Cryptocurrency: Your Life Under CBDCs and GovCorp Coins

[grarpamp]

In case you were wondering what life under a CBDC will look like...

https://bombthrower.com/articles/gofundme-just-proved-bitcoins-use-case/

https://bombthrower.com/articles/nation-states-are-more-fragile-now-than-ever-before/
https://bombthrower.com/articles/wait-why-is-the-fed-buying-my-biggest-competitors-bonds/
https://www.youtube.com/watch?v=m7YJgj57Css
https://nypost.com/2020/06/25/blm-co-founder-describes-herself-as-trained-marxist/
https://bombthrower.com/articles/get-used-to-living-under-subsidiarity-after-the-great-reset/
https://bombthrower.com/articles/the-metaverse-is-a-scam/
https://archive.fo/A0Exy
https://lpeproject.org/wp-content/uploads/2021/01/Peoples.Ledger.DRAFT_.pdf
https://www.bankofcanada.ca/wp-content/uploads/2021/07/sdp2021-11.pdf

By now, everybody is probably aware of the Canadian #FreedomConvoy and
how GoFundMe, at the behest of the Mayor of Ottawa and Justin Trudeau,
summarily closed their fundraiser, which had exceeded $10 million.
They also announced that they would literally redistribute funds to
other “approved charities”. Those those approved charities would
presumably be those mentioned by name by the likes of Trudeau (like
the avowedly Marxist BLM, who have fundraising issues of their own
owing to lack of financial transparency).

This kind of incident is a microcosm of exactly why the world needs
Bitcoin, decentralized crypto-currencies and communications protocols.

Because we now live in a world run by collectivist technocrats. They
sincerely think that what they believe should be rules and what you or
I believe should be thought crimes.

On its own this would be merely annoying, having to perpetually deal
with shrill, sanctimonious hysterics, perpetually shrieking in your
face about things they want you to think and how they want you to
live.

But it’s a problem when these people congregate around the
choke-points of a centralized, bureaucratic technocracy and impose
their personal neuroses onto the rest of society. Not only as policy,
but as official canon on what is truth itself.

The final straw is when dissent is criminalized and plunder
legitimized. When all actions against those dissenters are fair game,
while any civil (and constitutionally protected) resistance is by
definition reprobate, then we have arrived in dystopia. At the very
least: authoritarianism.
Reality will always intrude…

The Fourth Turning people observe that the generational cycles
oscillate between individuality and collectivism. By extension, right
now we’re in a phase of peak collectivism. They’re not wrong, but I
think that misses the overall progress of humanity. On a scale of
individual autonomy and empowerment, the long term trajectory is
always “up and to the right”.

Anybody reading Rothbard or Hayek knows that the construct of The
State is more accurately a racket whereby small cadres of
self-anointed elites appoint themselves the overlords of the masses.
Rigging society so that the vast bulk of wealth accrues to themselves
and any attempts by the rabble to defend their own interests
increasingly fall outside the scope of what is permissible.

Slavery, let’s call it for what it is, became more subtle over the
centuries. Physical slavery, the treatment of other people as property
is now universally abhorred and those who undertake it regarded as
criminals (except for everybody who fraternized with Jeff Epstein).

In the industrial era slavery had evolved into economic slavery. Debt
is what kept the underclass in line and the entire monetary system was
designed to perpetuate it. The thin scab of elites that formed The
Establishment were by and large Cantillionaires for whom the rules
were specifically constructed to benefit at the expense of wider
society.

Via Wait, why is The Fed buying my largest competitors’ bonds?

In the information era, the elites need a different type of slavery.
It needed to be digitized. But their problem is that the inexorable
push toward wider autonomy and freedom for all humanity threw them a
curveball called “decentralization”.

As described so presciently in the Holy Bible of Crypto, with digital
communications technology and encryption, the fundamental architecture
of power changed, irrevocably.

Even though globalist elites convene at places like Davos to reimagine
everybody else’s future, they are still thinking in terms of linear
extrapolations the past. While they promise transhumanist utopias in a
largely made-up metaverse to industrial era debt serfs, the actual
action in human affairs is happening out here in The Real World.
Cryptographically Secured Hard Money Changes Everything

Elitist shills like Paul Krugman, et al, fail to successfully
marginalize crypto using the same tired tropes (climate hysteria,
criminals, right-wing, etc), thankfully to no real avail.

