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.
Anything digital can be hacked.
Blockchains are usually pretty unhackable. The only time you hear of Bitcoin being stolen is when someone lets an exchange hold their Bitcoin for them, and the exchange has a flaw in its security. To my knowledge no one has ever successfully hacked the Bitcoin blockchain directly.
It depends on your worldview. If you believe that DARPA has technology beyond what we know, specifically in cryptography, especially if they have access to next generation computing power, then breaking the crypto algorithms that govern the bitcoin wallets would be the most straight forward way to "hack" it.
Beyond this, there are tons of other ways in which blockchains can be taken control of. With bitcoin, if you control more than 50% of the computation power of all nodes you have a lot of control.
Additionally, the exchanges provide a different level of control by allowing creating "ghost" coins. The last point is so obvious that I can boldly make a generalized comment. Unless everyone learns it deep in their hearts that digital currencies should always remain in your wallet and never stored on an exchange - no matter how secure the currency itself is, it is already under the control of the Elites.
Good point. That could be our role, to constantly remind people how to properly use crypto and keep it secure.
You can buy secure crypto wallets at best buy.
The issue is a clear and focused incentive for using crypto;
That is what will get lazy americans to stop using dirty fiat shitcoins.
One clear and obvious incentive to tell your friends about; high yield stablecoins.