BREAKING: 🇺🇸 Federal Reserve threatens to sue #Bitcoin Magazine in attempt to silence criticism of its FedNow service.

The U.S. Federal Reserve is threatening to sue Bitcoin Magazine, alleging apparel that parodies its FedNow system is not protected speech, but copyright infringement.

of course they waited until after rhr to announce SBF was found guilty on all seven counts

On Nov 14 the Human Rights Foundation will launch its CBDC Tracker at the National Press Club in Washington, DC

The Tracker will go online for the first time, providing the public with a resource to examine the progress and risks of CBDC implementation worldwide

Like paper dollars or euros, CBDCs are liabilities of central banks

Unlike paper dollars or euros, CBDCs do not offer the privacy protections, neutrality, or finality of cash

Virtually all money today is already digital, but it is typically issued and controlled by private banks and fintech companies, even in dictatorships like China

When consumers use a credit card, spending is at the discretion of the corporation that issued the card

When consumers deposit money into their bank accounts, their funds are liabilities of the bank

CBDCs are an effort to:

1) Replace paper cash with government-issued, government controlled digital credits

2) Reduce the power of private banks

3) Expand state control over the economy

Paper cash doesn’t require identification, can be used by anyone with no discrimination, and cannot be easily tracked

As such, cash is a daily tool of human rights activists, dissidents, and civil society, especially under authoritarian regimes

CBDCs stand to potentially phase out this tool for human rights defenders, making them entirely reliant on currency that is surveilled and easily frozen and censored

Unlike cash, CBDCs can require ID, have expiration dates, be remotely

frozen, and abide by blacklists

HRF believes CBDCs pose a significant threat to human rights work worldwide, especially for people living under tyranny

More than 100 countries are researching CBDCs, while more than 20 have pilots, and a handful of governments have already launched some kind of retail product

Russia, India, the EU, the US, Brazil, and other major governments

have all signaled intent to pursue CBDC projects

HRF considers it important to track these activities and document what risk they pose to human rights

We are pleased to be working with the Bitcoin Policy Institute to launch the CBDC Tracker at the National Press Club in Washington at 10:00am ET on November 14th

We are excited to share the work of the project authors: Nick Anthony, Janine Roem, and Matthew Mezinskis

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"We're going to win" isn't some cocky saying that assumes inevitability. It is the embodiment of the belief in one's self and the power one has to change the world.

The fact that Elon Musk's title is "Technoking" and Jack Dorsey's title is "Block Head", speaks volumes.

One is about ego, and one is not. But more importantly we can see the difference in their actions more than titles from there.

Elon wants to build Twitter or the shitty name "X" into the next WeChat, with himself as the leader. He has literally said this. I used to be able to report bots on Twitter easily for many years, but now I have to show a drivers' ID to report someone that copies my persona even as a 600k following paid blue check, and so I don't bother anymore, and therefore bots proliferate. And if you don't pay for reach, you get devalued. Only in the past few months have I had to show my ID to report my countless bot copiers if I want to report them on Twitter/X. And so their rate of removal has decreased. If my Nym differs a bit from my name, well LET'S FILE SOME TPS REPORTS!!!! (which wasn't previously the case). And so as bots proliferate, and as Musk fails to contain bots as he promised he would and bragged about with memes, he will instead reference his own self-created bot problem as a reason to require even more ID requirements and try to build his US version of the Chinese Communist Party WeChat app. This is exactly what governments do. In my professional opinion, after careful consideration, Elon Musk can ::check notes:: politely go fuck himself, and those who worship him should reconsider what exactly they show blind obedience toward.

2023 has been the year of the Great Bitcoin Decoupling and it may be driven by the fact that more and more individuals are beginning to understand how much counterparty risk they are exposed to in the banking system.