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Unlimited Hangout with Whitney Webb

The Bitcoin Dollar & Crypto-Colonialism with Mark Goodwin

Unlimited Hangout with Whitney Webb

Whitney Webb

News

4.91.2K Ratings

🗓️ 6 June 2023

⏱️ 151 minutes

🧾️ Download transcript

Summary

Whitney is joined by Bitcoin Magazine's Mark Goodwin to discuss how bitcoin is being used by some to dollarize the world and entrench the very same financial power structures, particularly in the developing world, that bitcoin was ostensibly created to challenge. Also discussed are suspect stablecoins and the roles of some in crypto in building out the global digital surveillance panopticon and testing those technologies on vulnerable populations.

Show notes

Follow Mark Goodwin: @markgoodw_in, Bitcoin Magazine Store, and Articles by Mark Goodwin - Bitcoin Magazine.

Originally published 06/02/23.

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Transcript

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0:00.0

Hey and welcome to Unlimited Hangout. I'm your host, Whitney Webb. If you are closely following the rollout of the global biometric surveillance slavery state under the guise of the fourth industrial revolution, you may have noticed that many of the powers building and promoting the system have a soft spot for digital currency. Many digital currencies with currently existing and in the works are being used to build the infrastructure for complete currency. Many digital currencies, what currently existing and in the works,

0:22.1

are being used to build the infrastructure for complete centralized control and the eradication

0:26.8

of privacy, specifically financial privacy. Hence the war on cash and the lesser-discussed

0:32.3

war on encryption and bid to label privacy-focused cryptocurrencies as national security threats and drivers of so-called cybercrime.

0:41.3

Many of the most predatory pilots of the Fourth Industrial Revolution Technologies,

0:45.8

which are routinely tested on refugees, stateless people, and other incredibly vulnerable populations,

0:51.7

involve linking digital ID in some sort of digital currency or token.

0:56.3

As is to be detailed in unlimited hangouts next installment of our Sustainable Development Goals

1:00.8

series, the UN specifically links mandatory digital ID globally to financial inclusion and argues

1:06.6

that digital currencies are necessary in order for so-called sustainable development to advance.

1:13.1

While the pitfalls and dangers of digital currencies are more apparent than ever, there is a

1:17.5

cultural rift among those who, at least once upon a time, saw certain technologies and developments

1:22.9

under this umbrella, like blockchain and Bitcoin, as a potential exit ramp from the road towards

1:28.0

centralized tyranny and control by building a permanently decentralized monetary system.

1:33.6

Bitcoin specifically, allegedly anyway, was created in response to the 2008 economic

1:38.1

crisis and the corrupting influence of central banks and the criminal activity of commercial

1:42.8

banks. While some Bitcoiners have fought to

1:45.4

uphold these values, many powerful actors in the Bitcoin space and the broader cryptocurrency sphere

1:50.9

are undermining this ethos or building systems that completely oppose the original impulse

1:56.2

that led to Bitcoin's creation. Among those of us who oppose the rollout of the 4IR system

2:02.3

and the mass implementation of the biometric surveillance state,

2:05.7

is it still possible to work with digital currencies

...

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