Use cash. Get cash out at the ATM, keep it in your wallet. Spend it at local businesses. Even if you can’t do it all the time do it as much as you can. Start today and stick with it.
Otherwise this is what we’ll be stuck with everywhere all the time. There won’t be a choice anymore if you don’t exercise that right. We’re already far down this slippery slope.
What I find funny about this is that cryptocurrency - a supposed way to create a currency independent of bank or government control - laid the foundation for this. Look at all the terminology Larry Fink is throwing around here: tokens, ledger, fractional ownership.
Dude who became powerful by the simplest business model in existence (buying S&P winners with other people's money, selling losers), suddenly gets to set the policy for the rest of the world. Index funds should never be allowed to vote in corporations they own as their business model is just a simple rental of success.
All you need to read is the manipulative marketing buzzword jargon littered throughout articles like this to realize they do not have your best interests in mind.
I co-founded a holiday real estate-backed crypto project in 2019. We only raised $50k though. Just enough to buy 1 unit in South Africa. We started using profits to do on-chain token buybacks with proof of burn. We proved the concept but scale was too small with just one apartment. It was a really cool concept though. Too bad the powers-that-be didn't select us.
The main problem with blockchain projects is that they're not decentralized in the way that counts. You still have to be chosen by the powers-that-be. There's still only one path to success; just like the rest of the tech sector.
>World Economic Forum founder Klaus Schwab was effectively forced out of his own globalist
God I hate the word globalist
>The WEF, as we know, is the controversial group that tells us that we, among many other controversial things, will “own nothing and be happy” by 2030.
The WEF hosts many viewpoints and doesnt have any real power, obsessing over them is usually the province of the same people who obsess over black rock which is where I am betting this is going.
>BlackRock has massive amounts of control and leverage over thousands of companies across all sectors valued at $4.35 Trillion.
And there it is. BlackRock usually takes a very safe stake, 1-10% in a lot of companies. Their influence is usually incredibly overstated, usually by youtube grifters.
>Trump has had a good relationship with BlackRock CEO Larry Fink.
Trump likes rich people, news at 11.
>tokenization is the new monetary financial system quietly transforming the world
Holy hell. Most tokenisation projects take something thats already roughly abstracted as a token, like shares, or home ownership, and shifts it to the blockchain. "OMG MY SHARES ARE BEING TRACKED IN A LEDGER" yeah always were.
>“It will be on one general ledger. Every investor, you and I, will have our own number, our own identification."
Every polity that I can think of already has investor tracking. ASX has CHESS. Trading and reputation systems are weak to sybil.
>Clearly, tokenization and digital ID are inseparable
Trading and Identification are inseparable. Digital trading and Digital ID are obviously the same.
>Digital ID is not just an app on a smartphone; that is the bait & switch. Digital ID is really about your personal credentials (KYC - Know Your Customer) tied to your internet and financial transactions.
Theres no bait and switch this has always been the case, and the app having KYC details is so extremely obvious that this article trying to twist it into extreme language is crazy. This is really "The elites want you to think the sky is blue" sort of shit.
>In effect, digital footprints are the new credit scores.
Credit agencies have wanted this data for a very long time. There might be abuses. Those can be resolved legislatively.
>Indeed, it is an unholy alliance: President Donald Trump yoking up with big-data harvesters such as Palantir, Oracle, and other big-tech companies to steal our private data and transactions, merged together with the likes of BlackRock, globalist institutions such as the UN, IMF, WEF, and the Federal Reserve and the BIS - Trump and Fink are working in lockstep together to build a digital prison state and a tokenized panopticon to usher in their “golden age,”
Read: Hi this is my first day on planet earth. Lots of these scary names are discussing things that frighten me, because I have never read a book or purchased shares in my life. Please hug me. Its impossible to steelman this raw fearmongering.
Of course, no scary article is complete without a bible quote
>Revelation 13:16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: [17] And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. [18] Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
Sorry but first up, the people who lap this shit up are largely idiots. I blame the US education system. If you have a problem with Credit scores, go do something about it politically. If you cease being american that will probably solve 99% of this.
The institutional investors operate in lock-step, so multiply the Blackrock stake by, at minimum, 3. Then take into account the massive reputational downsides to having institutional investors "pull out" of your company. I think that would make you untouchable to most of Wall Street. Just my opinion. The potential power here is enormous. Is it being abused? That's harder to prove. But when Larry says things like "you have to force behaviors" he really makes it hard to play devil's advocate.
The tokenization being talked about is minting digital tokens in a public blockchain to represent traditional assets.
