New York Fed Announces CBDC - How To Literally "Opt Out"
Freedom or Slavery?
(Listen to audio version of me reading👆)
CBDC = Slavery OR Bitcoin = Freedom?
Choice is up to us.
The New York Fed just announced they are going to start testing a digital programmable currency.
“Programmable,” meaning they can do whatever they like to your money, at any time.
Don’t like what you said on Twitter? Money is gone.
Don’t like how you were driving your electric car? Your inflation rate on your money is doubled this month.
Don’t like what you said on Facebook? Took some of your cash out of your account directly.
Don’t like that you bought a 3rd beer at the restaurant? Declined on the 4th.
This is no joke and the unproductive class thinks that we will all stand by while this happens.
They have another thing coming.
How are they rolling these things out?
It's not like people are clamoring to have their every move watched by the many state.
Or protesting in the streets to have their money frozen in their accounts.
In fact, it is quite opposite; people are literally protesting AGAINST all of this madness.
From Europe, to Canada, to Asia, to South America, to the United States.
Why do you think it is happening?
How do you fight back?
You vote with your feet, or for most people it would be voting with your money.
Voting with your feet is hard for the average person.
Not everyone can just pack up there stuff and their family in protest and move states or countries.
The unproductive class knows this.
This is a big way the ruling class takes advantage of people.
The government will change over time as younger politicians come to office that use bitcoin and understand the future.
But we are still probably 10 years from everyone really adopting and understanding bitcoin and separation of money from state.
We ARE the government as Jeff Booth rightly states it. We can affect change and vote the right people in to power.
Spend and replenish
Vote with your money is something EVERYONE can do.
If you are out of the legacy monetary network then it loses its value over time and the more people do it the faster it dies.
The faster it dies, the quicker the adoption of the best technology will win.
It is kind of like when MySpace came around and became a big internet sensation. Then Facebook came a few years later and took over and MySpace faded in to the sunset.
Facebook had much better product and network effects so everyone migrated to that system within 10 years.
Only difference this is money and not just a social media site. Facebook didn’t have governments trying to stop it.
People say that bitcoin cannot be used anywhere.
That is untrue, it can be used at thousands of businesses all over the world directly and growing by the day. Go to BTCmap.org for a map of many businesses around the world accepting bitcoin. You can even add to it.
Or you can use your bitcoin to buy fiat gift cards/debit cards to use in the fiat system all over the world at almost any place you would normally spend money.
Whatever you want to spend money on, buy bitcoin first and then spend it. Or buy with bitcoin and then replace quickly with bitcoin.
The cool part is you can usually do this anonymously because of the lightning 2nd layer on top of bitcoins 1st layer protocol.
The super cool part is paying in bitcoin many times will give you a discount on your items you purchase like you see if someone is paying in cash.
Stay strong,
Brandon
Not financial advice.
BONUS: Tax loss harvesting is something you can layer on as well to lower your tax base while giving you better tax incentives as well. Talk to a professional or CPA about this because it is something that is not hard but should be looked at by you and a professional.