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 already have the ability to be a bad slave.
Hah!! So true. That POS Klaus Schwab wants to be the master.
The individual must be the master of his own freedom.
Klaus also said forget fashion in 2025 because everyone will wear Uniforms
Who elected Klaus Schwab to anything? I never got to vote for or against this asswipe.
WEF can go sit on meatpole. Taking my freedom directly will cost them their life.
There is privacy in cash. There has always been privacy in net worth. Our government is trying to end this privacy. Bitcoin was a way to do it. But our government wants to know how much money you have and where it is.
Doctors will be required to withold treatment for uncooperative patients. Already happening. I went for my yearly in July. I get a note from the practice that it’s no longer a phydical. It’s a medicare subsequent. My PCP can’t even explain it. My exam starts with her med asst asking me the usual questions: can I cook for myself, drive, do house hold chores. Then she asks a few new questions. What race am I, what pronouns do I use
I just say “ next question”. She leaves and the doc comes in, all apologetic. Medicare won’t let her do the physical unless the questions are answered and my plan will refuse to pivk up the difference in cost. She knew ehat I would do next and said that silly or nonsensical answers won’t be accepted either. She was as disturbed as I was but was helpless to do anything. She couldn’t even order the rouyine tests or labs for me. So I relented. That’s the very near future. It’s about money and who controls it. It’s always been about that. Just the controllers have changed. C.S Lewis was spot on a century ago.
And Kalus and a few elites are up to the challenge, huh?
Ruled by psychopaths in Cluster A, B and C disorders for inclusiveness.
+1
There goes that highbrow European dynastic dumbfunnies again!
They just cannot get rid of the feudal family gene, or that hidden brownshirt in grandpa’s trunk!
This why Europe will never be completely rid of any heirarchy .they hold up their antiquated, obsolete , and the reason for so darn many wars familial kissbutts.
Do I sound anti-monarchal? do bears bear? do bees bee?
Fred Uncle Charlie Kste YES!!
C’mo man, too simple,
You go to your bank one day for cash to find out that it is now CBDC.
-fJRoberts-
Redundant servers probably keep some things around forever whether intentional or accidental.
And you have to be approved in advance for all purchases.
Bleep
Bump
Hi.
Don’t know if this action will make a difference, but someone should shoot Charles Schwab.
IMHO.
5.56mm
I support the russian solution to the WEF.
“You go to your bank one day for cash to find out that it is now CBDC.”
The banker goes to the bank one day and finds no bank.
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