If the RESTRICT ACT (“Tiktok ban”) passes, it will be used to attempt a ban on #bitcoin.

Have any of y’all actually read the text of the bill?

This isn’t about Tiktok. This gives the executive branch total control to police the internet.

Wake up. pic.twitter.com/eBWM1LUZa2

— Bit Paine ⚡️ ⛓ 648 (@BitPaine) March 24, 2023

The devil is always in the details, never the headlines.

They are trying to block the exits before the digital devaluation of the dollar. https://t.co/kjsuq6Zlr1

— Balaji (@balajis) March 25, 2023

As posted before deleted and on the business board, the FedNow program is a CBDC but not a currency but a Control mechanism. They are doing their damnedest to secure all the outflow mechanisms as they lock us into a situation with no fire escapes... then they'll burn down the church of freedom, to the cheers of a certain type of people.

C@LAg said:

---

Adverse Event said:

---

As posted before deleted and on the business board, the FedNow program is a CBDC but not a currency but a Control mechanism. They are doing their damnedest to secure all the outflow mechanisms as they lock us into a situation with no fire escapes... then they'll burn down the church of freedom, to the cheers of a certain type of people.

---

no one as been "cheering".

we have been calling you out for your constant bitcoin-pumping by pointing out that the fedgov and euros will not let money escape their control and they will shut this down.

but you kept acting all smug and condescending proclaiming "muh bitcoin" is invincible".

---

When you remove your responsibility from the equation, it's easy to let "they/them" take things from you. Some people would call this a form of cowardice, some might call it defeatist.

Others, might take it as a call to action. Others still might shout out to their friends, peers, loved ones that preventative measure must be taken for their future.

Own some responsibility, they/them don't want you to be burdened by their decision... they'll make you safe from cradle to grave.

I thought Bitcoin was impervious

To be honest, I have no idea what that highlighted text means, just a bunch of legal speak.

Need more context and probably to reread it a dozen times .

In short it's vague on purpose and gives broad powers to declare threats and eradicate those threats to "the digital economy"?

So they pass this vague yet broadly powerful act first. Then say, oh hey we're going to a FedCoin currency. Then declare other digital currencies are threats to FedCoin and thus threats to "the digital economy"…

I mean it's plausible, so it's easy to see why some are sounding the alarm.

Problem is you can't just read a small snip like that from a bill. You need to read the relevant sections together.

Not saying it's wrong or right.

I'm too dumb to read legal speak like that and understand what it means.

DargelSkout said:

---

I'm too dumb to read legal speak like that and understand what it means.

---

That's a feature, not a bug.

It's no accident that bills are frequently thousands of pages long. We have to pass it to see what's in it!!!

digital currency is coming and will be implemented between the top 6 banks in america, the credit card entities and the fed. it may start off as one thing but the inevitable evolution will be control. it has already started.

on a separate topic once all of this is completed they will build the wall on the southern border. not to keep
immigration down but to keep us in.

Balaji said it best in the last few days.

CENTRAL BANK DIGITAL CONTROL != CBDC
FedNow is central bank digital control, even if it's not technically central bank digital currency.

I strive to be precise. So, let me make some important clarifications about FedNow, in response to critics
.
First: FedNow is highly centralizing. It's an instant payment system where every payment goes through a Fed-controlled server and must "comply with applicable controls"[1].

And the roadmap[2] is to support not just p2p payments but also "consumer-to-government" and "government-to-consumer", which means automatic debiting from your account and automatic stimulus. In other words, even more direct government control over your bank account.

The same Fed that sent interest rates to zero and then the moon, the same Fed that killed five of its own banks[3] and blamed their deaths on everything other than its own policies in July that Fed will soon have the visibility and power to monkey with your bank account directly to freeze or drain your funds at will with "applicable controls" and "consumer to government" payments, rather than being impeded by the current antiquated banking tech stack.

But yes, FedNow isn't technically a central bank digital currency (CBDC). There isn't a blockchain or equivalent where you can see the on-chain flow of every digital dollar.

However, it is what people *fear* when they talk about a CBDC. It's central bank digital control, even if it's not central bank digital currency. And it's a major step towards rolling out a full CBDC.

