Calm down Jose. This is from defeat the mandates in 2022 @ 23:00. Trump has already banned CBDCs. Dont confuse "digital currency" with "Central bank digital currency". Bitcoins are digital currencies. Stablecoins are digital currency. None of them are CBDC.
Smart Anons will ask the important question. "Why is this out of context clip being circulated now?"
The one way that Bitcoin was supposed to undermine government control and grant freedom was that it was anonymous. It wasn't supposed to be possible to link blockchain transactions to the actual people who made them.
But Bitcoins have turned out to be fully traceable, and can do some of what a CBDC would do, especially as long as it has to coexist with fiat, creating the need for exchanges, which can track where your coins came from and decide whether you get to keep them when you attempt to cash out to fiat. Coins get seized all the time in this manner, and it's on you to prove that you're innocent, just like with civil asset forfeiture.
If people properly understood just how bad of a flaw complete traceability was, Bitcoin would become an obscure altcoin, of little more than historical significance.
I dont know where you are getting that from because Bitcoin was NEVER designed to be anonymous….it was ALWAYS designed to be traceable as it is a public ledger. This is to promote transparency. People who want transactions to be secret wont like that but it is a feature not a bug.
The lack of your real name attached to every transaction was assumed by everyone in the community to be enough to ensure anonymity. That ended when a certain company realized that it was feasible to infer way more than previously thought possible from the subset of transactions that were publicly identified.
The community was only flooded by people promoting this transparency as a virtue after that point.
Full transparency makes Bitcoin another surveillance technology, like social media. It works against you, not for you, unless you work for CIA/Mossad.
If it were to be used as a payment system then yes but no one really uses it for that anymore. Its a store of value now. Like digital real estate. And real estate transactions have always been public so i dont really have a problem with it in regards to Bitcoin but yes, a digital transaction system that were to be adopted as THE national payment system would need to be anonymous to some degree.
Bitcoin is the way of the future. Even without all the issues you have outlined, Bitcoin is simply not efficient to be used as currency.
In anycase, Trump managed to push anonymity as part of the Genius Act and will become part of the nextgen of cryptos. Of course, this also means we need to switch from KYC to something like zero knowledge proofs.
I think all the pieces are there, but the real question is, will the people be okay with the idea that some super criminal can keep using these currencies without ever being able to block them or track them. Imagine the nextgen of Soros using the next gen cryptos to openly fund terrorism in front of our face.
The question is, will the People have the strength to say "Yes, thats exactly what we want"
Cash is vulnerable to being seized if you're caught with more of it than some cop thinks you could have saved up.It doesn't even have to be actual criminal proceeds.
How did Robert Kennedy land on our side? Wow, even though I don't like the Democrat side of life, Kennedy certainly is a man who has good ideas that I can stand with. Eerie how he has moved towards the center because his party keeps moving waaaay left. This is one man whom President Trump has enlisted to run a massive agency, and yet his politics makes me scratch my head. He is a good choice and I'm glad he is speaking out against the machine.
He has picked up the mantle of his uncle - a true moderate Democrat that was concerned about personal liberty. A far cry from where the Democrat party is today. More and more moderate Dems are realizing that their party no longer represents their interests and are leaving - just like RFK. They may not be fully onboard with the Republican Party, but they certainly will not side with the Democrat Party any longer.
The Republicans are also in transition from what has been establishment GOP to something different - American first and MAGA. I was a Kennedy Democrat myself at one time and left when it started shifting too far left and Communist. It looks nothing like the Party did back when Kennedy was in office. Unfortunately, the Party died with him and Bobby. The Republican Party also has shifted over time and looks nothing like it did under Nixon and the Bushes.
I don’t think that technology is necessarily an inhibiting factor, I think people will always have a weakness in their armor. They do not suspect, resistance is never fully futile, there will always be the Julius Caesar getting stabbed in the back by people closest to them. It is the sinful state of man, even the evil killed the evil. The horrors of totalitarianism have always existed, and their control has always been great. Efficiency does rise with technology, though, so it can spread faster.
This is akin to taking the jab only it completely kills your freedom. We ALL need to refuse. If businesses all jump.on board we need to make them suffer for it. Also, the states needs to outlaw digital ID. Gov Ron? Getter done.
Did we put President Trump into office or did Q have a plan in motion a long time ago to build someone up to become the head of the revolution against the deep state and Trump was selected and when approached he said, "Sure". Then all Q had to do was manipulate enough voting machines and mail in ballots to get him elected. Trump is a good choice but I imagine there were other possibilities, yet for some reason they were put aside. But I am glad Q got Trump and he wanted to go along with the plan.
RFK is in transition. He is like so many other former Democrats that really don't have a home. What they don't realize is that even the Republican Party is also in transition from the old GOP to a more America First platform. The political landscape is in flux all while still using the old monikers that no longer define what those parties now represent. Every American must reevaluate whether the party they currently align with still represents their current positions on issues and their interests going forward while not locking themselves into histories of what once was.
Calm down Jose. This is from defeat the mandates in 2022 @ 23:00. Trump has already banned CBDCs. Dont confuse "digital currency" with "Central bank digital currency". Bitcoins are digital currencies. Stablecoins are digital currency. None of them are CBDC.
Smart Anons will ask the important question. "Why is this out of context clip being circulated now?"
We are not doing CBDC. UK might.
UK has bigger problems than CBDC for sure.
Certainly.
The one way that Bitcoin was supposed to undermine government control and grant freedom was that it was anonymous. It wasn't supposed to be possible to link blockchain transactions to the actual people who made them.
