In the wrong hands, retail central bank digital currencies can be twisted into a surveillance tool. (1/2)

Sep 16, 2022 · 6:21 PM UTC

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The Administration must embrace the benefits of open, permissionless & private digital assets, rather than place prominence on central bank digital currencies, the benefits of which remain confounding. (2/2)
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Replying to @GOPMajorityWhip
We need a digital Bill of Rights
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Replying to @GOPMajorityWhip
All government power expends over time. Its not so much as 'in the wrong hand'. If it exists it is inevitable a CBDC will become ever more a tool for control, cronyism and surveillance, and drive us ever to more authoritarian centralized power. We must fight. #bitcoin is hope.
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Replying to @GOPMajorityWhip
thank you sir
₿ LuggageDonkey 🍀❤️ ₿
 @LuggageDonkey
16 Sep 2022
welcome to the dystopian future of money @SenatorCantwell @PattyMurray @WhiteHouse @federalreserve 100% surveillance ✅ 0% privacy from gov't tracking ✅ secret files on every person ✅ full censorship/blocking capabilities ✅
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Replying to @GOPMajorityWhip
They are also essential to central banks to unwind 50 years of non pegged debt issuance. If you are referring to the government being the wrong hands you are pretty much saying that none of you should be employed. Congress really needs to sort their shit out.
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Replying to @GOPMajorityWhip
Kinda like fiat?
Replying to @GOPMajorityWhip
10000000% true. It’s a very very dangerous direction. Decentralization is the future. Anything else is delaying the inevitable. Get on board and let’s build atop of BTC and Ethereum, right here in the USA. Let’s own the future.
Replying to @GOPMajorityWhip
There are literally zero "hands" that centralized CBDCs would be safe in. Incentive alignments inevitably lead to abuse by centralized powers. #Bitcoin
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Replying to @GOPMajorityWhip
Absolutely agree. I have absolutely 0 confidence in any #CBDC Our country would need to do a complete 180 degree turn in direction and i just do not see it. I have a certainty that it would be grossly abused and used against the population.
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Replying to @GOPMajorityWhip
Agreed 👍
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