When all else fails they finally adjust their blinders and fall back
to “there’s no use case”, that Bitcoin

    “manages both to seem futuristic and to appeal to old-style
goldbug fears that the government will inflate away your savings … So
crypto has become a large asset class even though nobody can clearly
explain what legitimate purpose it’s for.”

Really?

GoFundMe just showed us two elite-class aspirations in one fell swoop:
Confiscation and redistribution.
Needless to say Bitcoin fixes this.

Today it is GoFundMe. In the future, when central banks roll out
Central Bank Digital Currencies (CBDCs), it’ll be all economic
activity that falls within the purview of national and Supra-national
government and bureaucracy.

When those days arrive, everybody who will be reliant on government
economic entitlements will be enduring a type of neo-Fuedalism:
veritably digital slavery.

Those MMT-ers who are promising you a cost-free UBI maybe not even
realize themselves what the trade-offs will be that will come with it
(aside from skyrocketing debt levels and hyper-inflation). Those will
be the social credit hooks which will invariably be built into the
CBDCs (or maybe it’s not a trade-off but a feature).

Biden’s failed nominee for Comptroller of the Currency authored a
white paper called “The People’s Ledger” which called

    “[for] a comprehensive reform of the structure and systemic
function of the Fed’s balance sheet as the basis for redesigning the
core architecture of modern finance. In essence, it offers a blueprint
for democratizing both access to money and control over financial
flows in the nation’s economy.”

Sounds benign, but what it really did was outline a blueprint for the
complete takeover of the private banking system and would bake-in
protocols for a compulsory investments and arbitrary deposits and
withdrawals

Omarova’s run at the position is finished. Don’t think for a second
the sentiment behind her People’s Ledger is.

But since we’re talking about Canada’s #FreedomConvoy, we can look at
how the Bank of Canada’s white paper on CBDCs expresses enthusiasm
around the same capabilities of “Smart contracts and the benefits of
programmability”:

    Although still early in their development, smart contracts could
enable entirely new digital economy applications with many potential
benefits. To start, smart contracts could enable programmable money by
adding certain attributes to it. For example, money could be
programmed to gain or lose value over time, or it could be programmed
to be used in transactions for only specific goods or services.
Furthermore, smart contracts can enable programmable
payments—automated payments that are executed after certain conditions
are met. These can range from simple push payments to more complex
ones. For instance, smart contracts could enable automatic routing of
tax payments to authorities at the point of sale, pay-as-you-go
insurance or payments that can support IoT applications.

Sounds generic and non-biased enough. However take a look around.
Those “certain attributes” and “certain conditions” may well end up
being things like what Justin Trudeau, or whomever replaces zim thinks
about your activities (or “unacceptable opinions”).

Donating to #FreedomConvoy? Listening to Joe Rogan Experience? Those
aren’t approved activities. That’ll cost you some demerits.

You may not even know it’s happening, just that the GovCoin that hits
your phone every month is not as much those other, more compliant,
people. Or when you go to spend it, the prices adjust to different
levels. That’s if  your GovCoin app even allows you to complete the
purchase, after evaluating it against a scorecard devised by woke
ideologues who think you’re fringe.
As for #GoFraudMe

The company initially put the onus on those who donated to request a
refund, and would thereafter redistribute the convoy’s money to other
approved charities.  Given the pushback (it’s basically theft), they
have since announced they would refund all donations.

Personally, I will never donate via GFM again, not out of some
cancel-culture based spite, but because they are demonstrably
unreliable and willing to change the game on-the-fly (something that
can’t happen in crypto).

>From now on whenever anybody asks to raise money via GFM just tell
them you’ve love to help, but given their past actions you have no
assurances that your donation would actually go to its stated purpose.
Instead of going toward helping some child with her cancer treatment
it may simply be confiscated and sent to Greta Thunberg instead.

Offer to mail them a cheque directly or even better: send them some
Bitcoin or other crypto.