The problem of CBDCs is right in the first letter, "Central". With CBDCs you do not have money anymore. What you have are some kind of government vouchers. Those can turn into rationing permits, tips for "good" behaviour or become blocked funds if you're"not compliant" with whatever the government du-jour dictates, from left or right. The alternative is almost 15 years old now, and in the first lines of its paper it explains it all, you need a way to transact peer to peer without the need of intermediaries. That right there is the complete opposite concept to a CBDC. BTW money IS a bearer asset. Everything else us just credit, IOUs.
Several times it was said that doing business this way was difficult and costly leading me to get the feeling the best practices will only be for the wealthy and powerful. Very telling towards the end when they talk about inequality, egalitarian programs, and taxes. Some parts remind me of robber Barron's.
Is the DAO and decentralization harder to understand than the welter of tax laws and regulations and their implications today? As a budding entrepreneur I think not. And the regulatory, not to mention ESG push, is getting more and more extreme. I personally believe that building a Parallel Economy on untraceable crypto, smart contracts and strong privacy practices is our best hope to retain and strengthen freedom or even preserve how much is left of it. So regardless of level of difficulty comparisons to we have a viable choice going forward? Do we have another way to live as free as possible and to have anything close to actual free market economy?
The problem with crypto is it's volatile. Easily shifting value based on 'whales' mass buying or selling. There needs to be a crypto which is based on resources which do not shift that much in value over time. It's not just individuals who own Bitcoin. Corporations and governments have a ton and shove around the value (with buying/selling/comments to their followers) just to further transfer funds between the normal person to those on top. Unless that is somehow prevented, it's just a fancy stock.
Meet more people. There's a crypto Spring under weigh with a new all time high for Bitcoin in a few months. Many people are about to have a great time.
@@ericv738 To quote Shakespeare's King Lear, probably: Oh reason not the need. Grant nature not more than nature needs and man's privacy is cheap as Zcash!
I think the problem with discussions about Crypto is that people cannot separate discussions of the technology from the markets that built up around it. If you want to say things like Bitcoin or whatever are a scam you’re probably right but that’s not talking about the technology then
Considering how closely adjacent this is to so much of the content I watch, there's no way I shouldn't have stumbled across this channel. But I never did. I only know what exists because I was directed here from an outside source. Going to guess that it's by design.
I know Naomi and many on this panel understand that crypto, especially privacy coins, are only one tech and type of practice needed to escape or at least minimize the Total Surveillance that is being woven. I try to be a solarpunk and believe the market will simply chose less friction but then I see what the State is doing including its attacks on crypto and even on encryption. So I have my lunarpunk side as well. What is "illicit"? Is it that which is actually ethically wrong or is it merely what some State objects to or cannot control and guarantee it gets a cut of?
UBI seriously? He basically asked if failed and harmful projects could be brought to the future systems made to avoid those past problems. UBI requires high taxes. It's given by governments so of course they have control of your funds and how you spend them or if you keep getting them at all. People need to break the habit of systems which give governments more power over people. If not for the current tax levels, people would be taking home a ton more money. There isn't a wage crisis there's a tax and union crisis (as they take most of your cash and do very little for you)
Cryptocurrency will never be private. Ultimately we as societies will have no choice. But it will never be a private transaction as paper and coin currency.
I didn't realize this until late into your video but I did acknowledge after watching fore a good while, that Australian's have no comprehension of the 2nd amendment. This is fine, as they are Australian and some of them are still beautiful.
Dear Naomi, you expend a lot of energy warning us about technology and yet, here you are promoting it. What am I supposed to think about that? I had a great bit at the beginning, but I wasn't sure if it was appropriate in these times of turmoil (must be a seed oil!) and downside up cake. Do you have a sense of humour?
I don't want people against technology ever. I educate people about how technology works, so that they can make informed decisions about the kind of tech they allow into their lives. Not all tech is the same. Keep an eye on that seed oil...
@@NaomiBrockwellTV As a veteran of 40+ years in technology, I have to agree in some measure. Still, my comment was mostly written in jest. Too many people clearly know too little about what rules their lives. BTW, I like your channel. You are a great presenter and make info on all that vile technology accessible. 🙂
Censorship resistant technologies? what about the Google algorithm? De Kary Mullis talking about how the pcr test he invented is not for vir us es is not allowed on this platform.
The problem of CBDCs is right in the first letter, "Central".
With CBDCs you do not have money anymore. What you have are some kind of government vouchers. Those can turn into rationing permits, tips for "good" behaviour or become blocked funds if you're"not compliant" with whatever the government du-jour dictates, from left or right.
The alternative is almost 15 years old now, and in the first lines of its paper it explains it all, you need a way to transact peer to peer without the need of intermediaries. That right there is the complete opposite concept to a CBDC.
BTW money IS a bearer asset. Everything else us just credit, IOUs.
CBDC = Govt Rations
Great discussion. Thank you Naomi!
Love the heels 👠
Great Content, Naomi!
Interesting panel!
Awesome guest panel👍
Great discussions 👏
Thank you
Miss you NB on stage 😅😅😅!!
Thanks,,,
naomi and erik are chaps of unfathomable value ❤
Several times it was said that doing business this way was difficult and costly leading me to get the feeling the best practices will only be for the wealthy and powerful.
Very telling towards the end when they talk about inequality, egalitarian programs, and taxes.
