Cryptocurrency is picking up as an instrument for tyranny

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Not everyone uses crypto for good. Some have downright nefarious intentions for blockchain technology.

) and other cryptocurrencies as antidotes to totalitarian governments and central banks. Simultaneously, international corporations and startups alike have designed blockchain platforms and products that could be used on behalf of totalitarian governments and central banks.One example is Microsoft, which applied for a patent for a cryptocurrency system using body activity data.

A sensor in the user’s device registers the body activity, and then the cryptocurrency system rewards the user. “The sensed body activity is associated with the received task and transmits the generated body activity data to a system or network, which verifies the body activity data to award cryptocurrency.”, where a future society uses time from one’s lifespan as its primary currency, with each individual possessing a clock on their arm that counts down how long they have to live.

They say it’s to “aid in police, fire, and ambulance services” . SmartKey allows emergency crews to enter any building in the city without needing to find the keyholder or wait for permission.Blockchain Association policy head: US shouldn’t compete with China’s CBDC using surveillance tools “The need for our rescue services to perform their duties without obstruction is a delicate one. The use of blockchain and SmartKey technology seems to be like the perfect solution, giving reassurance to building owners and inhabitants, but also freedom for our emergency services,” according to Gustaw Marek Brzezin, the marshall of the Warmińsko-Mazurskie Voivodeship in which Olsztyn is located.

As any student of political science knows, the bedrock of any constitution is the freedom for our emergency services!

 

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This problem must be dealt with in the first place

bruh no way this counts as journalism lmao breaking: water is wet

I mean... Duh? Obviously?

WOAH NO WAY I HAD NO IDEA REALLY

Not everyone uses money for good. Man, who the hell writes these things these days, so naive.

some crypto devs have mal-intent and that implies extreme care when trading, investing or entering new ideas. Decentralized communities are always a safer bet, with community governance that vets every detail. Communities like bitDAO have been making a name for themselves there

Same goes for guns, knives, cash and any other instrument you can imagine. You hould demonize the bad actors not the instrument.

New writer at Cointelegraph? For a couple years, Cointelegraph has been shilling the 'wonderful' progress / benefits with CBDC's... Finally catching on that it's a system designed to enslave the masses and directly control what individuals are allowed to use their money for? 🤔

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I think that’s for a security reasons and I think it will help in most cases You can dm TraderRyanBenja he seems to know his stuff when it comes to BTC I’ve been following him and I have learnt a lot

A great leader would cancel the central bank and tell all the citizens and corporations to stack as much Bitcoin It would b the strongest nation on earth All. Thanks to TraderRyanbenja for making my crypto dream come through! I have added massively

🚀 Thnks a millon

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