When you don’t realize that you are the problem bad things can happen. It makes no difference if you are a legacy owner of a business or a central banker. People can be their worst enemies at times. Not to mention participating in the purest definition of insanity.
Doing the same thing over again thinking this time will be different is no way to live. It also contributes to group think and yes men parading ideas that are no longer relevant. And right now this talk of central banker controlled digital money is making the rounds within media circles.
Of course the media will try to sell this idea to the public since it continues the same policies that are hurting the average person economically. I’m continually hearing that putting the purse strings in the politicians hands will help the economy. Yet, isn’t that what we currently have already?
It’s the same economic principles of political control yet in a digital form. This digital form could create a whole host of issues for an unsuspecting public. And if you become an enemy of the State say good bye not only to your life savings but access to the digital money system.
Now maybe I’m being extreme. Yet, giving politicians full control to track every transaction is an Orwellian nightmare and not good for freedom. People break laws and I get that. But so do public officials.
Let us not forget the true purpose of CBDC’s; control. Many officials are saying people will save on transaction fees or poor people will get access. Yet, the price of a loss of financial freedom does not justify this products existence. In fact, it is the poster child for why blockchain was invented in the first place.
And frankly the market already has digital currency; blockchain. Not to mention multiple cryptocurrencies to choose from. So instead of the people being continuously watched the marketplace can trade freely. And enjoy the privacy since it is our value and not the States.
Now I can get into to a whole host of issues as it pertains to going full on cashless. But you get the general idea. This is about control and surveillance. It’s also about the legacy system attempting to stay relevant.
Fortunately many in the economy are seeing past the central banking nonsense. Politicians and bankers have sold the entire world 100 times over. And they would sell it all again to continue the gravy train. Blockchain fixes this.
Yet, now the people must decide if they want financial liberty or a digital gulag. Blockchain offers us freedom and financial privacy. Although no system is perfect it essentially insulates us from people to whom don’t have our best interest at heart.
These issue aren’t going anywhere anytime soon. When tyrants start to lose control they tend to grasp for whatever power they can maintain. Remember this is not about innovation or giving to poor people. The legacy system wants to stay the same.
If they wanted innovation we would have had it already. Instead, they are using ideas and tools that work for certain people while everyone else is left out. And think about all the billions spent helping poor people yet our society’s wealth gap continues to expand.
My advice to all crypto enthusiasts is to stay vigilant. As bitcoin continues it’s rise more of the FEDcoin talk will fill the airways. This is no accident. More control is what they seek.
Yet, what they don’t realize is we have become the bank. The full potential of decentralization is now going to be realized for the entire world to witness. Many of us have been conditioned to believe that the fiat system is the only way to wealth. Bitcoin is teaching us that it is not.
So the centralized controllers can put lipstick on their decree yet miss the entire point of crypto. The entire premise is for the people to be in control of not only their private keys but their wealth as well. Many of the legacy system leaders have become blinded by greed and their insatiable appetite for control.
And instead of giving power back to the people they seek to gain more of it. Again, this has been done many times throughout history. Blockchain will fix this…without permission.