This is going to be one of the worst things with regards to privacy. If we convert our money to digital where the government can track it, it can literally take your money whenever it wants. Right now the government can flag your passport when you try to travel and you have no warning or no reason and no clear way to get your passport unflagged.
I know one person personally who makes what we thought were just regular political commentary on his social media. Nothing like violence or whatever. Regular stuff and he was living overseas, tried to go to China for vacation to see the Great Wall of China, etc. and the Chinese said the US government flagged his passport. They didn't know why, all they know is there is an international warning on it so they couldn't let him in. He went to the US embassy and they didn't know. Told him to try one agency, and that agency said another. They guy was literally stuck in a foreign country and didn't know why.
Anyway, the same can happen with your 'digital currency', for whatever reason since the Fed has control of it, they can decide to freeze your account. No reason given. The IRS could say you owe money and just take it. They do it now. I know for a fact that if you have over 10k wire coming or going in your account the banks, all banks, even foreign banks must alert the US government treasury and if they deem fit, they can simply freeze your account or take the money and you have to prove how you got it legally. It's basically you are guilty and you have to prove your innocence after. Completely unconstitutional but the government has normalized breaking the constitution that even the Supreme Court says you have no expectancy of privacy. Basically, although invasion of privacy is illegal, the cops or the government do it so much, you shouldn't expect it. Completely asinine logic but the SC works as a tool of the system.
How does this or can this affect black empowerment directly? What if in the not too distant future the government insists reparations are paid with this digital currency? Also, how do we know it can't be hacked? The dollar is becoming devalued as time goes on and what if reparations trick bag is to try and trick FBAs into accepting a form of money that it knows can be devalued where its not worth anything close to what you think it is? I'm not saying opt for gold or whatever. What I am saying is this has to be carefully reviewed and an internal think tank that is defensive, meaning, playing 3D chess to anticipate trick bags to make reparations or any other tangibles devalued or non-effective.
I know one person personally who makes what we thought were just regular political commentary on his social media. Nothing like violence or whatever. Regular stuff and he was living overseas, tried to go to China for vacation to see the Great Wall of China, etc. and the Chinese said the US government flagged his passport. They didn't know why, all they know is there is an international warning on it so they couldn't let him in. He went to the US embassy and they didn't know. Told him to try one agency, and that agency said another. They guy was literally stuck in a foreign country and didn't know why.
Anyway, the same can happen with your 'digital currency', for whatever reason since the Fed has control of it, they can decide to freeze your account. No reason given. The IRS could say you owe money and just take it. They do it now. I know for a fact that if you have over 10k wire coming or going in your account the banks, all banks, even foreign banks must alert the US government treasury and if they deem fit, they can simply freeze your account or take the money and you have to prove how you got it legally. It's basically you are guilty and you have to prove your innocence after. Completely unconstitutional but the government has normalized breaking the constitution that even the Supreme Court says you have no expectancy of privacy. Basically, although invasion of privacy is illegal, the cops or the government do it so much, you shouldn't expect it. Completely asinine logic but the SC works as a tool of the system.
How does this or can this affect black empowerment directly? What if in the not too distant future the government insists reparations are paid with this digital currency? Also, how do we know it can't be hacked? The dollar is becoming devalued as time goes on and what if reparations trick bag is to try and trick FBAs into accepting a form of money that it knows can be devalued where its not worth anything close to what you think it is? I'm not saying opt for gold or whatever. What I am saying is this has to be carefully reviewed and an internal think tank that is defensive, meaning, playing 3D chess to anticipate trick bags to make reparations or any other tangibles devalued or non-effective.
