Blockchain/Digital Currency as part of 'The Great Reset'

[dada]

"author's position seems to be that the technocrats (for lack of a better single term for the various entities involved) are not to be trusted, and left unchecked, will operate to the detriment of the majority."

Her position is a technocratic one, then.

[Grizzly]

Announced by Christine Lagarde ( former IMF director, now director of ECB )2024 the starting year of the 6th techno-economic paradigm ( more than 50% of the world industry will be dominated by robotics ) will also be the year of the total digitalization of the euro ( already patented in 30/09/2020 we can check that fact in the European Union Intellectual Property Office (EUIPO)).

https://www.clubic.com/antivirus-securite-informatique/cryptage-cryptographie/crypto-monnaie/actualite-21188-christine-lagarde-pense-que-l-euro-numerique-emergera-d-ici-2024-au-plus-tard.html

This very well could have fit under the MMT thread as well...

[Elvis]

Apologies for not following up sooner on my last posts in this thread — I took a vacation, will post soon. Great thread!

[dada]

I'm saying that new ways of creating money, electro-chemical biofeedback, small, cheap and powerful user-friendly machines, and a plug-and-play global network can be configured in various ways.

[Belligerent Savant]

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I imagine there will be various 'hacks' and/or off-grid options available, but increasingly, the stage is being set for more overt control mechanisms on the populace, starting with these vaccines in 2021. They won't need to mandate their use, necessarily; they will simply restrict access: only those with proof of vaccination shall gain entry to sporting events, live concerts, and certain restaurants, not to mention travel and (certain type of) employment; those employed in healthcare, govt/city/travel-related industries will likely require vaccination outright.

Hysterics surrounding 'cases' can be modulated as needed to obtain higher voluntary submission to looming vaccines.
(particularly since PCR tests are demonstrably prone to false-positive results, and are not a consistently reliable marker for active COVID)

*All of this puts aside the potential risk factors/side effects of a vaccine fast-tracked for mass deployment (and/or the unprecedented use of mRNA vaccines on humans) -- topics for another thread.*

'Smart' mechanisms involving currency may follow thereafter (blockchain/digital currency, etc.), which may very will include the option to limit or restrict 'credits' or access to govt-provided funding depending on certain triggers.

This may all seem fanciful, but there's indications/hints of this scattered throughout various threads in this forum, going back years, not to mention other sources out there in the [increasingly managed/censored] internet; caveat lector applies at all times for all sources, of course. Some of these proposed/theorized measures may not come to fruition, but much will depend on extent of resistance.

So far, I see minimal resistance -- with some exceptions -- for current control mechanisms enacted in 2020, all for a relatively manageable health scare that simply does not merit the broad, sweeping measures taken.

Brave New World ahead.

[DrEvil]

As someone once said: We're heading into the wrong cyberpunk dystopia!

[dada]

I'm not talking about hacks and off-grid options. I'm saying self-hacking and totally on-grid opportunities. The possibilities of new technology are not limited to yesterday's news. They're limited by buying into what they're selling you.

[Belligerent Savant]

^^^^

Indeed - that's been a variant of my go-to M.O., with an off-grid backup plan if all else fails (or succeeds, depending on perspective).

Individual prospects aside, the broader concern is the impact would-be measures will have on the majority: those without the means or awareness of 'self-hacking' options.

[dada]

For those without the means, the means would need to be made more widely available. And those without awareness would need to be taught.

[Belligerent Savant]

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Tangentially related:

Apple co-founder Steve Wozniak has launched Efforce, a company that facilitates investments in energy efficiency projects via cryptocurrency and blockchain technology.

The company aims to be a marketplace to streamline the process of financing and undertaking such projects by enabling them to receive crowd contributions from investors via its token, WOZX, which was listed on Thursday through HBTC.

Efforce claimed the listing has increased its market value tenfold to $950 million. The token will also be listed next week on South Korea-based crypto exchange Bithumb Global.

According to Efforce, energy services companies (ESCOs) tend to have limited access to capital since they often are unable to turn to traditional banking channels, as banks lack the technical expertise to properly assess the return on investment.

ESCOs can register energy efficiency projects with Efforce and it will validate the projects, and evaluate their investment needs, calculate returns and create Energy Performance Contracts.

There will be a smart meter on the company’s blockchain to measure each project’s energy savings and turn them into energy credits that are saved in investors’ profiles for use or sale.

“We created Efforce to be the first decentralized platform that allows everyone to participate and benefit financially from worldwide energy efficiency projects, and create meaningful environmental change,” Wozniak said in a statement.

The company was co-founded by Wozniak, Jacopo Vanetti, Andrea Castiglione and Jacopo Visetti, who also founded AitherCO2.

https://www.coindesk.com/apple-co-found ... y-projects

[Belligerent Savant]

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For those without the means, the means would need to be made more widely available. And those without awareness would need to be taught.

As a philosophy, yes. But in practice: tough to sustain broadly.

But this sidesteps the far more pressing issue: why are we, as a people, being positioned to consider or undertake these measures at all? As if there aren't already enough layers of subjugation that must be surmounted.

Another step forward for Hyper-Capitalism, and along with it: devolution of spirit. Still: for a number of us, there remains the option to refuse/resist, and whatever outcome(s) may come with it.

[dada]

I see no need to separate philosophy from practice. Anyway yes, I'm sidestepping your pressing issue of why. Just isn't my issue.

[Belligerent Savant]

[semper occultus]

Even with the latest price surge, the ownership of Bitcoin remains concentrated in the hands of a small number of investors who were some of the earliest adopters.
About 2% of the anonymous ownership accounts that can be tracked on the cryptocurrency’s blockchain control 95% of the digital asset, according to researcher Flipside Crypto.

https://www.bloomberg.com/news/articles/2020-11-30/bitcoin-jumps-to-record-as-advocates-say-this-time-is-different

doesn't sound like the plebs getting their hands on magic money beans ahead of the oligarchs somehow

[Joe Hillshoist]

Even with the latest price surge, the ownership of Bitcoin remains concentrated in the hands of a small number of investors who were some of the earliest adopters.
About 2% of the anonymous ownership accounts that can be tracked on the cryptocurrency’s blockchain control 95% of the digital asset, according to researcher Flipside Crypto.

https://www.bloomberg.com/news/articles/2020-11-30/bitcoin-jumps-to-record-as-advocates-say-this-time-is-different

doesn't sound like the plebs getting their hands on magic money beans ahead of the oligarchs somehow

We had a chance to do that a decade ago and most of us missed it. I did and it was my fault not some oligarchs.