Anonymous ID: 2f33f1 Oct. 11, 2021, 1:30 a.m. No.14764179   🗄️.is 🔗kun   >>4180 >>4386

https://www.zerohedge.com/markets/snowden-your-money-and-your-life

Snowden: Your Money AND Your Life (CBDC / Central Bank Digital Currency)

 

Submitted by Edward Snowden via Continuing Ed,

  1. This week's news, or “news,” about the US Treasury’s ability, or willingness, or just trial-balloon troll-suggestion to mint a one trillion dollar ($1,000,000,000,000) platinum coin in order to extend the country’s debt-limit reminded me of some other monetary reading I encountered, during the sweltering summer, when it first became clear to many that the greatest impediment to any new American infrastructure bill wasn’t going to be the debt-ceiling but the Congressional floor.

 

That reading, which I accomplished while preparing lunch with the help of my favorite infrastructure, namely electricity, was of a transcript of a speech given by one Christopher J. Waller, a freshly-minted governor of the United States’ 51st and most powerful state, the Federal Reserve.

 

The subject of this speech? CBDCs—which aren’t, unfortunately, some new form of cannabinoid that you might’ve missed, but instead the acronym for Central Bank Digital Currencies—the newest danger cresting the public horizon.

 

Now, before we go any further, let me say that it’s been difficult for me to decide what exactly this speech is—whether it’s a minority report or just an attempt to pander to his hosts, the American Enterprise Institute.

 

But given that Waller, an economist and a last-minute Trump appointee to the Fed, will serve his term until January 2030, we lunchtime readers might discern an effort to influence future policy, and specifically to influence the Fed’s much-heralded and still-forthcoming “discussion paper”—a group-authored text—on the topic of the costs and benefits of creating a CBDC.

 

That is, on the costs and benefits of creating an American CBDC, because China has already announced one, as have about a dozen other countries including most recently Nigeria, which in early October will roll out the eNaira.

 

By this point, a reader who isn’t yet a subscriber to this particular Substack might be asking themselves, what the hell is a Central Bank Digital Currency?

 

Reader, I will tell you.

 

Rather, I will tell you what a CBDC is NOT—it is NOT, as Wikipedia might tell you, a digital dollar. After all, most dollars are already digital, existing not as something folded in your wallet, but as an entry in a bank’s database, faithfully requested and rendered beneath the glass of your phone.

Neither is a Central Bank Digital Currency a State-level embrace of cryptocurrency—at least not of cryptocurrency as pretty much everyone in the world who uses it currently understands it.

 

Instead, a CBDC is something closer to being a perversion of cryptocurrency, or at least of the founding principles and protocols of cryptocurrency—a cryptofascist currency, an evil twin entered into the ledgers on Opposite Day, expressly designed to deny its users the basic ownership of their money and to install the State at the mediating center of every transaction.

 

  1. For thousands of years priors to the advent of CBDCs, money—the conceptual unit of account that we represent with the generally physical, tangible objects we call currency—has been chiefly embodied in the form of coins struck from precious metals. The adjective “precious”—referring to the fundamental limit on availability established by what a massive pain in the ass it was to find and dig up the intrinsically scarce commodity out of the ground—was important, because, well, everyone cheats: the buyer in the marketplace shaves down his metal coin and saves up the scraps, the seller in the marketplace weighs the metal coin on dishonest scales, and the minter of the coin, who is usually the regent, or the State, dilutes the preciosity of the coin’s metal with lesser materials, to say nothing of other methods.

The history of banking is in many ways the history of this dilution—as governments soon discovered that through mere legislation they could declare that everyone within their borders had to accept that this year’s coins were equal to last year’s coins, even if the new coins had less silver and more lead. In many countries, the penalties for casting doubt on this system, even for pointing out the adulteration, was asset-seizure at best, and at worst: hanging, beheading, death-by-fire.

Anonymous ID: 2f33f1 Oct. 11, 2021, 4:13 a.m. No.14764469   🗄️.is 🔗kun   >>4472 >>4474 >>4488

>>14764453

At least Windows doesn't force Marxist SJW code of conduct onto all developers.

 

https://www.kernel.org/doc/html/latest/process/code-of-conduct.html

muh "freedom"

 

Anything that does this shit is dead to me. What's next? Everyone needs to use their correct pronouns xi and mi plus *ni?

Anonymous ID: 2f33f1 Oct. 11, 2021, 4:19 a.m. No.14764480   🗄️.is 🔗kun   >>4487 >>4498

>>14764472

It's not everywhere.

 

The open source project that I work on, well lefties tried to push it in as well, but the lead told them to fook off. And I'm proud of that lead.

 

But yeah, I don't use python. python is shit anyways :p

 

>>14764474

Not my problem. What's worse is that Linus turned around and spread his ass cheeks, which is just embarassing.

Anonymous ID: 2f33f1 Oct. 11, 2021, 4:24 a.m. No.14764496   🗄️.is 🔗kun   >>4585

>>14764487

>cabal shit in tech

The people who go "muh OS" never think about muh CPU, muh mainboard, muh GPU, muh screen and so on. All of that has firmware, and all of that has holes in it, thanks to agencies.

 

Hell, it's not really the "internet", but actually the DARPAnet, so if you want actual freedom, built your own CPUs, mainboards, GPUs, screens and internet and then we can see, maybe. And with "built your own" I don't mean buy some shit from China and put it together, but built it all yourself, which you can't. End of story.

 

If Linux was actually a threat, it would have been destroyed a long time ago. It got infiltrated anyways, tons of IBM developers working on the kernel. You think they are all clean and don't "accidentally" include any back doors?