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You are absolutely not reaching. We talked about this at length in the 90s. https://twitter.com/ghostinmypocket/status/1345129288664813569
The initial concerns were first,
if all currency is digital,
anyone with power over those digits
can manipulate your level of power.
if all currency is digital,
anyone with power over those digits
can manipulate your level of power.
Secondly, privacy.
Digitized money means digital trail.
You pay cash, no one knows what you buy it what you like unless you choose to tie it to data.
Like when Radio shack would ask for your zip code.
Digitized money means digital trail.
You pay cash, no one knows what you buy it what you like unless you choose to tie it to data.
Like when Radio shack would ask for your zip code.
But suppose some nefarious entitiy comes along and uses it to say, manipulate your mood?
Could that be used one day to subtly control your decision making or create mob think?
https://www.wired.com/2014/06/everything-you-need-to-know-about-facebooks-manipulative-experiment/amp
Could that be used one day to subtly control your decision making or create mob think?
https://www.wired.com/2014/06/everything-you-need-to-know-about-facebooks-manipulative-experiment/amp
The poorer you are the less likely you are to have a checking account, a debit card, internet access that isn't in your phone.
High speed access at all.
High speed access at all.
And people think "oh well poor people can use the free WiFi at their jobs or go to the library."
What if I'm a bartender/wait staff & there's no wifi. What if I need to take three buses to get to a library?
What if I'm a bartender/wait staff & there's no wifi. What if I need to take three buses to get to a library?
What if my job is driving or otherwise needs my full attention and/or labor?
What if my only internet capable device is my phone & I listened to one of these crackpot gurus and saved money instead of investing in a smart phone?
By letting the system lock out a poor person via not having debit cards or bank accounts,
then advising them
not to have the tools
to become upwardly mobile etc
poor people are locked out of financial stability.
then advising them
not to have the tools
to become upwardly mobile etc
poor people are locked out of financial stability.
You notice how it's becoming more expensive to deal in cash too.
You get cash back and this or that peek or boost from using a card. Some free Bitcoin.
You get cash back and this or that peek or boost from using a card. Some free Bitcoin.
Anyway all oppression is connected have a nice day!