So I agree that the distinction between FedNow and a CBDC is important from a technical standpoint, but not from a civil liberties standpoint.

I think of FedNow as a little bit like a virus that has evolved to evade recognition by changing its sequence without really changing its function. People are immunized against the term "central bank digital currency", but not all forms of increased "central bank digital control", and FedNow is certainly the latter.

The fundamental question is whether FedNow increases the Fed's control as a system administrator over the lives of individuals. And the answer is that unfortunately it does. So FedNow is increased central bank digital control, even if it's not technically a CBDC.

So, any statute that bans CBDCs should also ban central bank digital control in the form of FedNow.

CITATIONS
See screenshots from FedNow documentation, and the PDFs below.

[1]: Pages 7-8: https://frbservices.org/binaries/content/assets/crsocms/financial-services/fednow/prepare-for-fednow/fednow-service-readiness-guide.pdf…
[2]: https://frbservices.org/binaries/content/assets/crsocms/financial-services/fednow/instant-payments-education/faster-payments-transactions.pdf…
[3]:

This is correct.

Allowing a government to get too big makes your bag of flesh far more pervious.

Bitcoin is impervious, you are not. Take responsibility for your vulnerable meat puppet.

Adverse Event said:

---

This is correct.

Allowing a government to get too big makes your bag of flesh far more pervious.

Bitcoin is impervious, you are not. Take responsibility for your vulnerable meat puppet.

---

You need to read further. It's even worse than that. Check out Sec. 3.C:

SEC. 3. ADDRESSING INFORMATION AND COMMUNICATION TECHNOLOGY PRODUCTS AND SERVICES THAT POSE UNDUE OR UNACCEPTABLE RISK.

(a) In General.The Secretary, in consultation with the relevant executive department and agency heads, is authorized to and shall take action to identify, deter, disrupt, prevent, prohibit, investigate, or otherwise mitigate, including by negotiating, entering into, or imposing, and enforcing any mitigation measure to address any risk arising from any covered transaction by any person, or with respect to any property, subject to the jurisdiction of the United States that the Secretary determines

(1) poses an undue or unacceptable risk of

(A) sabotage or subversion of the design, integrity, manufacturing, production, distribution, installation, operation, or maintenance of information and communications technology products and services in the United States;

(B) catastrophic effects on the security or resilience of the critical infrastructure or digital economy of the United States;

(C) interfering in, or altering the result or reported result of a Federal election, as determined in coordination with the Attorney General, the Director of National Intelligence, the Secretary of Treasury, and the Federal Election Commission; or

Signel said:

---

Balaji said it best in the last few days.

CENTRAL BANK DIGITAL CONTROL != CBDC
FedNow is central bank digital control, even if it's not technically central bank digital currency.

I strive to be precise. So, let me make some important clarifications about FedNow, in response to critics
.
First: FedNow is highly centralizing. It's an instant payment system where every payment goes through a Fed-controlled server and must "comply with applicable controls"[1].

And the roadmap[2] is to support not just p2p payments but also "consumer-to-government" and "government-to-consumer", which means automatic debiting from your account and automatic stimulus. In other words, even more direct government control over your bank account.

The same Fed that sent interest rates to zero and then the moon, the same Fed that killed five of its own banks[3] and blamed their deaths on everything other than its own policies in July that Fed will soon have the visibility and power to monkey with your bank account directly to freeze or drain your funds at will with "applicable controls" and "consumer to government" payments, rather than being impeded by the current antiquated banking tech stack.

But yes, FedNow isn't technically a central bank digital currency (CBDC). There isn't a blockchain or equivalent where you can see the on-chain flow of every digital dollar.

However, it is what people *fear* when they talk about a CBDC. It's central bank digital control, even if it's not central bank digital currency. And it's a major step towards rolling out a full CBDC.

So I agree that the distinction between FedNow and a CBDC is important from a technical standpoint, but not from a civil liberties standpoint.

I think of FedNow as a little bit like a virus that has evolved to evade recognition by changing its sequence without really changing its function. People are immunized against the term "central bank digital currency", but not all forms of increased "central bank digital control", and FedNow is certainly the latter.

