This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.Edward Snowden has never shied away from controversy, so his recent thoughts on Central Bank Digital Currencies should come as no surprise. His comments were inspired by a recent NY Times opinion piece that detailed the possible implications of a CBDC.The most controversial take from the piece is as follows: "If cash were replaced with the digital dollar, however, the FED could impose a negative interest rate by gradually shrinking the electronic balances in everyone's digital currency accounts, creating an incentive for consumers to spend and for companies to invest."There are countless reasons why our government may decide to do this: greed, devaluing debt, policy financing, desire for greater GDP, addiction to stimulus… the list goes on and on. Fortunately for us, this is pure speculation and not our current reality. Edward Snowden, along with many other voices in the crypto space, fears the worst . He called CBDCs “the newest danger cresting the public horizon.” Let’s examine more closely what Snowden thinks about this new technology.The below quote caught the attention of the world, but the entire work is nothing short of a masterpiece."A CBDC is a perversion of cryptocurrency, or at least the founding principles and protocols of it—a cryptofascist currency, expressly designed to deny you the basic ownership of your money by installing the State at the center of every transaction."Snowden is an incredible political commentator. Unless you have an abundance of spare optimism, it is hard not to agree with his points. I highly suggest you read the full work. You can do so here.We can all agree that Central Bank Digital Currencies are potentially damaging to the privacy and financial health of the every day citizen. We can hope that governments consider this when creating their CBDCs, but it's hard to image them protecting privacy when violating it seems to be the very reason these coins are being created.The good news is that we have Bitcoin.In This Issue:Snowden Speaks On CBDCsBitcoin Thoughts And AnalysisAltcoinsCould Bitcoin Be Worth $1 Million?Ethereum Network Sees Massive GrowthBitcoin Network Settled 31B In A DayMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #347 - Snowden Speaks Out On CBDCs
The Wolf Den #347 - Snowden Speaks Out On…
The Wolf Den #347 - Snowden Speaks Out On CBDCs
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.Edward Snowden has never shied away from controversy, so his recent thoughts on Central Bank Digital Currencies should come as no surprise. His comments were inspired by a recent NY Times opinion piece that detailed the possible implications of a CBDC.The most controversial take from the piece is as follows: "If cash were replaced with the digital dollar, however, the FED could impose a negative interest rate by gradually shrinking the electronic balances in everyone's digital currency accounts, creating an incentive for consumers to spend and for companies to invest."There are countless reasons why our government may decide to do this: greed, devaluing debt, policy financing, desire for greater GDP, addiction to stimulus… the list goes on and on. Fortunately for us, this is pure speculation and not our current reality. Edward Snowden, along with many other voices in the crypto space, fears the worst . He called CBDCs “the newest danger cresting the public horizon.” Let’s examine more closely what Snowden thinks about this new technology.The below quote caught the attention of the world, but the entire work is nothing short of a masterpiece."A CBDC is a perversion of cryptocurrency, or at least the founding principles and protocols of it—a cryptofascist currency, expressly designed to deny you the basic ownership of your money by installing the State at the center of every transaction."Snowden is an incredible political commentator. Unless you have an abundance of spare optimism, it is hard not to agree with his points. I highly suggest you read the full work. You can do so here.We can all agree that Central Bank Digital Currencies are potentially damaging to the privacy and financial health of the every day citizen. We can hope that governments consider this when creating their CBDCs, but it's hard to image them protecting privacy when violating it seems to be the very reason these coins are being created.The good news is that we have Bitcoin.In This Issue:Snowden Speaks On CBDCsBitcoin Thoughts And AnalysisAltcoinsCould Bitcoin Be Worth $1 Million?Ethereum Network Sees Massive GrowthBitcoin Network Settled 31B In A DayMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO