Posted on 10/13/2023 10:29:14 AM PDT by MtnClimber
That’s why only Central Banks can create digital currencies
The Fed recently put out a white paper, Data Privacy for Digital Asset Systems, which contends that the expectation of privacy in digital currencies (read: CBDCs) stems from misunderstanding how digital systems work.
“Concepts such as the desire for ‘cash-like anonymity’ are based on false underlying assumptions.”, is the crux of it (quick, somebody tell the Monero team, and everybody else already deploying anonymizing protocols and applications for digital assets).
The subtext is that there can be some privacy and confidentiality safeguards built into CBDCs, but at the end of the day those would still be subject to being overridden or dispensed with. The paper doesn’t come out and say that, but it does make oblique references:
“confidentiality implies that collected and stored data is protected from view in some manner, such as obfuscation or access restriction, and available only to authorized actors.”
Which of course makes you wonder who exactly will be authorized and what will their capabilities be? It truly is the trillion dollar question.
WEF: “Hold my beer”
If we keep this paper in mind while we consider the World Economic Forum’s recent article on digital currencies, privacy and freedom, which put a finer point on it, while paying lip service to the desire for privacy in those characteristic WEF-speak euphemisms:
“A digital cash replacement should not enable criminality, but there should be some freedom to transact with complete privacy.”
“Some freedom” implies that any freedom will be subject to approval, because either you have complete freedom, or you don’t.
“Some freedom” coming from the WEF especially, sounds a lot like their “Life in 2030” vision, which is mostly known for point #1: “You’ll own nothing and be happy”.
Point #4 is “You’ll eat much less meat. An occasional treat, not a staple. For the environment, and for your health”.
In other words, according to the WEF, digital currencies will afford some privacy and some freedom. Just like how in 2030 you’ll be able to eat some meat. (As long as you behave.)
Throughout the piece the impetus toward digital currencies is ascribed to consumer preferences for convenience – that nation states and NGOs (including the WEF) are relentlessly pushing us there, along with digital IDs and health passports, is never mentioned....
I think credit card companies are already tracking transactions. I wonder how they can force people to use digital IDs and health passports.
World Enslavement Forum.
Exactly.
Exactly. But, I don’t think I will be a very good slave.
How are CC companies not charged with usury?
“credit card companies are already tracking transactions”
A while ago I needed a mastercard record from 3 years back. They had it. Dunno how long records are kept.
Sufficient political donations.
SOX is 7 years, I think.
The problem is that transactions are tagged with "codes" that show transaction types. Probably AI activity to analyze things about you that are none of their business.
Well, I believe the WEF can go bleep themselves.
This is concerning.
I’d like to see Davos taken out by muzzies.
Bank lobbyists and State Legislatures.
You think you'll have the choice to be a bad slave?
Yeah, and the ones in charge are US. As was said on the “Outer Limits” TV show, “we will control the horizontal, we will control the vertical”.
Good to know, though with computers, records can be kept for almost forever.
A mafia loan is at a lower percentage.
The WEF is EXTREMELY interested in bleeping you [and most everyone else].
s’ok, i have several of my own Freedom Dispensers...
wi several sizes and velocities of freedom
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