Will Blockchain and Crypto Be Used Against Us After Covid-19 Clears?

More than a decade in the past, Satoshi Nakamoto unveiled an clever digital cash system primarily based on blockchain, which may very well be adopted globally with out the worry of presidency or company management, besides the most unlikely 51% assault risk. However, what if the exact same know-how created to save lots of us will really be used in opposition to us?

Governments start to Like Surveillance Systems
The COVID pandemic has created a precedent when governments world wide implement probably the most draconian measures to lock down complete industries and preserve individuals at house. Some governments even use high-tech surveillance programs to trace residents.
China, the nation the place the brand new coronavirus begined, has already deployed large monitoring programs even earlier than the pandemic. Last 12 months, Bitcoinist reported on China’s social credit score system, which makes use of Artificial Intelligence (AI) and a big community of surveillance cameras with facial recognition to police residents. People are getting a rating for his or her habits, which can lead to penalties or perks, relying on the score. While the draconian system has been trialed in numerous areas, the federal government is adopting it at a nationwide degree within the coming years, and would in all probability use blockchain for storing information. President Xi Jinping has already praised the know-how in a transfer that shocked the crypto neighborhood.
Recently, Israel has flexed its muscular tissues and makes use of anti-terror tech to trace people suspected with the brand new illness. There is even an app the place individuals can verify on a map the place the contaminated individuals are at any given second.
It appears that the Trump administration needs to make use of an Israel-like monitoring system, however the White House is apprehensive about individuals’s reactions.
Even with no monitoring system for now, governments have imposed drastic measures. While the virus risk is critical, the worrying factor is that governments wouldn’t surrender their authority after pandemic ends. Former CIA agent Edward Snowden, who leaked the US spying strategies, believes that the surveillance states are right here to remain.
He advised Copenhagen International Documentary Film Festival:
When we see emergency measures handed, notably as we speak, they are typically sticky. The emergency tends to be expanded. Then the authorities grow to be snug with some new energy. They start to love it.
Besides Blockchain, Crypto Itself Can Be Corrupted by Central Banks
Besides blockchain, the very idea of cryptocurrency is more likely to flip in opposition to us. Earlier this week, the House Democrats proposed two payments that debate the created of a crypto-like digital greenback to be issued by the Fed. The new digital forex might be despatched on to people and companies, one thing that the Fed has by no means performed earlier than.
However, privateness advocates usually are not joyful a couple of greenback stablecoin issued by the Fed, as it could actually actually wipe out bodily money within the coming years and enable the federal government to achieve whole management over people’ funds.
Moreover, this could grow to be a worldwide phenomenon since main central banks worldwide are severely contemplating issuing digital currencies. The Bank of England, Bank of Japan, Bank of Canada, and others even fashioned a suppose tank to path the idea. A pandemic like this will surely encourage them to do away with money as quickly as attainable, however that doesn’t imply we’ll win from this.
Rockefeller Foundation Anticipated Snowden’s Concerns 10 Years Ago
Conspiracy theories apart, post-pandemic surveillance governments had been envisioned ten years in the past, even earlier than the SARS disaster begined.
In 2010, globalist-oriented basis Rockefeller Foundation simulated a worldwide pandemic in a doc titled “Scenarios for the Future of Technology and International Development.” The doc reads:
The United States’s preliminary coverage of “strongly discouraging” residents from flying proved lethal in its leniency, accelerating the unfold of the virus not simply throughout the US however throughout borders. However, a number of nations did fare higher — China particularly. The Chinese authorities’s fast imposition and enforcement of necessary quarantine for all residents, in addition to its prompt and near-hermetic sealing off of all borders, saved hundreds of thousands of lives, stopping the unfold of the virus far sooner than in different nations and enabling a swifter post-pandemic restoration.
The simulation hints that Western democracies had been initially reluctant to impose draconian measures, however quickly adopted China’s methodology because it proved profitable. The doc provides:
Even after the pandemic light, this extra authoritarian management and oversight of residents and their actions caught and even intensified.
The final line is sort of a copy-paste of Snowden’s warning, and the probabilities are that blockchain and AI will play a task on this.
Do you suppose that governments would impose extra management with the assistance of blockchain? Share your ideas within the feedback part!

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