The fundamental question is whether FedNow increases the Fed's control as a system administrator over the lives of individuals. And the answer is that unfortunately it does. So FedNow is increased central bank digital control, even if it's not technically a CBDC.

So, any statute that bans CBDCs should also ban central bank digital control in the form of FedNow.

CITATIONS
See screenshots from FedNow documentation, and the PDFs below.

[1]: Pages 7-8: https://frbservices.org/binaries/content/assets/crsocms/financial-services/fednow/prepare-for-fednow/fednow-service-readiness-guide.pdf…
[2]: https://frbservices.org/binaries/content/assets/crsocms/financial-services/fednow/instant-payments-education/faster-payments-transactions.pdf…
[3]:

---

Yep. It's here and we are f'ed now. Been calling it for a couple of years.

Good luck conservatives because we will become persona non grata.

Balaji is either unhinged or it's a marketing campaign for a16z crypto interests. Having said that, wheels are in motion and his advice will leave people trapped with no off-ramp. Without enormous participation from hundreds of millions, we cannot beat the Fed and govt on this. They'll close off-ramps from bitcoin and other crypto except through tunnels they control

BudFox7 said:

---

Balaji is either unhinged or it's a marketing campaign for a16z crypto interests. Having said that, wheels are in motion and his advice will leave people trapped with no off-ramp. Without enormous participation from hundreds of millions, we cannot beat the Fed and govt on this. They'll close off-ramps from bitcoin and other crypto except through tunnels they control

---

9 million people are not wrong! 🇫🇷

Macron RESIGN! 🔥pic.twitter.com/XTqjvaLsHG

— Dr. Anastasia Maria Loupis (@DrLoupis) March 24, 2023

Their infrastructure is far less invincible than "they/them" project to you over coordinated and consolidated channels.

Anything accepted as a medium of exchange between a WILLING seller and a WILLING buyer is currency.

BudFox7 said:

---

Balaji is either unhinged or it's a marketing campaign for a16z crypto interests. Having said that, wheels are in motion and his advice will leave people trapped with no off-ramp. Without enormous participation from hundreds of millions, we cannot beat the Fed and govt on this. They'll close off-ramps from bitcoin and other crypto except through tunnels they control

---

"Pacifists turn a blind eye to their own nature. They carry the genes of thousands of generations of predators who scorched the world and slaughtered their way to the top of the food chain. They are the children of their ancestors’ conquest, so comfortable https://t.co/GcXMo8XQRj… pic.twitter.com/XOnYU6uOZW

— Jason Lowery (@JasonPLowery) March 25, 2023

Don't forget your heritage.
(Full quote for those who refuse to click tweets)

Quote:

---

"Pacifists turn a blind eye to their own nature. They carry the genes of thousands of generations of predators who scorched the world and slaughtered their way to the top of the food chain. They are the children of their ancestors' conquest, so comfortable and complacent in their homes they built over the graves of the conquered that they forget their own heritage they forget they're the colonialists, conquerors, and peak predators benefiting directly from the activity they condemn."

---

If the restrict bill puts the final nail in bitcoin's coffin, then I'm for it.

You're missing the concept.

The nail is going in your coffin, not bitcoin's.

It's not hard.

Sid Farkas said:

---

If the restrict bill puts the final nail in bitcoin's coffin, then I'm for it.

---

I'm all about killing TikTok simply because it is China spyware/digital weaponry, but this comment is massively shortsighted.

I just simply do not understand the anathema against bitcoin.

The good news is that state governments, like TX and Florida amongst others, are proposing bills that would ignore any federal regulations opposing bitcoin.

Adverse Event said:

---

C@LAg said:

---

Adverse Event said:

---

As posted before deleted and on the business board, the FedNow program is a CBDC but not a currency but a Control mechanism. They are doing their damnedest to secure all the outflow mechanisms as they lock us into a situation with no fire escapes... then they'll burn down the church of freedom, to the cheers of a certain type of people.

---

no one as been "cheering".

we have been calling you out for your constant bitcoin-pumping by pointing out that the fedgov and euros will not let money escape their control and they will shut this down.

but you kept acting all smug and condescending proclaiming "muh bitcoin" is invincible".

---

When you remove your responsibility from the equation, it's easy to let "they/them" take things from you. Some people would call this a form of cowardice, some might call it defeatist.

Others, might take it as a call to action. Others still might shout out to their friends, peers, loved ones that preventative measure must be taken for their future.

Own some responsibility, they/them don't want you to be burdened by their decision... they'll make you safe from cradle to grave.

---

Balajis is a welching moron.

You can literally read the whitepapers from the Fed. They were sending secret letters that leaked showing their plan to use FedCoin for "social control." It was a proposal that was sent to some of the finance committee folks on the hill.

If you don't think the federal government is foaming at the mouth to have the power to control citizens just like China does, you clearly missed the covid jab mandates and having people fired for that BS. I would have called tin foil hat 5 years ago, but man, at this point, NOTHING is too far fetched anymore.

It is insane what is going on right in front of our faces because they don't even need to hide it as they burn it all down. More banks to crash in the next 90 days..... mark my words.

Signel said:

---

You can literally read the whitepapers from the Fed. They were sending secret letters that leaked showing their plan to use FedCoin for "social control." It was a proposal that was sent to some of the finance committee folks on the hill.

If you don't think the federal government is foaming at the mouth to have the power to control citizens just like China does, you clearly missed the covid jab mandates and having people fired for that BS. I would have called tin foil hat 5 years ago, but man, at this point, NOTHING is too far fetched anymore.

It is insane what is going on right in front of our faces because they don't even need to hide it as they burn it all down. More banks to crash in the next 90 days..... mark my words.

---

Everyone also forgets that Pelosi tried to get CBDC hidden and crammed into the first COVID bill but someone caught it and cut it.

The concept and technology will never go away SID. It is like trying to put AI back in the bottle once the source code is out there. There is literally no way to kill bitcoin because it lives offline and online. It is decentralized.

Bitcoin isn't as important as the concept of decentralization and not letting the FED screw you out of 5% or more of your income each year because that is their target, while taxing you 40% and shipping pallets of cash to Iran or Ukraine.

I don't care if it is gold or seashells. As long as the FED doesn't control it. Those Aholes aren't even a government entity.

I think technology exists thats 20-30 years more advanced than what's commercially available. Thats the sense that I get.

Adverse Event said:

---

BudFox7 said:

---

Balaji is either unhinged or it's a marketing campaign for a16z crypto interests. Having said that, wheels are in motion and his advice will leave people trapped with no off-ramp. Without enormous participation from hundreds of millions, we cannot beat the Fed and govt on this. They'll close off-ramps from bitcoin and other crypto except through tunnels they control

---

"Pacifists turn a blind eye to their own nature. They carry the genes of thousands of generations of predators who scorched the world and slaughtered their way to the top of the food chain. They are the children of their ancestors’ conquest, so comfortable https://t.co/GcXMo8XQRj… pic.twitter.com/XOnYU6uOZW

— Jason Lowery (@JasonPLowery) March 25, 2023

Don't forget your heritage.
(Full quote for those who refuse to click tweets)

Quote:

---

"Pacifists turn a blind eye to their own nature. They carry the genes of thousands of generations of predators who scorched the world and slaughtered their way to the top of the food chain. They are the children of their ancestors' conquest, so comfortable and complacent in their homes they built over the graves of the conquered that they forget their own heritage they forget they're the colonialists, conquerors, and peak predators benefiting directly from the activity they condemn."

---

---

The govt can and will close off ramps and bring crypto under its control and there is nothing anyone of consequence will do to prevent it. Yes if the masses banded together in an effort for change, it could be accomplished but this will never happen until there is a broad financial collapse.

