Why should ANY digital currency concern you?
Well, because a digital currency would mean every single transaction you make can be monitored and recorded by the state.
The implications for the right to privacy are obvious, but privacy should be the least of your concerns.
Much of the research being done on digital currency now is making them PROGRAMMABLE.
Meaning either the Government issuing the money, or the Company paying it as wages, could put controls on how or where it is spent.
Digital currency could be programmed to ensure it is only spent on essentials, or goods which an employer or Government deems to be sensible, and not be used in “socially harmful” ways.
It doesn’t take much imagination to see just how this system could evolve and re-shape society into a truly digital dystopian nightmare.
Just a month ago, the government of Canada tracked down Freedom Protesters, and Donors ordering banks to freeze their assets.
Consider how much easier a programmable digital currency would have made that process.
Not only would it be easier to seize assets, but they could have stop donations to the “wrong” causes in the first place with digital currency programmed to "blacklist" certain causes, functions, charities, news organizations, companies etc. etc. etc....
Refused to vaccinate, or don’t publicly denounce the "boogie man" of the day, you could have sanctions placed on your bank accounts, and the ability to purchase anything but essential goods may be suspended due to the programmable nature of digital currency. (half ration and NO discretionary spending for you)
Governments are currently declaring financial war on private citizens who have not been charged, let alone convicted of any crime, just because of their political ideology. Is this a power they can be entrusted with?
Invest in the "wrong company", one that doesn't adhere to the social insanely of the day, the green new deal, social equality, transgenderism or whatever outrageously ridiculous "ism" they are peddling that day. Is this a power they can be entrusted with?
Think of the destructive nature to the markets with the mixed messages and misallocation of resources, ANY resemblance of free markets will be dead, Central Control and Command would be all that is left. Are governments really the best manager of assets? You may want to review the past, present, and soon to be future financial crisis because of their mismanagement, their incompetents, their greed. and their Apathy. Is this a power they can be entrusted with?
The possibilities are as ENDLESS as they are as TERRIFYING . Central Bank Digital Currencies are a death blow to the very idea of economic freedom and individual liberty.
It is impossible to overstate the important of this.
"Gold Backed Digital Currency",
"ARE DIGITAL CURRENCIES NONE THE LESS"
A CAGE made of golden bars is STILL A CAGE.
I'm all for the abolishment of the FED and the return to sound money. I personally think a bimetallic structure as originally envisioned should be the starting point to that prospect. A return to a Storehouse of Value, NOT a obligation of future debt as a fractional reserve fiat.
Why should ANY digital currency concern you? Well, because a digital currency would mean every single transaction you make can be monitored and recorded by the state. The implications for the right to privacy are obvious, but privacy should be the least of your concerns. Much of the research being done on digital currency now is making them PROGRAMMABLE. Meaning either the Government issuing the money, or the Company paying it as wages, could put controls on how or where it is spent. Digital currency could be programmed to ensure it is only spent on essentials, or goods which an employer or Government deems to be sensible, and not be used in “socially harmful” ways. It doesn’t take much imagination to see just how this system could evolve and re-shape society into a truly digital dystopian nightmare. Just a month ago, the government of Canada tracked down Freedom Protesters, and Donors ordering banks to freeze their assets. Consider how much easier a programmable digital currency would have made that process. Not only would it be easier to seize assets, but they could have stop donations to the “wrong” causes in the first place with digital currency programmed to "blacklist" certain causes, functions, charities, news organizations, companies etc. etc. etc.... Refused to vaccinate, or don’t publicly denounce the "boogie man" of the day, you could have sanctions placed on your bank accounts, and the ability to purchase anything but essential goods may be suspended due to the programmable nature of digital currency. (half ration and NO discretionary spending for you) Governments are currently declaring financial war on private citizens who have not been charged, let alone convicted of any crime, just because of their political ideology. Is this a power they can be entrusted with? Invest in the "wrong company", one that doesn't adhere to the social insanely of the day, the green new deal, social equality, transgenderism or whatever outrageously ridiculous "ism" they are peddling that day. Is this a power they can be entrusted with? Think of the destructive nature to the markets with the mixed messages and misallocation of resources, ANY resemblance of free markets will be dead, Central Control and Command would be all that is left. Are governments really the best manager of assets? You may want to review the past, present, and soon to be future financial crisis because of their mismanagement, their incompetents, their greed. and their Apathy. Is this a power they can be entrusted with? The possibilities are as ENDLESS as they are as TERRIFYING . Central Bank Digital Currencies are a death blow to the very idea of economic freedom and individual liberty. It is impossible to overstate the important of this. "Gold Backed Digital Currency", "ARE DIGITAL CURRENCIES NONE THE LESS" A CAGE made of golden bars is STILL A CAGE. I'm all for the abolishment of the FED and the return to sound money. I personally think a bimetallic structure as originally envisioned should be the starting point to that prospect. A return to a Storehouse of Value, NOT a obligation of future debt as a fractional reserve fiat.