THE DIGITAL U.S. #DOLLAR IS A THREAT TO CIVIL LIBERTIES

TheDinarian

News • Business • Investing & Finance

? The Dinarian on Locals brings you the latest in news, interviews, in-depth conversations, and stories from across the blockchain and global communities—within and beyond cryptocurrency ?. Experts delve into how blockchain technology is reshaping industries, enhancing business networks ?, transforming transaction workflows, and advancing distributed ledger systems ??. We also explore intriguing topics that may venture into the realm of conspiracies—and so much more!

Interested? Want to learn more about the community?

Show me more content first

thedinarian@thedinarian

July 21, 2022

THE DIGITAL U.S. DOLLAR IS A THREAT TO CIVIL LIBERTIES

The U.S. CBDC could be a route to civil liberty erosion — the same liberties that Bitcoin inherently protects.

For many people, Bitcoin is synonymous with freedom, decentralization, independence and the future. Some consider it akin to anarchy, an online revolution that began with the minting of the first block of Bitcoin that flipped the proverbial bird at central banks and government policy makers.

For governments, however, the vista is different. Generally speaking, those who govern others routinely perceive the cryptocurrency ecosphere as a lawless place, used to fund terrorism and other illicit activities, launder money and evade taxes.

In response to the trillions of dollars of investor and commercial interest, President Joe Biden issued an executive order calling on the government to examine the risks and benefits of cryptocurrencies. The executive order's explicit aim is to explore a U.S. central bank digital currency (CBDC), which would be a digital fiat, backed by the United States government. But if the original purpose behind the creation of cryptocurrency was to eliminate government control and oversight over fiat and monetary policy, how far will the U.S. government’s control over its citizens' digital currency extend?

The executive order says that the “principal policy objectives of the United States with respect to digital assets are as follows: We must protect consumers, investors, and businesses in the United States.” The policy goes on to articulate that digital assets have “profound implications” on “crime; national security; the ability to exercise human rights; financial inclusion and equity; and energy demand and climate change.”

The executive order isolates the asset class as “non‑state issued digital assets.” Future regulatory, governance and technological measures will purportedly be designed to “counter illicit activities” and “enhance the efficacy of our national security tools.” While there’s no denying the dark side of cryptocurrency and its possible criminal uses, not only does the U.S. government want to regulate cryptocurrency, they seek to control it.

It appears a sure bet that the United States government will (1) regulate private cryptocurrency while (2) issuing its own government-controlled digital token. And in the context of the world's leading liberal democracy founded on a rule of law based on limitation of government powers, this development warrants serious scrutiny.

Going all the way back to the formation of the United States of America, the founding fathers were skeptical about giving banks and governments control over currencies. During the drafting of the U.S. Constitution, John Adams drew on the colonist’s distrust of government-issued money and declared that every dollar of printed fiat money was “a cheat upon somebody.”

The drafters left the federal government with only the power to “coin money,” and forbade the states from making anything but gold and silver coin legal "tender.” Years later, in 1816, Thomas Jefferson wrote that “banking establishments are more dangerous than standing armies... [and] the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”

The advent of Bitcoin appeared to be the antidote to the centuries-old problem identified by Jefferson. Bitcoin was specifically designed to obviate the need for a central bank or single administrator. In fact, Bitcoin does not need government support, or to be “backed” by gold and silver. Bitcoin was architected to comprise a store of value who’s value would be determined by the global population’s free market dynamics, via simply supply and demand arithmetic.

So why should any of this matter? At times, the U.S. government has historically suppressed the rights of Americans, and many Americans have shown that they are more than willing to give up those freedoms. It is only a matter of time before the United States issues a digital currency, and likely attempts to suppress, through whatever means, the value and utility of bitcoin, along with the rights of its citizens.

With a U.S.-issued digital coin, the government will have the technical capability, among other things, to limit and apply pressure on what Americans can purchase, to track and monitor citizens’ expenditures and place limits on the quantity or amount of products we purchase.

In extreme cases, the government could rescind or remove all CDBC funds from circulation or from a person’s control. That is already a reality in criminal cases, but here the concern is the ability and willingness of the government to use digital dollars to monitor and control even without the existence of criminal charges or a conviction. These concerns are not merely hypothetical. Last year the Canadian government ordered financial firms to cease facilitating any transactions from 34 crypto wallets tied to funding trucker-led protests over COVID-19 vaccine mandates.

Examples in the United States are easy to conceptualize. If Congress believes that cutting down on gasoline would lower emissions enough to reverse climate change, they could put spending limits on the amount of gas one could purchase. Instead of raising taxes on cigarettes, the government could nullify all cigarette purchases made with digital dollars. While the "in party" will be temporarily satisfied at the expense of the "out party," fortunes can change fast.

Constitutional questions (which often take years to resolve) notwithstanding, where a Republican administration might ban the use of digital dollars to pay for Planned Parenthood services for example, a Democratic administration could just as easily ban the use of digital dollars to purchase guns or ammunition.

The reality is that both political parties may well be tempted to utilize digital dollars to influence societal behavior and punish transgressors by restraining the ability to use the currency for travel, education and other essential life activities.

