Many in areas like this seem to think the Great Reset is detrimental. I'd like to explain why this is the wrong sentiment to have.

submitted by 369 from self.whatever

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[–]EmergentVoid 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (5 children)

Your money is digital currently

There is a difference between having a choice whether you keep your money digitally or physically and having no choice. The distinction is very important. Physical money brings control to you - you decide when and how you spend it and don't have to share with anyone what you spent it on. When you have no choice and have to keep your money digitally then the control is entirely with the owners of the banking/money system.

Blockchain privacy

What's your point on privacy vs secrecy? What advantage does blockchain's privacy bring? Do you think you will be able to audit Bill Gates if we are all on a blockchain system? Why would the money makers put a system in place (blockchain - bad privacy, no secrecy) that makes it less advantageous for them?

Let's talk about privacy first. Go ahead and reach in your pocket for me.

Same thing - choice. You can choose to leave your telephone at home if you don't want google to know where you've been. You can choose to not use internet services that collect data on you. Most choose to live with the surveillance, but HAVING the choice is extremely important.

[–]369[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

There is a difference between having a choice whether you keep your money digitally or physically and having no choice.

I'm not sure you've done enough to understand all of the requisite material in order to have this discussion.

Those papers in your wallet decrease in value significantly over the course of a measly few years. Its value is being tremendously diluted and constantly. Yes, you're correct that you have limitless permissions with cash and that it's been that way for over 100 years, where previous stores of value allowed significantly increased freedom. The difference now is that digital money does not have to have stringent restrictions like you've been largely convinced. Hell, one of the selling points of the bulk of Blockchain currencies is a permission-less system.

Now, let's put cash aside for a moment, since you're seemingly the exception to the debit/credit card adoption phenomenon. Maybe you should be reminded that you're standing on an island, essentially alone. Very, very few people use solely cash these days. Do you want to buy a house? You won't have an easy time finding a seller who will take all of the cash up front. It's the same with a vehicle. Hell, the vast majority of the people out there don't have the means to purchase a cell phone this way.

I think you're living in a bubble, my friend. Credit/Debit adoption is significantly deeper than you seem to notice.

What's your point on privacy vs secrecy? What advantage does blockchain's privacy bring? Do you think you will be able to audit Bill Gates if we are all on a blockchain system? Why would the money makers put a system in place (blockchain - bad privacy, no secrecy) that makes it less advantageous for them?

Please reread the excerpt from the Cypherpunk Manifesto that I posted. Afterward, just go ahead and read the whole thing at the link I offered you.

The advantage that Blockchain's "privacy" brings is that it removes all of the cluttered information that goes along with all of the institutional escrow services, remittance services, and plenty more financial tools. Not only does it put the control of finances in your hands and removes it from the control of banksters, the escrow fee discrepancies alone far outstand the current paradigm.

Do you think you will be able to audit Bill Gates if we are all on a blockchain system?

Yes. Did you think this was clever?...

Why would the money makers put a system in place (blockchain - bad privacy, no secrecy) that makes it less advantageous for them?

Now you're getting it. What is Decentralized Finance? Why are regulators currently scurrying to their wits end to sprint ahead of the Golden Bull run?

Same thing - choice. You can choose to leave your telephone at home if you don't want google to know where you've been. You can choose to not use internet services that collect data on you. Most choose to live with the surveillance, but HAVING the choice is extremely important.

Great point! You can also choose to use IOU Monopoly papers, an inflated, ambiguous magic money counter system that you're not allowed to see (Cue the Wizard of Oz reference further down) and you're free to put keep those Debt-stamped shackles on your wrists and ankles. Go ahead, choose more slavery. Enjoy that.

Instead, I'm going to keep learning more about and educating people about this permission-less, comparatively feel-less, trust-less decentralized distributed ledger technology that the banksters keep offering me rotten apples for if I ignore.

[–]tomatosplat 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

I use cash, and there are a lot of us. Even though my employer puts credit card tips on a pay card, I withdraw and spend it in cash. There are gas stations that i dont use because they dont give change for cash. There are stores I dont shop at because they want me to use credit or debt at a self checkout line. I have no problem avoiding these places.

[–]369[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The whole point is that cash is much less dependable: it erodes in terms of values at a staggering rate, especially compared to BTC's zero % depreciation rate, you have been convinced you have control over it and instead a central authority has ultimate control over it, bending you entirely to their whim and more of it is constantly produced without pause all without your say.

I'm trying to explain to you that cash too is entirely valueless. This isn't the case with Blockchain currencies. They are based on Maths. It was designed specifically to disrupt the banksters and the financial system.

Look, lets put what you do on the side for a second. Everyone else is still entirely under a rock. No, everyone doesn't know that cash is worthless, most people use Credit and Debit (which is much more convenient, mind you), way more people than you or I would probably guess are in some kind of debt and the vast majority of people see nothing wrong with this list. The outliers are insignificant in this endeavor. This message isn't for the privy.

I'm fully aware few of you realize what I'm doing for you, but you're going to see the value in what I'm telling you one way or the other. Let's just hope you don't figure it out while you're standing in line buying rope in about fourteen months.

[–]EmergentVoid 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

You seem to have completely misunderstood what the great reset is all about. You seem to think it's there to offer you freedom, but I think it's all about taking the little bit of freedom to have a choice in your life you have left away from you. Of course our current system is sub-optimal - the example you cite of not being able to buy certain things for cash are a testament to how much control we have already relinquished. But how is it an improvement if the rest of the little freedoms we still have are taken away? The model of that society is modern day China - except it will be much more restrictive, down to what foods you are allowed to eat and how much energy you are allowed to consume.

[–]369[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Again, I'm not advocating their preference. What I think would be optimal is to take a "Reset" approach, similar to NESARA/GESARA, and debut digital currencies to the proles. I'm not saying that what Schwab has planned is a good idea. Instead, what I'm trying to suggest is that a sort of "Reset" is inevitable anyway, considering the gargantuan plummet the USD will inevitably see, as per its failing design.

Maybe I didn't make it clear enough in the beginning: the point of this post was to reassure what appears to be misguided normies. Many of them are falling for demoralization tactics, which utilize FUD tactics, which are designed to scare them away from cryptocurrencies, which are designed to obscure their ability to comprehend the very thing you've pointed out - that we've already relinquished significant ground in terms of financial freedoms - We already have no privacy; we already have no financial freedoms. The problem with all of this is that too many are scared to death of the inevitable alternative: a wider array of digital assets as well as the expungement of the current USD, at least as the world reserve currency.

I never meant to say that all of the things that Schwab and his goons are vying for are beneficial to any of us. Instead, I'm trying to get people to see that it matters who controls the financial levers. If /ourguys/ can control the financial levers and adequately decentralize what's tainted through centralization, we can do a complete 180 and, instead of dismay and significant restrictions of liberty, we can fix what's broken, innovate the financial world such that it reflects the necessary requisites for mending our global economic woes and we can return the power of personal finance to individuals.

I do realize that I never quite got to the point and that was a mistake. Thanks for pointing this out.