Thread - Nostr Hypermedia

Guy Swann theguyswann@iris.to 11 months ago

Debt based money and privacy cannot coexist. You can't issue unsustainable debt without vetting borrowers on a deeper and deeper level. Credit based money is inextricably tied to ever more invasive surveillance. "Surveillance capitalism" and debt based money are the same thing.

Replies (5)

Vector5 Vector5@primal.net 11 months ago

Yes, issuers of debt have to know who owes them money and where the borrowed money is spent. If you borrow money, those who lend to you literally own you. Money is created by lending it. You have to pay it back with interest, but the interest is never created. The interest does not exist. Diabolical indeed.

Zsubmariner co@zsubmesh.net 11 months ago

Boom View quoted note →

Jake Woodhouse jakewoodhouse@primal.net 11 months ago

Especially when the “cash economy” is being squeezed Take Australia where I live for example Cash is being phased out as fast as possible

gladstein gladstein@primal.net 11 months ago

Maybe qualify this Ecash is debt and super private

clr clr@primal.net 11 months ago

The mint could demand kyc to get out and convert to bitcoin. So there you have it. You are dependent on the mint's goodwill and the mint not being seized by government.