Many months ago, some guy at the gym asked me about my Facebook so he can send me some interesting "educational videos" and my answer was I don't own such an account and his next reply was: give me your number so I can send em to you via WhatsApp. Well, I don't have a WhatsApp account either.
Why, was his baffled reaction, and my short answer was: * I don't want to be spied on* by Suckerberg's apps... The baffling imploded :). OK, I know I'm not personally tracked or spied on by anyone, and I don't do anything that would trigger such a burden on me, but the idea of having my conversations and personal life stored on some Facebook servers doesn't make sense to me.
I found out about Steem(which was forked into Hive) about five years ago. When I got "the first bite of it" I said I would never go back to anything facebook alike. The only close-to-it app that I'm still using is Twitter. I'm all blockchained otherwise. Blockchain and crypto are like sugar and porn for a freedom and decentralization hunter.
The idea of Satoshi Nakamoto is simply genial. It would deserve all the prizes in the world, including the Nobel prize for peace, but is it blockchain all about decentralization and freedom? Is it ultimately fulfilling Satoshi's vision applied both to large financial entities and individuals?
Well, Dr. Pippa Malgren tackled the topic at the World Government Summit this year of a new financial system and the role blockchain technology will play, and the talk was not about Bitcoin, Monero or ZCash. According to her, central banks will use blockchain technology for the money of the future, but it's not going to be Bitcoin or Hive...
The lady says that the new financial system based on blockchain technology that will replace the old "paper-made one" will be more transparent due to blockchain's technology ability to record every damn transaction and that will for sure interfere further between the state and citizens when it comes to privacy, and according to her, we should have a digital constitution as well, just so the state won't turn into a big brother type of system.
I want to see that...
So, according to her, digital money is sovereign, but it's not Bitcoin or any other crypto that she's pointing at when saying sovereign... I know, I know, she's talking CBDCs, and in this regard, quite a few countries around the world, led by China in this trend, are close to fruition with their CBDCs development programs. The RBI released a concept paper that outlined its motivation, design choices, and technological considerations for the pilot phase of the CBDC project.
CBDCs... How the hell do I do that I always come down discussing these in almost every post... Well, it's because I'm triggered by the idea of some rat poison stealing the Bitcoin concept and adapting it to a nefarious plan designed for total centralization and government control. It's on us, though, to aceept it or not.
As you can see, we already have two parallel slopes going side by side. On one hand, we have blockchain based projects/businesses such as Hive and the so-called digital gold(Bitcoin), acting as a reserve currency(at least in the mind of some maxis) and on the other, there's this rat poison called CBDC which is becoming threatening.
Individuals such as @edicted and @taskmaster4450 will for sure disagree with me as they consider CBDCs to be already a failed attempt of the central bankers at creating a new type of money that would replace cash. I hope both of them are right and this rat poison(government-created digital cash) will die before it gets born.
It's on us, though. All the shit happening in the world is done with our consent. It's us who fight their wars, buy and eat their shitty food, killed "the family concept" and are after whatever social media is dictating to be "the life to live". Yes, blockchain is like that sharp kitchen knife that can help do miracles in the kitchen or can be used to stab someone.
It's not just one knife that we're talking about here. Even if they create these damn CBDCs, that doesn't mean there won't be alternative money out there. As a matter of fact, money, thanks to blockchain technology is just starting to evolve and the implications of blockchain technology go far beyond the idea that such technology is the concrete of a new form of cash.
Far more interesting stuff can be built using that concrete. Actually, we're not even talking of the same concrete in here, we're paralleling similar concepts, but whole different materials.
Hive is so undervalued imo, and while saying that I also feel like some crypto devs are so wasting their time on crap instead of focusing on what matters in this industry. That's about it for now. Have a nice Saturday and see you in the next post.
Thanks for your attention,
Adrian