CBDC, Digital Identities And The WEF

In these articles, the stressing of the importance of Hive and decentralization is the common theme.

The reality is that anything that can be controlled will be. This is the basis that we all need to operate from. We are in a technological age which presents the proverbial double-edged sword.

On one had, people should get very excited. The capabilities that will be offered humanity are ever-growing. Society always benefits from technology, with the masses enjoying the advancement.

However, there is a darker side. This also give the psychopaths more power also. When we see how governments are operating, with the surveillance state in full tilt, there is reason for concern.

That means central bank digital currencies should be viewed with a high degree of skepticism. In fact, we should call them what they are: surveillance tokens.

The Ultimate Goal

Professor Richard Werner has been warning about CBDCs for a while. He is one of the people behind the idea of quantitative easing. He is an establishment guy who was was involved in the World Economic Forum (WEF).

Many are claiming that Prof. Werner stated the goal is to have a chip injected under everyone's skin, one that will contain his or her digital identity. Tied to it will, naturally, be the wallet associated with the CBDC.

Here is where things get dystopian (as if that wasn't enough already):

All of this will be tied to a form of social credit score. This means that one can suffer averse effects if not in compliance.

Whether any of this did come from the professor or not is immaterial. We can see how this is the line of thinking among many who seek world control.

This is the potential downside of technology. It is also why the efforts we put in each day are vital.

It Will Fail

Before going any further, there is good news: all of this will fail.

For those who believe governments (or the WEF) will succeed in implementing some of these measures, it isn't going to happen. At the core of the issue is most of these people are academics. While they can be smart people, they do not operate in the real world.

This stems from the fact they live in echo chambers where they believe their own press. In their minds, they are mentally superior to the rest, the ones with a true understanding of what is taking place.

However, history tells a much different story. The world does not operate on theory. It is why academic concepts pushed forth end usually up failing. Ironic that we are talking about the aforementioned Professor Werner, an academic who's QE concept was a total failure. While he does have a background in business, he is an economist which puts him in the theoretical realm to begin with.

Academics, like gold bugs, Marxists, and central bankers, believe they can alter the business cycle. They also believe money is somehow within their control. The reality is neither of these is true.

Providing An Alternative

One of the reasons why I wrote so often about the Hive Backed Dollar (HBD) is because it is an alternative to CBDCs. In fact, it is better money than what they are proposing.

Many believe the government can simply wave its magic wand and force everyone to accept a currency. We see this with the BRICS. A couple months back we saw story after story about how the BRICS were going to create their own currency and it would destroy the U.S. dollar.

It turns out the major announcement from the summit was India claiming it wanted to make the rupee a currency for international trade. This created another stir. Of course, a few clicks in a search engine would reveal the same thing was said back in 2010.

The reason why this isn't going to happen is businesses have a reason for utilizing the USD for international payments, invoicing, and as a vehicle currency. To ordain a different system simply because one says so does not happen.

Trust

Bitcoin entered the picture with the idea of instituting trust through a trustless system. The idea was to remove the counterparty risk associated with most of our financial system.

The same is true for everything. People need to realize the only reason governments still stand is people trust in them. Once the confidence starts to wane, it is game over. Sure, power can be maintained for a while yet implosion will happen.

Look at the Soviet Union. That might be the best example of how the real world operates. To start, at the end, it collapsed without any outside interference. In fact, up until the end, the West thought the Soviets were on par in terms of power. Obviously they were not.

It is also a system that was born out of theory. The idea of communism was flawed from the start. We see same ideas out of the WEF. These people are really communists. Even on their website it says "you will own nothing and be happy".

Source

Here is the center of the battle. We know what they are after and our stance is the opposite.

The battle is one of centralized control versus decentralization. They want the entire world to operate under a top-down scenario. This is no different than any centrally planned government system. To boot, they feel they can control the economy which, again, history proves is a foolish notion.

In the end, they do not control money because that is determined by businesses. That is the entire reason for money existing. It is a tool for trade, one to facilitate transactions for merchants.

Decentralization is not a destination but a way of thinking. We need to approach it in all we do. The projects we are working upon require that as the core component. It all starts with infrastructure which, fortunately, Hive is working upon. Here is where we see the transformation taking place.

Cryptocurrency is not going away. Once we Hive has access to a robust smart contract platform where tokens can be created easily and at a low cost, it is game over.

Then it becomes the whack-a-mole situation where there is always an alternative. Open source is very powerful, something that few discuss. It is also the fatal enemy to centralization.

We are going to see a lot of push over the next half decade by those in power. However, it is imperative that we keep pushing back through out development of decentralized system. One of the keys to all this is distribution. It is a point we stress quite frequently but it does provide a level of resistance against attack.

While I am very optimistic about technology, we have to be mindful of the downside. There are a lot of forces out there with nefarious intentions. The word terrorist gets tossed around frequently these days. However, the most dangerous people on the planet are rarely pointed out.

A blockchain like Hive might seem insignificant. That said, owning ones digital identity is crucial. Total account ownership is the first step. Keep this in mind with your social media activities.

It is a stepping stone.

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