Some parts remind me of robber Barron's.
We’ve all seen that crypto is anything but private and safe. Cash is king!
Actually it entirely depends on the kind of cryptocurrency and how you use it
ruclips.net/video/tIr9GfCtd9U/видео.htmlsi=y4Q8q-7wQjMkiA5f
Good information!
Is the DAO and decentralization harder to understand than the welter of tax laws and regulations and their implications today? As a budding entrepreneur I think not. And the regulatory, not to mention ESG push, is getting more and more extreme. I personally believe that building a Parallel Economy on untraceable crypto, smart contracts and strong privacy practices is our best hope to retain and strengthen freedom or even preserve how much is left of it. So regardless of level of difficulty comparisons to we have a viable choice going forward? Do we have another way to live as free as possible and to have anything close to actual free market economy?
Coming from John Stossel! Keep doing what you do!
welcome!
here from John Stossels channel - belled and subbed
let's go!
yay thanks for being here!
1:57 not to mention the energy it takes to keep all that data on file - talk about global warming !
Naomi is constantly amazing.
The problem with crypto is it's volatile. Easily shifting value based on 'whales' mass buying or selling. There needs to be a crypto which is based on resources which do not shift that much in value over time. It's not just individuals who own Bitcoin. Corporations and governments have a ton and shove around the value (with buying/selling/comments to their followers) just to further transfer funds between the normal person to those on top. Unless that is somehow prevented, it's just a fancy stock.
Volatility is due to where the backing comes from so the issue isn’t the crypto but how we’re backing it
Naomi: "Tech Innovations Building a Brighter Future " 🤔🤨 Ah! -->> AI Bulbs 👾+💡 . . . 🤭🤭🤭
My problem is that everyone I know who has got involved in crypto currency has had a bad experience at some point.
Meet more people. There's a crypto Spring under weigh with a new all time high for Bitcoin in a few months. Many people are about to have a great time.
@@ericv738 To quote Shakespeare's King Lear, probably: Oh reason not the need. Grant nature not more than nature needs and man's privacy is cheap as Zcash!
@@openeroftheway8596 bitcoin is not private, all transactions are public
I think the problem with discussions about Crypto is that people cannot separate discussions of the technology from the markets that built up around it. If you want to say things like Bitcoin or whatever are a scam you’re probably right but that’s not talking about the technology then
That being said this discussion is giving me heavy scam vibes. I’m really disappointed in Naomi on this one
Considering how closely adjacent this is to so much of the content I watch, there's no way I shouldn't have stumbled across this channel. But I never did. I only know what exists because I was directed here from an outside source. Going to guess that it's by design.
glad you made it!
Thankyou Naomi! What's your thoughts on changing your mac addresses at the beginning of every day?
👍🏻
I know Naomi and many on this panel understand that crypto, especially privacy coins, are only one tech and type of practice needed to escape or at least minimize the Total Surveillance that is being woven. I try to be a solarpunk and believe the market will simply chose less friction but then I see what the State is doing including its attacks on crypto and even on encryption. So I have my lunarpunk side as well.
What is "illicit"? Is it that which is actually ethically wrong or is it merely what some State objects to or cannot control and guarantee it gets a cut of?
UBI seriously? He basically asked if failed and harmful projects could be brought to the future systems made to avoid those past problems. UBI requires high taxes. It's given by governments so of course they have control of your funds and how you spend them or if you keep getting them at all. People need to break the habit of systems which give governments more power over people. If not for the current tax levels, people would be taking home a ton more money. There isn't a wage crisis there's a tax and union crisis (as they take most of your cash and do very little for you)
Cryptocurrency will never be private. Ultimately we as societies will have no choice. But it will never be a private transaction as paper and coin currency.
Monero should be pushed instead of Bitcoin!
Ultimate privacy coin.
I wonder how cdbc will work when I live in the USA and vacation in another country. Seems problematic to not have physical currency.
Crypto for institutional global financial/banking open ledger mechanism - good.
Crypto for Average joe on the street - forget it.
I didn't realize this until late into your video but I did acknowledge after watching fore a good while, that Australian's have no comprehension of the 2nd amendment. This is fine, as they are Australian and some of them are still beautiful.
I would like to know if my TV is spying on me
It is
If a crypto transaction is private, how one could be punished afterwards?😂 None of them are truly private.
Dear Naomi, you expend a lot of energy warning us about technology and yet, here you are promoting it. What am I supposed to think about that? I had a great bit at the beginning, but I wasn't sure if it was appropriate in these times of turmoil (must be a seed oil!) and downside up cake. Do you have a sense of humour?
I don't want people against technology ever. I educate people about how technology works, so that they can make informed decisions about the kind of tech they allow into their lives. Not all tech is the same.
Keep an eye on that seed oil...
@@NaomiBrockwellTV As a veteran of 40+ years in technology, I have to agree in some measure. Still, my comment was mostly written in jest. Too many people clearly know too little about what rules their lives. BTW, I like your channel. You are a great presenter and make info on all that vile technology accessible. 🙂
We want a video about best antimalware and antivirus.
No we dont
Censorship resistant technologies? what about the Google algorithm? De Kary Mullis talking about how the pcr test he invented is not for vir us es is not allowed on this platform.
Crypto is a trojan horse
I think you do need banking rules to protect the people and rights.