CBDCs: the ULTIMATE Means of Financial Control with Surveillance as a Feature
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- Опубликовано: 10 май 2023
- This short video was taken from Andreas' April 2023 Q&A for patrons, in response to a question about the effects of CBDCs on privacy and the freedoms promised by open finance tools, like bitcoin.
Video summary:
Today, we're stepping into the world of Central Bank Digital Currencies (CBDCs). Unlike decentralized cryptocurrencies like Bitcoin, CBDCs are centrally controlled, and they come with strings attached. They will be used to implement anti-money laundering controls. But these controls aren't about stopping big players from making controversial purchases - they're more likely to prevent everyday folks like us from buying Bitcoin.
But CBDCs are more than just digital money. They're an integrated system of command, control, and surveillance. Money has traditionally been seen as a means of exchange, a store of value, and a unit of account, but with CBDCs, we see the emergence of a fourth aspect - money as a means of control. This shift could have significant implications, marking a kind of 'Nirvana' or dystopian end, depending on how you see it, in the evolution of money.
If you'd like to learn more about this topic, take a look at a longer talk from Andreas entitled: Money as a System of Control: • Cryptocurrency Explain... This talk is featured in The Internet of Money volume 3, which can be purchased in multiple languages in paperback, ebook, or audiobook: aantonop.com
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![Why Do All These DeFi Projects Have Their Own Tokens? What Are the Risks With DeFi? [2021]](/img/1.gif)
Welcome back Andreas! 💪
We want more videos from you! 😃
many more plz!
I was just wondering where he'd gone and then his latest vid pops up on my feed.
He is back !!
My orange pill moment is the podcast you did with Rogan in 2016. In it you said that cash is rapidly being replaced by digital currency. So the choice we have is between two futures: Total surveillance with electronic money issued by the central authority, or decentralized money enforced by cryptography.
Everything is playing out as you said.
He's soo smart and ahead of his time even when he was a kid telling his mum the Internet would change the world
He said asking to a Canada inquiry comission back in 2016 I believe, that thousands of tokens would one day be created... and here we are
One of my favorite videos made by Andreas is titled "money as a system of control". It gives me chills every time I watch it
I feel like we need more of you, now more than ever, Andreas. Thank you for this video. More Andreas, Voorhees, et al., and less SBF, Pacman, et al.
0:28 ouff. That’s courage. Bravo .
Always good to hear from you; greetings from Poland.
1:00 Never has your knowledge been more relevant than in this now moment. Please teach. 🙏👍
Thank you for your work
He is back!
Love you, Andreas
Nice to see you back. Was wondering where you went
Andreas, the ultimate source of bitcoin education
(We miss your insiders prospective podcasts and lectures)
Oroteo here. Glad to see you back!!
CBDC will be stuffed down the throat of gov employees. They will spend it first to leave good money on hand. Gresham's law.
Andreas, That's a cool 'I don't care' beard (y)
Welcome back Andreas
Thank you very much Andreas, for giving us these snippets here on RUclips, every now an then. 🙏
sure thing 🙌
❤ i missed you man!!! what was going on? so good to see you back 🎉
we miss your videos
Thank you for reminding the public
Yup, we're f00ked 😮😢
CBDC combined with AI = Cradle to grave electronic leash. 😡😈
Yay!
Definition of a real smart city
People coming together with diverse professions to form their own community with their own currency to opt out of the Mr. global system
Hmmm kind of sounds like Ruby Ridge and Waco
Great video
Great to have your wisdom Andreas. What’s with the new beard and closed curtains? Is this OPSEC?
Can you offer some insight on the ledger fiasco. Are Ledger devices safe? What’s the best way to store bitcoin? Thanks
Thanks for these insights, Andreas. I definitely agree. I think decentralization is the way forward as it offers freedom... and many new protocols address those weaknesses (like high fees and zero-sum mechanics) that might've previously scared people away. Wondering about what protocols you think can pave the way for a DeFi future. What do you think of Sturdy Finance?
💯
I miss this man
This is a very important query for the bitcoin world.
There has been an impressive increase in transaction costs and delays in Bitcoin confirmations and it can be understood that it is because of the increase in transactions related to NFT's, miners crash their servers due to the digital weight of NFT images.
Practically the whole bitcoin world will collapse.
Is it possible for Adreas to comment on this?
Hector Gonzalo
CBDC = Worst form of money ever created.
Bitcoin = Best form of money ever created.
0:29 to 0:31 they will stop you buying bitcoin my bank branch already has had to change banks loll can buy btc for now
This is what XRP baggies want ... And expect to be rich off from
OPT OUT! BUY BITCOIN!
Won't work. Is done to fail. Why, because it doesn't allow ilegal transaction, and most of politics are in ilegal markets one way or another. So, it won't work. Other things is in Argentina past crisis of 2001 government used provincial bonds to pay. Everyone accepted payments with that, but at a 90 or 80% rate of its value. I hope your understand my point. It won't work.
It is the last slap of the drowned man. Greetings
Would like to hear your opinion on brc20 token.
Wait until the opinion is derisked, he'll let you know then
haha, I'd love to know which rare sats and inscriptions does he have.
I'm sure he appreciates ordinals for the cultural relevance and adoption they've led, but I'm also curious about his considerations regarding possible consequences and future scenarios they might prompt.
imo, brc20 is just another (very inefficient) way to gamble collecting digital artifacts... but miners are happy and users are being forced to use lightning so: long live the craze!
I hear a lot about how governments will control us through CBDCs but I don't hear much about why that is a bad thing. Wouldn't it be a good thing to be able to spot criminal activity, including tax avoidance etc. I suppose a question to discuss is whether we trust our governments or not. And I have to say that I don't fully trust them, but wouldn't the alternative be anarchism in its chaotic sense rather than social equality?
Slave coins, with no exaggeration