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Total Transparency on a Public Core Ledger is the Only Way a Digital Pound CBDC can be Adopted

A digital pound on a Public Blockchain is the only way to end the CBDC surveillance fear program. And make an open door to push on for the digital pound. But why? Transparency, is why. There are 2 firms of transparency: 1) we recognise the state needs transparency of transactions to be able to trace and follow money laundering, fraud and other crime obviously 2) The People need transparency to be able to trace and follow the actions of the state That is all. Both simultaneously are only possible on a Public Blockchain core ledger. A private core ledger of any kind destroys this opportunity. Because the people will simply not trust anything less transparent. This is abundantly clear in the widespread narrative already capturing the people, as a fear program making a digital pound no more than a talking shop. We can resist what the people believe only in as much as the digital pound never gets adopted. Or we can think innovatively and push on that open door. # bankofe
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A single public blockchain infrastructure is the only way a CBDC will work because of trust

Government say they need their CBDC to be transparent. That is to say, so that they can trace and follow crime on their new cash system. I don't have a problem with that so long as every citizen's privacy is maintained. But this is not the total extent of what transparency needs to be, if, government wants to make a CBDC work. For a CBDC to work fully, for both that nation and all its citizens, transparency needs to be in totality. What exactly do I mean by this? Government, having been misled by fintech for more than 5 years now, and having failed to deliver on certain promises in 2019 using crippled crypto protocols, no longer believe a CBDC can be done on chain. But do they know it all? For there is a blockchain (DL) protocol that has always been able to deliver. And fintech have deliberately hidden it from view.  But its not about "my protocol is better than your protocol". It is about private blockchains which are what fintech has filed to deliver on for so long,

A single public blockchain infrastructure is the only way a CBDC will work. Because of trust

A single public blockchain infrastructure is the only way a CBDC will work because of trust. It's the only way government will be able to convince the people it is trustworthy. Its not a technical challenge which is is already solved anyway.  It is a trust opportunity which needs to be boldly attended to.   Government say they need their CBDC to be transparent. So that they can trace and follow crime on their new cash system. I don't have a problem with that so long as every citizen's privacy is maintained.  But this is not the total extent of what transparency needs to be, if, government wants to make a CBDC work. For a CBDC to work fully, for both that nation and all its citizens, transparency needs to be in totality. What exactly do I mean by this? Government, having been misled by fintech for more than 5 years now, and fintech having failed to deliver on certain promises in 2019 using crippled crypto protocols, no longer believe a CBDC can be done on chain. But do they

The Wisdom of Assange, Snowden & Ulbricht, Relative to Dr. Craig Wright

Making my way along High Holborn from London's High Court today at the end of the trial of COPA versus Dr. Craig Wright, I was thinking about how the crypto world has been on a witch hunt for Wright for 8 years now. Does this collective of 'investor citizens' hate him so much because his adventure reveals their own complicity in systemic crime? Let's take a very brief look at some history... The feds were tracking Edward Snowden and Julian Assange from day one. Because both believed Bitcoin was anonymous and encrypted, so also foolishly believed it is censorship resistant so cannot be traced and followed by the law. Yet anyone who has made a cursory analysis of how crypto works knows all transactions are sent in clear text. For anyone who refuses to believe this is so simple, cast your minds back to how successfully a narrative operated during the pandemic. In convincing not only nations, but an entire planet to just believe the story being told. I'm not implying th

Dr. Craig Wright Has Called Me a Communist Several Times for the Exact Reasons Mentioned Here

And I quote: "And in the mutations of fortune, some slaveholders would be constantly falling into the class of intermediaries and finally into the class of slaves, while individual slaves would be rising. The conscience, benevolence or gratitude of masters would lead them occasionally to manumit slaves; their interest would lead them to reward the diligence, inventiveness, fidelity to themselves, or treachery to their fellows, of particular slaves. Thus, as has often occurred in slave countries, we would find slaves who were free to make what they could on condition of paying so much to their masters every month or every quarter; slaves who had partially bought their freedom, for a day or two days or three days in the week, or for certain months in the year, and those who had completely bought themselves, or had been presented with their freedom. And, as has always happened where slavery had not race character, some of these ex-slaves or their children would, in the constant movem

Why Do All Tenants and Mortgagors Act Like Slaves, Even in the Modern World?

Theres a big media event currently about EU farmers. I'm astonished that no one has realised yet, that they are de facto slaves, facing the same consequences society willingly projects onto them. I do not understand the sudden concern. And I quote:  "Robinson Crusoe, as we all know, took Friday as his slave. Suppose, however, that instead of taking Friday as his slave, Robinson Crusoe had welcomed him as a man and a brother; had read him a Declaration of Independence, an Emancipation Proclamation and a Fifteenth Amendment, and informed him that he was a free and independent citizen, entitled to vote and hold office; but had at the same time also informed him that that particular island was his (Robinson Crusoe's) private and exclusive property. What would have been the difference? Since Friday could not fly up into the air nor swim off through the sea, since if he lived at all he must live on the island, he would have been in one case as much a slave as in the other. Cruso

The Intersection of the Upcoming Bitcoin Halving and the COPA versus Wright Trial

Sometime in April, when the predefined number of blocks have been mined, the subsidy which miners receive for creating blocks of transactions, will be cut in half. This is all legitimate and understood. To keep mining at the same rate of profit, miners will either have to commit twice as much of their savings, to proof of work costs, to remain above water hope the price gets pumped either legally or not, to account for the loss of subsidy Meanwhile sometime in March 24, just prior to the halving, the COPA versus Dr. Craig Wright case to determine if Wright is Satoshi Nakamoto - inventor of Bitcoin, will be ruled on by Mr. Justice Mellor in The High Court of Justice in London. What a coincidence! Who would like to speculate on: If this is actually a coincidence or the risky strategy of one side or the other? If Wright wins, what will happen to the price of Bitcoin at an exceedingly critical time for buyers and sellers? Likewise, if he loses? Whatever happens in the trial, Bitcoin will r