Former Coinbase CTO Balaji Srinivasan warned people to “GET TO BITCOIN BEFORE DIGITAL LOCKDOWN.”

The comment came in a lengthy tweet about banking system weaknesses and the soon-to-be-released FedNow payment network.

Srinivasan described a hypothetical situation where individuals have “Bitcoin independence” or are confined to a CBDC system. He compared the latter to a digital financial ringfence, which he labeled the “Great Dollarwall” — a nod to China’s Great Firewall that restricts access to certain websites considered inappropriate by the governing Chinese Communist Party.

(by Samuel Wan)