TD₿: Bitcoin Is The Only Way To Opt-Out by Rhythm Trader
TL;DR Bitcoin represents an exit from the cashless dystopia being pushed on society by central banks and politicians.
Hey Bitcoiners,
I’m sure by now you’ve heard the news of Terra’s UST algorithmic “stablecoin” imploding and breaking its peg. As some of you may know, I’ve been pounding the table about the risks of UST for some time now, but even I was surprised at how fast it failed.
But instead of focusing more on that scam, I’d like to turn your attention towards a much greater threat to our world — CBDCs.
As the world has gone digital and the traditional financial systems risks being disrupted, the central bankers in charge of the money printers are scrambling to bring about CBDCs to maintain their power and control.
An important point here is that in order for CBDCs to work, cash will need to be dealt with. If people can escape to cash and just hold it under their mattresses, it would make it very difficult for central banks to implement policies like negative interest rates.
This is precisely why we’ve seen some central bankers and economists demonize cash as “dirty” and “only used by criminals.”
Rhythm Trader wrote this blog post that goes into the current war on cash and how Bitcoin is a form of digital cash that cannot be stopped (11/19/2019).
As central bankers try to transition from cash to CBDCs, the privacy and sovereign rights of individuals are being threatened.
Bitcoin offers people a decentralized and permissionless form of digital cash to escape from this dystopia central banks are attempting to build.
Tick tock next block,
Cory Klippsten
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Quote of the Day
“FYI, this is why we say Bitcoin is a game of survival (not features), it will prove most trusted over the long term, and has no real competition. It is inevitable that a major storm hits us. What will you hodl when the time comes?” - Guy Swann, Host of Bitcoin Audible
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