with widespread approval from notable figures within the cryptocurrency and blockchain sector. Caitlin Long, CEO of Custodia Bank, expressed her alignment with their perspective, emphasizing the potential threat CBDCs pose to financial privacy and property rights. Sam Callahan, a Bitcoin analyst, further praised the duo for bringing this paramount discussion to such a prominent platform.

The CBDC discourse has not only captured the attention of celebrities and industry leaders but has also emerged as a focal point in U.S. presidential campaigns. Notably, Ron DeSantis and Robert F. Kennedy Jr. have both vocalized their concerns, with Kennedy Jr. describing CBDCs as “instruments of control.”

While the podcast episode didn’t delve deeply into decentralized cryptocurrencies like Bitcoin, the conversation’s overarching theme centered on the potential hazards of a centralized digital financial system. As CBDCs continue to shape global financial conversations, it is crucial to engage in these discussions with an informed perspective, discerning the potential opportunities and challenges they present.