BudFox7 said:

---

Adverse Event said:

---

BudFox7 said:

---

Balaji is either unhinged or it's a marketing campaign for a16z crypto interests. Having said that, wheels are in motion and his advice will leave people trapped with no off-ramp. Without enormous participation from hundreds of millions, we cannot beat the Fed and govt on this. They'll close off-ramps from bitcoin and other crypto except through tunnels they control

---

"Pacifists turn a blind eye to their own nature. They carry the genes of thousands of generations of predators who scorched the world and slaughtered their way to the top of the food chain. They are the children of their ancestors’ conquest, so comfortable https://t.co/GcXMo8XQRj… pic.twitter.com/XOnYU6uOZW

— Jason Lowery (@JasonPLowery) March 25, 2023

Don't forget your heritage.
(Full quote for those who refuse to click tweets)

Quote:

---

"Pacifists turn a blind eye to their own nature. They carry the genes of thousands of generations of predators who scorched the world and slaughtered their way to the top of the food chain. They are the children of their ancestors' conquest, so comfortable and complacent in their homes they built over the graves of the conquered that they forget their own heritage they forget they're the colonialists, conquerors, and peak predators benefiting directly from the activity they condemn."

---

---

The govt can and will close off ramps and bring crypto under its control and there is nothing anyone of consequence will do to prevent it. Yes if the masses banded together in an effort for change, it could be accomplished but this will never happen until there is a broad financial collapse.

---

Stay in your lane pen, domesticated critter.
Reference:

-THREAD-@JasonPLowery These pages within your “Justification” of SOFTWAR hit the nail on the head for me. As societies become increasingly domesticated via new technologies that make life more comfortable and convenient, it is only natural that the populace and their opinions pic.twitter.com/7QpWRF4QNC

— NuclearBitcoin ☢️⚡️ (@Nuclear_Bitcoin) February 25, 2023

Just because you WONT do something because you've been bred not to, doesn't mean others won't.

References:

Representative Cody Harris (@CodyforTexas) files House Concurrent Resolution 89 to protect the rights of #bitcoin holders in #Texas. cc: @TXblockchain_ https://t.co/e2z5SbmoJ1

— Natalie Smolenski (@NSmolenski) March 21, 2023

JUST IN: 🇺🇸 Bill introduced in Texas to boost local #Bitcoin economy & protect the rights of holders, miners, and developers 👏 pic.twitter.com/8YbSjbv86R

— Bitcoin Magazine (@BitcoinMagazine) March 21, 2023

Governor DeSantis of Florida has suggested a bill that would make it illegal to utilize central bank digital currency (CBDC) as a form of currency in the state#Crypto #DeSantis #CBDC #bitcoin $BTC pic.twitter.com/CheNl3vI2Y

— PRO BLOCKCHAIN (@PRO_BLOCKCHAIN) March 21, 2023

₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Wyoming passes bill protecting #bitcoin users.

The new "HB0086 Disclosure of private cryptographic keys" legislation states, “No person shall be compelled to produce a private key or make a private key known to any other person"pic.twitter.com/oMyGGbDynw

— Documenting ₿itcoin 📄 (@DocumentingBTC) February 26, 2023

You've really got no clue what you're talking about and your schtick turns everyone off from your agenda. You do a disservice to the ideals behind decentralization and the space and movement would be better off if people like you were not involved. Seriously, you're a cancer to the blockchain space.

And I guarantee I am more deeply involved in blockchain tech, utilization, funding, and development than you are.

Honestly don't want anything to do with "blockchain space" aka "slow-centralized-database-built-for-pump-and-dump space." But you do you homeskillet.

May your wheels spin profitably.

You have some really weird schticks.

Impossibly so.

Adverse Event said:

---

Honestly don't want anything to do with "blockchain space" aka "slow-centralized-database-built-for-pump-and-dump space." But you do you homeskillet.

May your wheels spin profitably.

---

Highlight yet another problem with bitcoin maxis. Everything not bitcoin is a pump and dump scam. Just can't help yourself with the attempted insults can you.

Clearly our philosophies are at odds with each other.

I think NFTs and games around them are a significant detractor from reality. A reality that would normally galvanize population bases to raise pitchforks and boil tar.

Now that chatgpt is running amok, the supply side of the gaming/entertainment industry is infinitely massive and nighly instant.

Truly do wish you the best, just wish you'd focus on different applications, primarily within bitcoin. Xoxo