Friday, December 6, 2024

Sleepwalking through the digital imposition (inquisition)

Editor's note: Again, it needs to be pointed out that bitcoin and cryptocurrencies are not money. Why would Americans allow technologists to take control over money that should be a public utility? What an insane idea. The technologists will claim people don't understand how bitcoin and blockchain technology work. What does that mean? Leave all this up to technologists who plan on tokenizing every aspect of our existence? Those most opposed to the opposition of this technological rollout are the ones who have profited off it so they are going to aggressively defend it. Most as has been convincingly demonstrated are literally sleepwalking right through this technological imposition of AI technology, cryptocurrencies and blockchain. It really is apt to suggest most are building a structure they are going to participate in but they don't know the structure they are building is their own scaffold. Australia is the experimental country for all this.

We DO NOT want a "reserve currency" - WE WANT MONEY
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Despite More than 1600 Tech Scientists Signing a Letter Calling Crypto a Sham, Trump Names a Crypto Cheerleader for SEC Chair

By Pam Martens and Russ Martens | December 5, 2024 ~

Two years ago, more than 1,600 computer scientists, software engineers and technologists from around the world sent a letter to U.S. Senate and House Committee Chairs, Ranking Members, and Congressional leaders.

There were 45 signatories that were employed at Google at the time; 19 who worked at Microsoft; 11 employed at Apple. There were signatories that are Ph.Ds from the most prestigious universities in the world, including the University of Oxford and MIT. And all 1,600 signed a letter that says this about crypto and blockchain:
"We strongly disagree with the narrative—peddled by those with a financial stake in the crypto-asset industry—that these technologies represent a positive financial innovation and are in any way suited to solving the financial problems facing ordinary Americans…

"As software engineers and technologists with deep expertise in our fields, we dispute the claims made in recent years about the novelty and potential of blockchain technology. Blockchain technology cannot, and will not, have transaction reversal or data privacy mechanisms because they are antithetical to its base design. Financial technologies that serve the public must always have mechanisms for fraud mitigation and allow a human-in-the-loop to reverse transactions; blockchain permits neither."
The letter links to an article from Bruce Schneier, a Security Technologist who teaches at the Harvard Kennedy School. The article appeared at Wired on February 6, 2019 under the headline: "There's No Good Reason to Trust Blockchain Technology." The article makes the following salient points:
"What blockchain does is shift some of the trust in people and institutions to trust in technology. You need to trust the cryptography, the protocols, the software, the computers and the network. And you need to trust them absolutely, because they're often single points of failure.

"When that trust turns out to be misplaced, there is no recourse. If your bitcoin exchange gets hacked, you lose all of your money. If your bitcoin wallet gets hacked, you lose all of your money. If you forget your login credentials, you lose all of your money. If there's a bug in the code of your smart contract, you lose all of your money. If someone successfully hacks the blockchain security, you lose all of your money. In many ways, trusting technology is harder than trusting people. Would you rather trust a human legal system or the details of some computer code you don't have the expertise to audit?"
In 2019, Trump Tweeted that "Bitcoin and other Cryptocurrencies" are "based on thin air" and "can facilitate unlawful behavior, including drug trade…." In 2021, Trump was on Fox Business calling crypto a scam. But all that was before crypto billionaires began plowing big money into his latest campaign for President and he and his family created their own crypto firm, World Liberty Financial. Now Trump is all in on crypto and pledging to make the U.S. the crypto capital of the world.

This past July, Trump delivered a speech at the 2024 Bitcoin Conference in Nashville, Tennessee. At 46 minutes and 10 seconds (46:10) on this CSPAN video of the Trump speech, you can hear Trump say this to the audience:
"America will become the world's undisputed bitcoin mining powerhouse. You'll be a bitcoin mining powerhouse. You will not have to move your family to China. We will not be moving to China. As we implement these reforms, Bitcoin and crypto will grow our economy, cement American financial dominance and strengthen our entire country, long into the future…."
Yesterday, consistent with what Trump is doing with other federal agencies, Trump nominated a crypto cheerleader, Paul Atkins, to become Chair of the Securities and Exchange Commission. And, unlike some of Trump’s other jaw-dropping picks, Atkins has actual prior experience at the SEC, so he will more than likely pass Senate confirmation.

That could make Atkins an extremely dangerous man to U.S. national security interests because crypto mining is adding to the heating of the planet and life-threatening climate change.

Please go to Wall Street On Parade to continue reading.
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Short discussion on this being a sovereignty problem when it comes to this technology:





Missouri is moving in the right direction:



More:


Under President Donald Trump and Elon Musk the US economy is being taken into space:



David O. Sacks who is Jewish is closely connected to Peter Thiel with Palantir and Elon Musk through the "PayPal Mafia":



Santa isn't making a list, the deep state is:



As far as integrity and honor is concerned in the digital tyranny coming they got tossed out the window:

What Happened to Integrity and Honor?

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