But Bitcoins have turned out to be fully traceable, and can do some of what a CBDC would do, especially as long as it has to coexist with fiat, creating the need for exchanges, which can track where your coins came from and decide whether you get to keep them when you attempt to cash out to fiat. Coins get seized all the time in this manner, and it's on you to prove that you're innocent, just like with civil asset forfeiture.
If people properly understood just how bad of a flaw complete traceability was, Bitcoin would become an obscure altcoin, of little more than historical significance.
I dont know where you are getting that from because Bitcoin was NEVER designed to be anonymous….it was ALWAYS designed to be traceable as it is a public ledger. This is to promote transparency. People who want transactions to be secret wont like that but it is a feature not a bug.
The lack of your real name attached to every transaction was assumed by everyone in the community to be enough to ensure anonymity. That ended when a certain company realized that it was feasible to infer way more than previously thought possible from the subset of transactions that were publicly identified.
The community was only flooded by people promoting this transparency as a virtue after that point.
Full transparency makes Bitcoin another surveillance technology, like social media. It works against you, not for you, unless you work for CIA/Mossad.
If it were to be used as a payment system then yes but no one really uses it for that anymore. Its a store of value now. Like digital real estate. And real estate transactions have always been public so i dont really have a problem with it in regards to Bitcoin but yes, a digital transaction system that were to be adopted as THE national payment system would need to be anonymous to some degree.
Bitcoin is the way of the future. Even without all the issues you have outlined, Bitcoin is simply not efficient to be used as currency.
In anycase, Trump managed to push anonymity as part of the Genius Act and will become part of the nextgen of cryptos. Of course, this also means we need to switch from KYC to something like zero knowledge proofs.
I think all the pieces are there, but the real question is, will the people be okay with the idea that some super criminal can keep using these currencies without ever being able to block them or track them. Imagine the nextgen of Soros using the next gen cryptos to openly fund terrorism in front of our face.
The question is, will the People have the strength to say "Yes, thats exactly what we want"
Cash is perfectly suitable for this kind of activity.
Cash is vulnerable to being seized if you're caught with more of it than some cop thinks you could have saved up.It doesn't even have to be actual criminal proceeds.
The state always gets theirs. Actually, I think they have too much cash...
And there in lies the catch. Lightning network increases speed but at the cost of security.
I think it’s pretty obvious. Stable coins as regulated by genius act.
Bitcoin is a no go because countries cannot issue treasuries backed by their assets or otherwise using bitcoin.
Bitcoin was a poison pill from day one, but it created enough appetite for freedom in people that now we are ready to move on to real solutions
Sorry that you will have a very hard time in future.
How did Robert Kennedy land on our side? Wow, even though I don't like the Democrat side of life, Kennedy certainly is a man who has good ideas that I can stand with. Eerie how he has moved towards the center because his party keeps moving waaaay left. This is one man whom President Trump has enlisted to run a massive agency, and yet his politics makes me scratch my head. He is a good choice and I'm glad he is speaking out against the machine.
He’s been part of the plan for longer than we know.
He has picked up the mantle of his uncle - a true moderate Democrat that was concerned about personal liberty. A far cry from where the Democrat party is today. More and more moderate Dems are realizing that their party no longer represents their interests and are leaving - just like RFK. They may not be fully onboard with the Republican Party, but they certainly will not side with the Democrat Party any longer.
Thank you for the reply. It kinda comforting to have other pedes show some light on the rift within the dem party.
The Republicans are also in transition from what has been establishment GOP to something different - American first and MAGA. I was a Kennedy Democrat myself at one time and left when it started shifting too far left and Communist. It looks nothing like the Party did back when Kennedy was in office. Unfortunately, the Party died with him and Bobby. The Republican Party also has shifted over time and looks nothing like it did under Nixon and the Bushes.
He was a definitely strange choice but you cross the bridge when someone has good idea.
I will choose starvation
Choose to create and black market. Starvation is hard.
I don’t think that technology is necessarily an inhibiting factor, I think people will always have a weakness in their armor. They do not suspect, resistance is never fully futile, there will always be the Julius Caesar getting stabbed in the back by people closest to them. It is the sinful state of man, even the evil killed the evil. The horrors of totalitarianism have always existed, and their control has always been great. Efficiency does rise with technology, though, so it can spread faster.
Here lies the difference between the red pill and the black pill.
We will get there one day but not today. Not yet.
This is akin to taking the jab only it completely kills your freedom. We ALL need to refuse. If businesses all jump.on board we need to make them suffer for it. Also, the states needs to outlaw digital ID. Gov Ron? Getter done.
I resist the jab, I will resist this too.
Look..
This is what we put Trump in office for. To LEAD the voice against this.
Yes. He kept his promise also. Know those president who said something on the campaign trail and then turned around and did the opposite? I remember.
Did we put President Trump into office or did Q have a plan in motion a long time ago to build someone up to become the head of the revolution against the deep state and Trump was selected and when approached he said, "Sure". Then all Q had to do was manipulate enough voting machines and mail in ballots to get him elected. Trump is a good choice but I imagine there were other possibilities, yet for some reason they were put aside. But I am glad Q got Trump and he wanted to go along with the plan.
The weirdest thing about RFK Jr is how he offered to shill for CommieLa before joining Trump.
Oh he was a wild thing.
RFK is in transition. He is like so many other former Democrats that really don't have a home. What they don't realize is that even the Republican Party is also in transition from the old GOP to a more America First platform. The political landscape is in flux all while still using the old monikers that no longer define what those parties now represent. Every American must reevaluate whether the party they currently align with still represents their current positions on issues and their interests going forward while not locking themselves into histories of what once was.