CBDCs are entering the public consciousness. What the powers that be can and can't do to stop competing cryptocurrencies from a technological perspective and how I think it plays out from here.
Interesting stuff. Hubby, and for the most part myself as well, has long held the view crypto currency is a deep state trap. We are certainly going to see that with the bankers digital currency coming soon (if it all goes their way.)
While I struggle daily to be a glass-half-full kinda gal and not sink into a chronic doom loop, part of me can’t help but wonder if those who rule over us DO indeed have the capacity to shut off the internet, thus destroying all crypto for most of humanity, while they’ve set up separate access means which only the wealthy and powerful will still have. We know they plan to do this kind of thing with all other resources as a part of their Not-so Great Reset. Food, housing, energy, freedom of movement, etc. The old “rules for thee but not for me” playbook they love so well.
They did let the horse out of the barn with the internet, and the fact we still have access to information that isn’t STATE controlled propaganda must infuriate them daily. Kill two birds with one stone if they shut that off for the plebes. I’ve no technological smarts to back up my worrying suspicion and mostly hope I’m wrong. But I did just comment on another article of yours that an EMP blast would have an upside of sorts as far as cutting the leash that the cell phones have become on our ability to interact and connect to one another and the parts of life outside of the digital realm that are vastly more important for our well-being.
Thanks again for another thought provoking read. I appreciate them.
First, thanks for reading and great comment. Let me challenge the first point. The deep-state/psyop theory is something that I definitely considered early on. Here's why I ultimately decided it's probably wrong:
1) Cypherpunk ethos - the people who started working on all of these cryptographic digital monies just don't align philosophically with dystopian, power hungry overlords. They are far more libertarian leaning. They're into data security and privacy. Bitcoin was born out of that community. I think it would be incredibly difficult to fake that or infiltrate that community just to plant a trojan horse cryptocurrency. But let's pretend for a moment that infiltrating that scene somehow happened and whoever Satoshi Nakamoto really is actually did have nefarious goals. Planting the BTC trojan horse has required a decade and a half of planning without blowing cover.
2) Competently planning something that big for that long seems unlikely as a government or shadow-government body. Expecting that kind of competency might be giving world leaders with power too much credit. In this very article, FDR couldn't even wait a year before diluting all of the dollars he exchanged for Gold. If you believe the virus was a WEF-planned event, it took less than 6 months after the Event 201 virus simulation for the real thing to be deployed. These are not people who always exhibit finesse. The exception here might be China and Russia stacking Gold a decade in advance of what is happening now in geopolitics. But China's social credit system is literally the embodiment of what we all fear from CBDCs. China kicked all Bitcoin mining operations out. Why? Because the government can't control that blockchain. BTC is the enemy of CBDC because it is permissionless.
3) The crypto psyop theory makes sense if Bitcoin came before dollars were digitized. But it's actually the other way around. Crypto exists because money was already digital. Over 90% of the dollars in existence aren't printed. Most people very rarely engage with physical cash at this point. Point is, you don't need a digital currency psyop to get people used to a cashless society. Most people are already there.
And that brings us to the digital dollar. It has been made clear by the monetary actions out of Canada and domestically that we don't actually own our bank deposits. Gold is a great escape valve. Silver is a great escape valve. And I believe crypto is also a great escape valve. I've said on this site many times it's unwise to put all your chips in on one bet. The same applies here. Would I ever recommend putting more than 5% of your wealth in crypto? For most people, no I wouldn't. But I don't think avoiding it altogether is a good call either.
In the calamity situation you described, food, seeds, water, and self defense are the highest on the priority list. The rest of this stuff just has utility as barter.
Finally, be glass half full!! The last two years have been difficult for everyone and I'm definitely of the opinion that the next 5 or so aren't going to be much better. But there is a such thing as Doomer Optimism - this is a rational existence in my view. Face the reality of the situation. Accept that things are breaking at a global scale. And prepare to be really uncomfortable for a bit. Do that, and you'll be well positioned for whatever the hell comes after.
