Avoiding The Social Credit Score
As the price of Bitcoin gains traction and the public becomes increasingly aware of its influence, the debate on how society can run its currency with Bitcoin gradually emerges.
Central to these concerns, particularly as central bank digital currencies (CBDC’s) also enter the realms of discussion, is the issue of privacy.
Managing the issues around privacy is an area that I touch on in my book Truth Decay – How Bitcoin Fixes This, as I recognise that it is an important topic.
I would go as far as to say that the debate around privacy is one of the most critical issues that we ought to concern ourselves. In today’s society, the internet world has opened up myriad possibilities. In many respects, some would say it has led to the best of times and the worst of times. Opportunities become endless in terms of what humanity can achieve, the knowledge shared, and how they communicate with each other. On the other hand, it could give nefarious actors the ability to control humanity in ways that have never been possible before.
Without a clear understanding of the issues involved, it becomes a minefield that is treacherous to manage. Most people just want an easy way to get on with their lives without having to think about such things, but unfortunately, ignoring the issues or being unaware of the implications could be profoundly damaging.
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