Developer, Bitcoiner, Entrepreneur, Author of "The Truth About Bitcoin"

Sylvain Saurel

Your question is interesting in that most countries in the world now plan to follow this path.

In the case of governments, we will not speak of cryptocurrency, but rather of Central Digital Bank Currency (CBDC).

China has already taken a huge advantage in this area. Its digital yuan is now used in the test phase by several hundred million Chinese.

For China, the digital yuan is the perfect complement to the social credit system which makes it possible to monitor the lives of each Chinese even more closely and guide their choices and decisions. We recognize here the desire of the CCP to avoid seeing one day the people turn around and want to leave this authoritarian system.

The fact that Westerners who are still very critical of China in terms of democracy want to implement this type of CBDC in the years to come is quite fascinating because they are preparing for us a society of mass surveillance that some thought dystopian.

Dystopia is unfortunately becoming a reality.

You recently heard the European Central Bank tell you that its digital Euro project would be ready within 3 to 5 years. The Fed will also follow this path. Private banks will do everything to delay these projects because this would allow central banks to have a direct link with the people, which would constitute a huge loss of income for private banks.

For citizens, this will be presented as tremendous progress which should allow them to leave Bitcoin behind.

The powerful people at the head of the current system will be careful not to tell you that this represents a major risk in terms of privacy. With the wallets that will be made available to you to use these CBDCs, governments will be able to create profiles for each citizen and then little by little guide their choices before finally imposing them on them.

Do you doubt it? Look at what is happening in the United Kingdom with the NatWest bank, which has just implemented functionality to analyze its customers' spending to note each of their transactions according to their carbon footprint.

Based on this score, the NatWest bank advises its clients to eat more red meat or, for example, to no longer travel by plane, to reduce their carbon footprint.

For the moment, these features must be activated. But remember that in the future, all this will be made compulsory, and central banks will also follow the path of China which has set up an expiry date on the money it issues via its digital yuan by requiring people to use their money before a specific date in very specific sectors defined by the Chinese government.

This will allow the CCP to guide consumer spending and why not revive consumption in a desired sector.

If you want to escape this society of mass surveillance, you will have to quickly take necessary measures.

Your question is interesting in that most countries in the world now plan to follow this path.

In the case of governments, we will not speak of cryptocurrency, but rather of Central Digital Bank Currency (CBDC).

China has already taken a huge advantage in this area. Its digital yuan is now used in the test phase by several hundred million Chinese.

For China, the digital yuan is the perfect complement to the social credit system which makes it possible to monitor the lives of each Chinese even more closely and guide their choices and decisions. We recognize here the desire of the CCP to avoid seeing one day the people turn around and want to leave this authoritarian system.

The fact that Westerners who are still very critical of China in terms of democracy want to implement this type of CBDC in the years to come is quite fascinating because they are preparing for us a society of mass surveillance that some thought dystopian.

Dystopia is unfortunately becoming a reality.

You recently heard the European Central Bank tell you that its digital Euro project would be ready within 3 to 5 years. The Fed will also follow this path. Private banks will do everything to delay these projects because this would allow central banks to have a direct link with the people, which would constitute a huge loss of income for private banks.

For citizens, this will be presented as tremendous progress which should allow them to leave Bitcoin behind.

The powerful people at the head of the current system will be careful not to tell you that this represents a major risk in terms of privacy. With the wallets that will be made available to you to use these CBDCs, governments will be able to create profiles for each citizen and then little by little guide their choices before finally imposing them on them.

Look at what is happening in the United Kingdom with the NatWest bank

, which has just implemented functionality to analyze its customers' spending to note each of their transactions according to their carbon footprint.

Based on this score, the NatWest bank advises its clients to eat more red meat or, for example, to no longer travel by plane, to reduce their carbon footprint.

For the moment, these features must be activated. But remember that in the future, all this will be made compulsory, and central banks will also follow the path of China which has set up an expiry date on the money it issues via its digital yuan by requiring people to use their money before a specific date in very specific sectors defined by the Chinese government.

This will allow the CCP to guide consumer spending and why not revive consumption in a desired sector.

If you want to escape this society of mass surveillance, you will have to quickly take necessary measures.

Sylvain Saurel

Should each country create its cryptocurrency?