This idea of the great reset gives me shivers. It is at base a very leftist utopia with a lot of control by the state. Debts are cleared for everyone, but you owe nothing more. Every time it was enforced, it failed terrible, why shall this work now?
Do you imagine that also computers suspected of hosting crypto-alternatives to the issued digital currencies, will be seized. That will be the challenge, to bypass the enforced system, to be able to use crypto.
Well for my it's Bitcoin and Barter, bypassing the state globally and locally!
Welcome to the world before 89 behind the iron curtain, with it's black economy...
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If my mortgage gets "cleared" who will lend us the money for the part of the purchasing price of the house that had to be borrowed?
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I guess your debt would just get transferred to the central bank?
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Makes a lot more sense.
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Here is the catch, your mortgage will be lifted, but you won't own the house anymore. That is a reset. It happened in communism, where houses have been seized by the state. You would "rent" them for a monthly small fee. That is the principle of communism, you own nothing anymore even if they say that all belongs to everyone, it is that you don't own a thing.
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That won't happen. Period. Private property is not going anywhere. I can guarantee you that. The reset they're talking about has nothing to do with communism.
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I hope also that this is not happening, but I was born a lived a fair amount in a part of the world, where it did happen and it happened very fast. If somebody fought back, either in a good case was jailed or shot directly.
History shall not be forgotten as it can happen again and again. I see so many young communist, that don't have a clue what they want.
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The world is run by wealthy old people, not young communists. Forget about communism. Not happening.
I hope you are right :)
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It's already in place in China. According to a couple of friends of mine working out there even the market vendors and buskers have apps - you just bump your phone to pay them, it's all linked into personalised surveillance.
It'd be unlikely that they could take down every Bitcoin rig, it's highly unlikely this will be every country joining in the global reset.
I could imagine South America and Africa becoming very popular with miners. I mean let's face it, one thing no one associated the government in DRC with is 'control of the country'.
Come to think of it wasn't Stan Larimar banging on about hosting on boats a while ago to circumvent national restrictions?!?
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Insanity at it's best. Everything you do is rated by AI and influences your life. Good puppy of the party, decent life. Fighter for freedom, family get's to pay the bullet after execution.
Guys from Google wanted to create a city like this outside of SF to bring in talent that does not get a working visa easily.
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