Justin Sun Warns CBBTC Undermines Bitcoin’s Core Principles

CoinMarketCap09-13

Tron founder Justin Sun has voiced his disapproval of the Central Bank Bitcoin (CBBTC), claiming that it goes against the core principles of Bitcoin as a decentralized currency. Sun cautioned the ...

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Sun cautioned the ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/66e442a881e3947289d58972/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTC","symbol_name":"Grayscale Bitcoin Mini Trust","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/66e442a881e3947289d58972/","article_id":"2467775107","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/9e228c58f21a489cb9e0d6cc5214597e.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2467775107","pubTimestamp":1726235356,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Tron founder Justin Sun has voiced his disapproval of the Central Bank Bitcoin (CBBTC), claiming that it goes against the core principles of Bitcoin as a decentralized currency. Sun cautioned the cryp","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BTC":"Grayscale Bitcoin Mini Trust","BK4594":"比特币ETF概念","BK4107":"财产与意外伤害保险","BK4588":"碎股","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4516":"特朗普概念","BK4595":"比特币概念","BK4023":"应用软件","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","CB":"安达保险","BK4547":"WSB热门概念"},"translate_title":"孙宇晨警告CBBTC破坏比特币核心原则","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1,"CB":1},"content_text":"Tron founder Justin Sun has voiced his disapproval of the Central Bank Bitcoin (CBBTC), claiming that it goes against the core principles of Bitcoin as a decentralized currency. Sun cautioned the crypto community in an X post on Thursday against integrating Bitcoin with centralized platforms. He mentioned that this approach is against the principles laid down in the creation of Bitcoin.CBBTC Paradox ExposedCBBTC is not a very popular term, and it is commonly linked to Central Bank Digital Currencies (CBDCs). Sun has used it to emphasize the paradox of concentrating on Bitcoin's decentralized asset. He pointed out that having a central bank control Bitcoin is contrary to Satoshi Nakamoto's idea of Bitcoin as a decentralized and non-censoring currency.Transparency vs TrustOne of Sun's main issues is that a CBBTC would need to be less transparent. Unlike Bitcoin, which has a clear Proof of Reserves and is audited by independent parties, the Central Bank Bitcoin would be based on trust in a single entity. According to Sun, this contradicts the principle of ‘Don’t trust, verify’, which is the core of Bitcoin. This principle makes users depend on blockchain technology rather than institutions.Sun also explained that user balances could be frozen in the CBBTC and traditional banks. However, this would be against Bitcoin’s role since it is a decentralized currency no one governs. In the event of a legal subpoena, the government could maintain Bitcoin under CBBTC.Read more on Cryptotale.Visit the links for more information Website | Twitter | Telegram | Instagram |","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2467775107"}