IF YOU USE MONEY, THIS AFFECTS YOU
This is the most important vote in monetary policy history since the fed was created.
Don't get comfortable. Do not ignore.
Republicans introduce bill to stop central bank digital currency.
CBDC are ALREADY IN EFFECT IN CHINA, NIGERA.
THEY MUST NOT HAPPEN HERE.
CALL YOUR REPS AND SUPPORT THE BILL TO STOP THIS.
Its not just surveillance, coded currency gives the government CONTROL OVER WHAT YOU BUY.
SUPPORT STOPPING THIS BILL.
Previous Treasury Secretary STEVE MNUCHIN is AGAINST CBDC. Says they are unnecessary.
For those who are not heavy into crypto
cryptocurrency & the blockchain was designed to be
transparent (to prevent fraud),
unbreakable & unhackable (to prevent security problems, even the feds can't crack it),
private (you only see account numbers, are only caught if you committ a crime),
open source (anyone can code thier own currency)
and a completely distinct financial system (separate from the central bank, which it still is)
abundant (any crypto developers can decide how much they want to pay users to participate. There are unbreakable stablecoins, for instance, that pay over 100% positive interest just for holding them, for an asset thats locked to $1. I'm not kidding. Just go looking for it and you'll see. This is one of the reasons the government is going after it; they dont want you to have this much financial control over yourself. It removes their power).
and not dependent on the government.
The irony here, is the fed is attempting to take this same technology and build their own centralized blockchain and then force everyone to use it.
There are already independent tokens that can write code to stop you from using it in certain ways.
This has to be stopped. The bill to stop it must pass.
Its our top issue, above all others, control of what you do with your money.
Its the 1st and 4th amendment and self-ownership at stake.