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Sunday, October 10, 2021
CONTEXT: Edward Snowden on “Central Bank Digital Currencies”
A CBDC is a perversion of cryptocurrency, or at least the founding principles and protocols of it—a cryptofascist currency, expressly designed to deny you the basic ownership of your money by installing the State at the center of every transaction. https://t.co/720SYvqzZM
— Edward Snowden (@Snowden) October 9, 2021
Central Bank Digital Currencies or, as I like to call them, “slave money”, are a hot topic among globalists and other would-be slavers. Just imagine how wonderful it will be when your government can confiscate your cash remotely with the click of a mouse, control the things on which you can spend it, or keep you from spending it entirely if you have done something of which they disapprove. I have been warning about this ever since my “Unicard: Ubiquitous Computation, Global Connectivity, and the End of Privacy” paper in 1994, which was considered dystopian science fiction at the time.
In a few years, countries that aspire to economically enslave their populations won't even have to develop their own systems for doing so—they'll be able to buy it off the shelf as a turnkey system from China, integrated with the “social credit” system.
Posted at October 10, 2021 12:34