Unlike decentralized cryptocurrencies, this blockchain is not decentralized and participating requires creating a wallet and having it whitelisted by a centralized controlling entity.
Some form of identification, KYC/AML process has always been required to be an investor or non-trivial financial transactions.
The benefits of tokenization over the traditional approach are fractional ownership, faster settlements and transfers, 24/7 market, etc.
the contrarian optimist case against this dystopia of CBDCs and digital identity is that institutions themselves are too corrupt to adopt them. i met some people involved in a project to turn a government budget into a ledger and the resistance was that it would remove all the discretion from the system, and even technocrats forget that the discretion is its own reward in those places.
their entire plan is predicated on there being no alternative, and these world domination plans make some noise but they do not prevail.
22 comments
[ 2.7 ms ] story [ 45.9 ms ] threadOtherwise this is what we’ll be stuck with everywhere all the time. There won’t be a choice anymore if you don’t exercise that right. We’re already far down this slippery slope.
Good stuff, thanks guys!
In the UK, it's the duty of MI5 to ensure such corruption of state doesn't happen. See how well they protect British public:
https://www.reddit.com/r/LabourUK/comments/1gx4qoa/keir_star...
https://www.gov.uk/government/news/new-digital-id-scheme-to-...
Security services should start doing their job and restore our democracies.
The main problem with blockchain projects is that they're not decentralized in the way that counts. You still have to be chosen by the powers-that-be. There's still only one path to success; just like the rest of the tech sector.
God I hate the word globalist
>The WEF, as we know, is the controversial group that tells us that we, among many other controversial things, will “own nothing and be happy” by 2030.
The WEF hosts many viewpoints and doesnt have any real power, obsessing over them is usually the province of the same people who obsess over black rock which is where I am betting this is going.
>BlackRock has massive amounts of control and leverage over thousands of companies across all sectors valued at $4.35 Trillion.
And there it is. BlackRock usually takes a very safe stake, 1-10% in a lot of companies. Their influence is usually incredibly overstated, usually by youtube grifters.
>Trump has had a good relationship with BlackRock CEO Larry Fink.
Trump likes rich people, news at 11.
>tokenization is the new monetary financial system quietly transforming the world
Holy hell. Most tokenisation projects take something thats already roughly abstracted as a token, like shares, or home ownership, and shifts it to the blockchain. "OMG MY SHARES ARE BEING TRACKED IN A LEDGER" yeah always were.
>“It will be on one general ledger. Every investor, you and I, will have our own number, our own identification."
Every polity that I can think of already has investor tracking. ASX has CHESS. Trading and reputation systems are weak to sybil.
https://en.wikipedia.org/wiki/Sybil_attack
>Clearly, tokenization and digital ID are inseparable
Trading and Identification are inseparable. Digital trading and Digital ID are obviously the same.
>Digital ID is not just an app on a smartphone; that is the bait & switch. Digital ID is really about your personal credentials (KYC - Know Your Customer) tied to your internet and financial transactions.
Theres no bait and switch this has always been the case, and the app having KYC details is so extremely obvious that this article trying to twist it into extreme language is crazy. This is really "The elites want you to think the sky is blue" sort of shit.
>In effect, digital footprints are the new credit scores.
Credit agencies have wanted this data for a very long time. There might be abuses. Those can be resolved legislatively.
>Indeed, it is an unholy alliance: President Donald Trump yoking up with big-data harvesters such as Palantir, Oracle, and other big-tech companies to steal our private data and transactions, merged together with the likes of BlackRock, globalist institutions such as the UN, IMF, WEF, and the Federal Reserve and the BIS - Trump and Fink are working in lockstep together to build a digital prison state and a tokenized panopticon to usher in their “golden age,”
Read: Hi this is my first day on planet earth. Lots of these scary names are discussing things that frighten me, because I have never read a book or purchased shares in my life. Please hug me. Its impossible to steelman this raw fearmongering.
Of course, no scary article is complete without a bible quote
>Revelation 13:16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: [17] And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. [18] Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
Sorry but first up, the people who lap this shit up are largely idiots. I blame the US education system. If you have a problem with Credit scores, go do something about it politically. If you cease being american that will probably solve 99% of this.
Unlike decentralized cryptocurrencies, this blockchain is not decentralized and participating requires creating a wallet and having it whitelisted by a centralized controlling entity.
Some form of identification, KYC/AML process has always been required to be an investor or non-trivial financial transactions.
The benefits of tokenization over the traditional approach are fractional ownership, faster settlements and transfers, 24/7 market, etc.
their entire plan is predicated on there being no alternative, and these world domination plans make some noise but they do not prevail.