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This is a sobering perspective for all digital currency advocates: State-owned digital currency can lead to total control of population. Putin doesn't want Ukr
by galaxyLogic 5y ago
This is a sobering perspective for all digital currency advocates: State-owned digital currency can lead to total control of population. Putin doesn't want Ukraine, he wants to isolate Russians to better control them.
- pohl 5y agoHe wants both. He wants the territory, either directly or via a puppet administration and, in service of that goal, he needs to control the population. Regarding territory, he'll take what he can get. He's in Ukraine because no one stopped him after Georgia and Crimea. If he succeeds in Ukraine, he'll keep seeking more.
- unfocussed_mike 5y ago> State-owned digital currency can lead to total control of population. He absolutely does not need to do this thing to have total control of the population. North Korea has total control of its population without digital currency, does it not? The fundamental way Putin has total control of his population is by having his opponents poisoned, thrown out of windows, or into prison. He has neutered the political system around him, he's shutting down independent media, it's a crime punishable by 15 years in jail to tell anything other than his story about the war, etc. Why does he need to do anything with a cryptocurrency? He can just keep crushing and killing people. I can't read the article but I am already sensing from the comments that it is probably totally crackers.
- unfocussed_mike 5y agoOK I've read it now. It's crackers. Wait: it's a Poe? All of cryptography is a Poe.
- jcadam 5y agoThe Federal Reserve keeps floating the idea of a state-issued crypto here as well....
- travisgriggs 5y agoWon’t alternative forms (e.g. good old fashion barter) spring up if the existing government back centralized method of value exchange becomes too repressive?