"Nothing I'm gonna say is gonna make you feel any better it's just gonna suck for a while and then you'll be fine." - Will Emerson (Margin Call)
Interesting stuff. Hubby, and for the most part myself as well, has long held the view crypto currency is a deep state trap. We are certainly going to see that with the bankers digital currency coming soon (if it all goes their way.)
While I struggle daily to be a glass-half-full kinda gal and not sink into a chronic doom loop, part of me can’t help but wonder if those who rule over us DO indeed have the capacity to shut off the internet, thus destroying all crypto for most of humanity, while they’ve set up separate access means which only the wealthy and powerful will still have. We know they plan to do this kind of thing with all other resources as a part of their Not-so Great Reset. Food, housing, energy, freedom of movement, etc. The old “rules for thee but not for me” playbook they love so well.
They did let the horse out of the barn with the internet, and the fact we still have access to information that isn’t STATE controlled propaganda must infuriate them daily. Kill two birds with one stone if they shut that off for the plebes. I’ve no technological smarts to back up my worrying suspicion and mostly hope I’m wrong. But I did just comment on another article of yours that an EMP blast would have an upside of sorts as far as cutting the leash that the cell phones have become on our ability to interact and connect to one another and the parts of life outside of the digital realm that are vastly more important for our well-being.
Thanks again for another thought provoking read. I appreciate them.
First, thanks for reading and great comment. Let me challenge the first point. The deep-state/psyop theory is something that I definitely considered early on. Here's why I ultimately decided it's probably wrong:
1) Cypherpunk ethos - the people who started working on all of these cryptographic digital monies just don't align philosophically with dystopian, power hungry overlords. They are far more libertarian leaning. They're into data security and privacy. Bitcoin was born out of that community. I think it would be incredibly difficult to fake that or infiltrate that community just to plant a trojan horse cryptocurrency. But let's pretend for a moment that infiltrating that scene somehow happened and whoever Satoshi Nakamoto really is actually did have nefarious goals. Planting the BTC trojan horse has required a decade and a half of planning without blowing cover.
2) Competently planning something that big for that long seems unlikely as a government or shadow-government body. Expecting that kind of competency might be giving world leaders with power too much credit. In this very article, FDR couldn't even wait a year before diluting all of the dollars he exchanged for Gold. If you believe the virus was a WEF-planned event, it took less than 6 months after the Event 201 virus simulation for the real thing to be deployed. These are not people who always exhibit finesse. The exception here might be China and Russia stacking Gold a decade in advance of what is happening now in geopolitics. But China's social credit system is literally the embodiment of what we all fear from CBDCs. China kicked all Bitcoin mining operations out. Why? Because the government can't control that blockchain. BTC is the enemy of CBDC because it is permissionless.
3) The crypto psyop theory makes sense if Bitcoin came before dollars were digitized. But it's actually the other way around. Crypto exists because money was already digital. Over 90% of the dollars in existence aren't printed. Most people very rarely engage with physical cash at this point. Point is, you don't need a digital currency psyop to get people used to a cashless society. Most people are already there.
And that brings us to the digital dollar. It has been made clear by the monetary actions out of Canada and domestically that we don't actually own our bank deposits. Gold is a great escape valve. Silver is a great escape valve. And I believe crypto is also a great escape valve. I've said on this site many times it's unwise to put all your chips in on one bet. The same applies here. Would I ever recommend putting more than 5% of your wealth in crypto? For most people, no I wouldn't. But I don't think avoiding it altogether is a good call either.
In the calamity situation you described, food, seeds, water, and self defense are the highest on the priority list. The rest of this stuff just has utility as barter.
Finally, be glass half full!! The last two years have been difficult for everyone and I'm definitely of the opinion that the next 5 or so aren't going to be much better. But there is a such thing as Doomer Optimism - this is a rational existence in my view. Face the reality of the situation. Accept that things are breaking at a global scale. And prepare to be really uncomfortable for a bit. Do that, and you'll be well positioned for whatever the hell comes after.
"Nothing I'm gonna say is gonna make you feel any better it's just gonna suck for a while and then you'll be fine." - Will Emerson (Margin Call)