I recently did an internal report for a small research group regarding the House Committee regarding the President's Working Group on Stablecoins and the Future of Finance.

Obviously, it was very recent, since they only had the meeting last week- hehe.

I could go on at-length about the negatives inaccurately placed in the actual report. I could go on about how crypto don't care, but it's about to in a big way. There are a lot of things I could go on about, and there's a good chance I will, but, for this little ditty, I just want to focus in on Bill Foster's comments (IL Democrat) and where he's involved in this. A Bipartisan interest in using RealID for the U.S. linked to a digital identity through a participant's smart phone, is there concept how a person should be allowed to use crypto in the very near future.

The idea here, is that those troublesome ransomware shadowy super-coders, money launderers and human traffickers we all talk to on Crypto Twitter every day, won't be able to use crypto under some false identity. Now, Crypto Gordon here doesn't worry about a ting, mon, because every little ting, gonna be alright... as an imaginary 3D cartoon superhero I can't really weigh in on a retinal scan since mine was created with 3D graphics, but if I were a human being, I'd take issue with this.

In a separate blog article, I will address what I see as the pompous, yet global stance the governments of the world are taking on such things, but for now, let's just say that in the spirit of everything that cryptonians celebrate, the likes of what is happening with Trudeau is exactly why good people value their privacy.

The adage that still gets thrown around that ticks me off, is that "if you aren't doing anything wrong, you don't have anything to worry about". To which, I point out in a million different ways how naive that is. At best, it's naive, at worst, it's simply out of touch with reality.

If you think that honkhonk is only about 35% of Canadians, you are believing far too much about what the media spoon feeds. Sure, I'm already concerned about my daily comforts, and supply chain is the reason much of that works as it does in the modern world. But, if we don't stand up for freedom, none of us remain very comfortable. If all they have to do to make their technology your problem, is disagree with what you believe, and that is all it takes to shut your money down entirely, that's a problem.

The very spirit of crypto is that we find good reason every day, not to trust government, not to trust their part of the banking system, not to trust the diminishing value of the dollar, not to trust the corruption that comes with petro dollars, not to trust when governments shove medical advice on us that changes the second there is a political disadvantage to the messaging. Our desire for privacy isn't based on whether we are all trying to get away with something, and least for the vast majority.

Every day I see people talking about DeFi, lending, trading, HODLing, where to get a crypto friendly credit card, hoping for a real spot ETF, sharing news about a bank somewhere that just went pro crypto, talking about a country somewhere that just went pro crypto.

I spend zero time in the dark webs of the intranetsemail thing. I know that Bitcoin got its first big debut due to Silk Road. I know that ended badly, as well it should have. I am sure that bad stuff goes down with crypto payments. Even adult sites likely integrate it for anonymity, but up here on the surface where the mass population resides, we are interested in earning profit, HODLing valuable freedom assets, converting Bitcoin IRAs, avoiding paying unfair  t@x-s to a defunct illegal Federal platform (very different from evading!!!!!), and of course the DEX vs CEX, DeFi TradFi, Michael Saylor institute of seriously smart stuff, and the list goes on.

So, if the majority of the interest in a technology revolves around the positive things that can come from that technology, upping the surveillance on the technology itself is seriously flawed if the goal were actually catching the 3% criminals. But here's the thing; you thought KYC/AML was bad, wait til you hear what they have planned.

That meeting with the House Committee dealing with the President's Working Group- the only thing in the 4 hours they met that both sides agreed on, was their desire for a "legally traceable" digital ID with executable judgments in court with countries that we have extradition treaties with, and both sides also agree that "KYC simply isn't enough". One way to go is to merge the RealID system digitally to a person's smart phone.

Here's what I want you to consider

Your phone has whatever apps you use.

It has your GPS.

It provides every conversation and text to and from every person on the planet recorded and stored in petabytes daily, by the NSA and other agencies.

The Digital Dollar and every country equivalent, will merge with that smart phone, and will know where you are when you make a payment, time stamped, and that payment system will not have any intermediaries between you, the Central Bank (THE, not A, but THE), the Executive branch, the IRS. This is the technocracy that Communists, Fascists and Globalists alike have always lusted after.

There are some good players in Congress who are currently fighting to protect a person's right to self custody and hold private wallets. People may think that if they use VPNs and a Desktop or Laptop for their wallet or a hardware wallet, that they are maintaining privacy. That is, like 10% true.

Every computer has hardware ID, and anyone using anything other than encrypted email leaves a valuable detailed digital fingerprint in everything they do. But, tying one's buying behavior directly to all of their other activities means that the dollar becomes a smart surveillance tool, giving the first generation governments who provide the technology a front row seat to what it is like to own every data point about every citizen on the planet.

This becomes infinitely larger a security issue for every one of us, than the teeny weeny itty bitty tiny miniscule bit of safety provided in going after those bad guys over there (Gordon pointing his finger).

KYC simply isn't enough

So, name, address, phone, social security or govt id, retinal, facial recog, recent bill... not enough, to allow someone to use a dollar.

So, what does "more" look like?

More looks like utilizing all of these things and more, tied first to your smart phone, and in later years simply to you. The CCP doesn't allow it to get out that they are already using 5G to publicly identify every citizen, so their payment system will soon be able to automatically pay, for instance entering a subway, by the person walking through the station. Swiping for payments will be as automatic as swiping one's phone, except it will not require the phone.

Most people don't see the danger, because they don't understand the nature of the danger. If you haven't noticed, every platform online is more and more non-permissible with certain trains of thought, certain philosophies and beliefs, political opinions. Imagine tying that directly to your money, a social credit score already in pilot program in China, Sesame Credit, where your credit score, access to travel, many other things, is tied to your loyalty to the state.

In the first year that the VR gaming world introduces an add-on technology that allows a game to read your mind, it happens to be the same year the government wants to increase KYC, of course for our protection, to be tied directly to our devices that secure ALL of our other surveiled interactions with friends and family, and strangers.

Even if this were just about trusting the government not to leak our personal information, which undoubtedly they will, it would be so disastrous for the cause of freedom it's hard to fathom. But, just watch Trudeau. You don't like a cause? Make it illegal to pay them in money. That didn't happen fast enough? Make it illegal to send them Bitcoin.

Think people are sending it anyway? Sure, but when they pass these laws, and they will unless you help me stop them, a rule is a rule, whenever they say it is a rule. A mere case of sniffles is the only excuse they need to invoke martial law. It happens that easily.

I really could go on all day, but I've made my point well enough.

Thank you for reading.

In my next post, I am going to cover my thoughts about Congress weighing in on stablecoins and the little piece of ignorance it displays.

And on that freedom-loving, surveillance hating note, Crypto Gordon Freeman, the free man, for now... out.