The Social Credit System Is Coming...

in LeoFinance6 months ago

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To my brothers in cryptoland, you can feel it in your bones can't you? The creeping specter of invasiveness and control seen in the Chinese Social Credit System.

Like propositions in California which end up spreading around the country, these tentacles of Big Brother will not remain the purview of China, of that I'm certain. The reason is that it offers too much delicious control over the populace, and will end up being exported globally.

Those of you outside of cryptoland, enjoy your freedom while you can.

Loyalty To A Brand, Becomes Loyalty To The State

We've all seen those "rewards" cards that you sign up for at your local supermarket and other retail stores. When the first came out at the nearby Giants Market, you could pick one up by just asking for it to save on your gas purchases.

They've since changed it, and now you need a valid ID in order to get one. They want to know exactly who you are, as opposed to before when you could remain anonymous. So I picked up a bunch of them under the old system correctly assuming that this might be the case in the future, and I was right.

Recently they "upgraded" our college ID cards you know, to enable them to better "track" the students. They keep telling me that they don't "see" me in the system. I use the old card, which is a shielded card in a shielded wallet and doesn't have the tracking "feature" built in. They sent out an email a couple years ago for students to volunteer to swap their old ones for the new upgraded cards, but somehow I never got around to it...

I'm just not wired that way which is why I was attracted to crypto in the first place. However, I do stay up on all the latest news in tech and privacy (or the lack thereof), and see some form of a Social Credit System as an inevitability.

Thus, the easiest way to sneak this in is through these cards and of course partner apps. They'll offer discounts on products at first, then be rolled out (slowly) to other aspects of our lives. Remember the lotteries offering a prize to those who "got their jab" during the pandemic? Offer a prize for an expected behavior will be the rule of the day.

The days of my grandmother burying greenbacks in a jar in her backyard will be all over. Everything will be digitized meaning that "good" citizens will be rewarded with bonuses and discounts, while those "bad" ones won't qualify, and even worse, may have their assets frozen.

I could even see them offering social tax credits for those willing to comply, and even a bonus for those willing to swap your fiat and willingly join the Social Credit System world. Turn in $100 in bills and they'll enter $125 into your credit account.

What To Do About The Denizens Of Cryptoland?

Some people think that crypto will be outlawed at first, but I think something else is likely to happen. I believe they will try to co-opt the blockchain, as some of its features will prove attractive to onboarding the first pioneers into this new control scheme.

I see a period where influencers are paid to shill for the brand-spanking-new Social Credit System, in order to help rope in some of the more gullible members of the crypto community. This will give it a veneer of acceptability and the muggles will follow along. California may hold a referendum, and next thing you know, that's all she wrote.

But, there will be those diehards who will see the new offal for what it is. Freedom isn't free, and they're not about to give up their decentralized system, and will innovate their way around this digital infection.

Like silent warriors, we will use stealth and make use of the deep bench of our vibrant community to help maintain the freedoms we so dearly love. Thus the stage will be set for the next great battle in blockchain-space. And we'll fight (and win) this war together.

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CBDCs will make it possible for "Universal Basic Income" to be rolled out on a massive scale. In theory, everyone qualifies for UBI.

In practice, strings will be attached. This implementation of UBI will be used as part of the surveillance state, and if any red flags are caught then whoever has those flags will be penalized in some way or other: reduction in UBI; inability to use UBI; programmed worthlessness of the money in the UBI account; notification to appropriate authorities.

Cryptocurrency may co-exist with CBDCs for a while, but I can't see CBDCs permitting this co-existence indefinitely; at some point governments will ban cryptocurrency in ways that can't be done today. What I want to know is how cryptocurrency will survive this inevitable faceoff. So far I haven't seen anything explaining how.

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I can see all of that. Crypto holders will be the new Christians symbolically fed to the lions as a warning to the others. A solution will have to be found for tghis problem before its too late.

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I don't believe this will materialize in the Western country where we have a democracy in place. Fiat money and coins exist for centuries and will remain for a long time as well.

I admire your certanty, but the groundword is already being laid, and I believe each country will have their own unique flavor of a Social Credit System, the US included. Its important to realize that the Chinese model began not with government, but in the commercial worls, and we're seeing some of the same starting here.

I'd love for your opinion to be right, but the arc always seems to bend towards more survelliance and comtrol. One year ago, very few people thought the US Supreme Court would overtun Roe vs Wade. Now we know better. One minute we think it isn't possible, and then it happens.

With the shadowbanning on social media, the vaccine passports were a way of introducing the sort of control:reward that the system needs. On Twitter for instance, if you discuss certain subjects they increase the "velocity" of your tweets so that very few people see them as Jack Dorsey himself said in Joe Rogan. Talk about "approved" subjects, and you're good to go, same with YouTube, etc.

That's one of the reasons I left Blogger and joined what is now Hive. I wanted ownership and control of my content and Hive offers that.

That's one of the reasone we're here on Hive. The need to decentralize our lives will only grow in the future. We need the community on Hive now more than ever.

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I was not expecting a long response so long. But you are right with centralized social medias they have push it hard to shut your voice if you talk about sensitive subjects. Like the vaccine passport, I needed to enter at the restaurant during the pandemic.