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The Coming Digital Fiat Panopticon: How To Opt Out Of Financial Slavery And Become A Sovereign Individual
Central Banks around the world are busy studying and preparing to launch their own digital currencies. These digital fiat coins are commonly referred to as Central Bank Digital Currencies, or CBDCs for short.
You might be wondering what this means for cryptocurrencies and if these Central Bank coins are a threat to the nascent, rapidly growing Blockchain Ecosystem.
The idea of CBDCs is hardly new. The concept was first suggested by American economist James Tobin in 1987.
It might surprise you that the CBDC idea is that old, but it simply goes to show that our current financial system is like an ossified dinosaur - ripe for change.
Is it any wonder that the legacy financial system runs on technology from the 1960‘s and the 1970‘s?
Even though the concept of a CBDC has been technologically feasible for at least two decades, nothing happened at all until Satoshi Nakamoto, with a single new idea, practically forced governments to respond.
Let‘s examine CBDCs and their implementation in more detail.
It‘s important to understand that CBDCs are the most powerful weapon in the government‘s war against freedom. They are simply a totalitarian nightmare.
Privacy is essential to autonomy and the protection of human dignity.
It is a fundamental human right.
Privacy establishes boundaries and protects us from unwarranted interference in our lives. Privacy lets us decide who we are and how we want to interact with the world around us.
It‘s crucial to protect us from arbitrary use of force by governments, companies and anyone else who might want to exert control over us.
Privacy is the root of all other rights, such as property rights, for example.
The common argument “if you have nothing to hide, you have nothing to fear“ literally stems from Nazi Minister of Propaganda Joseph Göbbels. And we all know how that ended...
CBDCs are an orwellian, digital panopticon, completely destroying all privacy. They allow the government to track literally everything you do.
Everything you own and every single one of your transactions will be known.
What you buy, where you buy it, from whom you buy it. Whom you transfer money to.
With CBDCs, every single transaction happens directly within the government‘s database. Big Brother is always watching and you‘ll have zero privacy. (“And you‘ll be happy.“ as sociopath Klaus Schwab would add here.)
However, no longer being able to keep certain purchases or relationships private will be the least of your concerns.
If you don‘t go along with the party line, and instead take off your blinders - and god forbid think for yourself - you will eventually be labeled a dissident.
CBDCs make it trivial to target political enemies. The silencing anyone questioning the status quo is only a matter of time.
CBDCs are also a nifty tool when it comes to taxation.
No longer will you be required to calculate or file anything. Your friendly government already knows everything about your finances and will simply debit its “fair share“.
Beyond taxation, governments will use CBDCs for behavioral economics. They can literally airdrop stimulus money to certain demographics or economic sectors.
CBDCs allow for directed consumption, making money valid only for certain products or services.
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