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Money that Can Expirewww.skynews.com.au/insights-and-analysis/money-that-can-expire-rba-laying-groundwork-for-a-dystopian-financial-reality-where-money-is-given-a-brain-and-then-the-switch-is-handed-to-someone-else/news-story/540f4ddbd02fdb7c7436970dbec81c81
265 sats \ 9 comments \ @spiderman 9 Aug bitcoin
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15 sats \ 3 replies \ @hasherstacker 9 Aug
Giving money an expiration date or restricting where and how it can be spent is not innovation, it’s rather exploitive manipulation disguised as technology. Cash is simple: it works anywhere, anytime, without permission. Programmable money flips that on its head, putting a switch in someone else’s (elites) hands.
The only way out? Bitcoin. After all, why not! Once people accept money with a “brain” controlled by a central entity, they’re agreeing to be monitored, profiled, and nudged into manipulated spending habits.
The real dystopia isn’t in the future, it starts the moment people hand over their monetary sovereignty in exchange for convenience. Bitcoin is the opt-out, the rules without rulers. A monetary system that protects individual rights by design, not one that can be rewritten by decree.
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0 sats \ 2 replies \ @spiderman OP 9 Aug
The only way out? Bitcoin.
Only if there are reliable on-ramps without KYC (which is not the case in Australia) and ways to spend it without off ramp via centralised exchanges (which is also not the case in Australia).
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11 sats \ 0 replies \ @teemupleb 9 Aug
They could form P2P bitcoin to fiat trading groups on Signal, SimpleX, Vexl etc.
With more surveillance coming up, I feel like Bitcoiners need to be proactive in starting to build parallel societies and alternative institutions.
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0 sats \ 0 replies \ @hasherstacker 9 Aug
That's the reason the Bitcoin conferences aren't achieving serving the real purpose.
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5 sats \ 2 replies \ @Rothbardian_fanatic 9 Aug
Through a pilot called Project Pine, the RBA has begun laying the groundwork for a new financial architecture—one built not just on digital money, but on programmable money.
And that distinction matters.
Programmable money isn’t just a digital version of what you already use.
This article says the Austrialians, poor fools, are falling for a CBDC!!! They have been warned a thousand times by a thousand people about what this means. The step necessary before implementing CBDC is DigitalID, which they have accepted ”for the children”!!! People are just suckers for the children every time this comes up and they will surrender every right and freedom for the children. Australia, good luck with this!
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5 sats \ 1 reply \ @spiderman OP 9 Aug
It seems like countries like UK, Canada and Australia (sharing so much in terms of culture and history) are all falling prey to leftist wokeness, populist redistribution and authoritarianism at the same time, and, above all, their people seem to defend it.
Those who submit and conform will not hate those who forced them to submit and conform, but those who refuse to submit and conform.
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0 sats \ 0 replies \ @Rothbardian_fanatic 9 Aug
Yes, for some reason, the Anglosphere seems to be the group being targeted for this go-round of the merry-go-round. Perhaps we were able to resist the last spin of the wheel, so it is our turn this time.
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0 sats \ 0 replies \ @BlokchainB 9 Aug
ARK has VTXOs that expire
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0 sats \ 0 replies \ @Grateful 9 Aug
CDBC shite.
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