So now Central Bank Digital Currencies are a good thing?
F' me
You would have to have lived under a rock for the last several years to think this will not be turned against us. Once it is in place, there is no turning back. No matter how abused it becomes, there will be no way to turn it back.
I didn't say anything about a magnanimous dictatorship. Not sure what you're talking about.
They are already in control of the monetary system and they know that it is dying, so they've engineered the destruction of their own system in order to create a temporal zero point with which they intend to easily replace the old system with their new system. White hats can hijack this coming zero point in order to institute a free market system. The only known way to do that is crypto. Unless you got a better idea.
"Crypto is the only known way to institute a free market system" is an assertion that has no argumentation supporting it.
North's comment is pointing to the fact that once that system of control actually exists, it cannot be turned. Therefore, the only viable course is to ensure that the system of control (CBDC) never comes into being in the first place.
You say it is 'against us by default'. That doesn't mean that the system of control is achieved or anything other than a potential at the moment.
Your comment implies that a CBDC can be established that is NOT about control. Perhaps you don't really know what CBDC means. It means one central entity controls that currency 100%.
Cryptos can and have been completely shut down in some nations. Cryptos in an of themselves are not a solution.
So now Central Bank Digital Currencies are a good thing?
F' me
You would have to have lived under a rock for the last several years to think this will not be turned against us. Once it is in place, there is no turning back. No matter how abused it becomes, there will be no way to turn it back.
It's against us by default. Really the only hope is to turn this and other systems of control against them.
Really? So.... magnanimous dictatorship or evil dictatorship... the only two choices?
The only reason to turn the systems of control against them would be to then remove the systems of control altogether.
I didn't say anything about a magnanimous dictatorship. Not sure what you're talking about.
They are already in control of the monetary system and they know that it is dying, so they've engineered the destruction of their own system in order to create a temporal zero point with which they intend to easily replace the old system with their new system. White hats can hijack this coming zero point in order to institute a free market system. The only known way to do that is crypto. Unless you got a better idea.
A few thoughts.
Crypto does not equal CBDC.
"Crypto is the only known way to institute a free market system" is an assertion that has no argumentation supporting it.
North's comment is pointing to the fact that once that system of control actually exists, it cannot be turned. Therefore, the only viable course is to ensure that the system of control (CBDC) never comes into being in the first place.
You say it is 'against us by default'. That doesn't mean that the system of control is achieved or anything other than a potential at the moment.
Your comment implies that a CBDC can be established that is NOT about control. Perhaps you don't really know what CBDC means. It means one central entity controls that currency 100%.
Cryptos can and have been completely shut down in some nations. Cryptos in an of themselves are not a solution.