So, are we headed inexorably and at warp speed towards a future where, as George Orwell warned, “nothing was your own except the few cubic centimeters in your skull?" Will the United States government utilize digital coins to create a social credit scoring system on par with China's? That depends. Not only on the government's actions, but on the vigilance of lawyers in private practice and civil libertarians more generally.

Careful attention must be paid to any efforts by the government to utilize digital dollars for surveillance, control or unlawful restriction of individual privacy and liberty.

Because, after all, if "love of money is the root of all evil," then unconstrained U.S. government-issued digital dollars may turn into the "mother of all evils."

https://bitcoinmagazine.com/culture/digital-dollar-threat-civil-liberties

BITCOINMAGAZINE.COM

The Digital U.S. Dollar Is A Threat To Civil Liberties

The U.S. CBDC could be a route to civil liberty erosion — the same liberties that Bitcoin inherently protects.

Interested? Want to learn more about the community?

Show me more content first

What else you may like…

Videos

Podcasts

Posts

Articles

thedinarian@thedinarian

1 hour ago

Trump just posted this about chemtrails 👀

“The enthusiasm for experiments that would pump pollutants into the high atmosphere has set off alarm bells here at the TRUMP EPA.”

00:02:52

thedinarian@thedinarian

2 hours ago

The future of crypto = access, trust, transparency.

@evernorthxrp gives institutional + public investors simple, regulated, liquid exposure to XRP – and we’re compounding that value.

Watch below to learn how. 🎥👇

OP: @Ashgoblue

00:01:32

thedinarian@thedinarian

6 hours ago

Coinbase CEO Brian Armstrong on CNBC: Crypto Market Structure Bill is CLOSE to passing 👀

00:00:39

thedinarian@thedinarian

October 31, 2024

👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

thedinarian@thedinarian

1 hour ago

Pyth 🤝 Hyperliquid

The HIP-3 Ecosystem Map:

Full report and projection of year one HIP-3 volumes dropping tomorrow on @MessariCrypto

thedinarian@thedinarian

2 hours ago

🚨JUST IN: POLYMARKET TO LAUNCH A TOKEN!

CMO Matthew Modabber confirms a native $POLY token and airdrop. Polymarket is eyeing a new funding round valuing it up to $15B.

thedinarian@thedinarian

17 hours ago

⚡ BREAKING: GOOGLE’S WILLOW QUANTUM PROCESSOR COMPLETES 3.2 YEARS OF COMPUTATION IN JUST 2 HOURS, 13,000× FASTER THAN THE WORLD’S MOST POWERFUL SUPERCOMPUTER, SPARKING FRESH CONCERNS OVER BITCOIN’S ENCRYPTION SECURITY.

thedinarian@thedinarian

October 04, 2025

New Human Force

Join this Now! YOU have what it takes!

They are in our solar system, and in our event-stream in this Eternal Now.

Officialdom is clueless.

They think we are going to be at WAR with the Aliens.

Officialdom is very stupid.

Aliens is here. It’s not WAR. It’s Contention.

There is a difference.

Officialdom is clueless, still living in the last Millennium.

Aliens is here.

The Field in which we contend is This Eternal Now.

ALL HUMANS LIVE HERE, and ONLY HERE, in this

ETERNAL NOW.

It’s a Field of potentials, of pending Manifestation, this continuous event-stream of karma in which we have always lived our body’s Life.

This Eternal Now has always been our body’s Field of Contention.

The Aliens is here, in our Eternal Now.

Our common, shared, reality that we all continuously co-create now has Aliens.

It’s getting very complex in here.

Officialdom is clueless. They see the Aliens. They are freaking out. They think you are children, when it is their small minds, trapped in a reality that is only grit, mud, and ‘random chance’ who are childish.

Officialdom is stupid. They will and are reacting badly. As is their way, they are trying to hide shit from you. Silly grit bound minds don’t realize you can see everything from within the Eternal Now. They have yet to grasp that what they perceive as this Matterium, filled with ‘matter’, is but a hardening of our previous (past) internal states of being.

WAR happens in the Matterium.

Contention occurs within this Eternal Now where Consciousness shapes the manifesting event-stream.

YOU know this to be fact. You are a co-creator.

Contention with Aliens is happening in this instant in this Eternal Now.

Officialdom ain’t doing shit. They are still stuck in trying to move matter around to affect unfolding circumstances. That’s redoing the mirror trying to affect the reflection. Dumb fucks….

It’s up to US. To the New Humans. Those of us who live in this Eternal Now. Those of us who see that our body’s Lives (the Chain that cannot be broken) are expressions of the Ontology revealing itself to itself. It’s up to us guys.

We are not an Army. That’s a concept from the past, from before the emergence of the New Humans. We are a Force. A self-organizing collective with leadership resident in each, and every participant.

We are the New Human Force. By the time officialdom starts to speak about the Aliens in near-factual terms, we will already be engaging them in this Eternal Now.

By the time officialdom begins to move matter around (space ships & such) thinking it’s War, we will already be suffering casualties in this Eternal Now. That part is inevitable. It’s how we learn.

By the time officialdom realizes that some shit is going on in places and ways beyond its conception, we will already be pushing our dominance onto our partners in this First Contention, the Aliens. Nage cannot train without Uke.

Just as officialdom is scrambling to research the Ontology, this Eternal Now, and the event-stream, we will be settling terms with our new partners, the Aliens.

Come, join with us. It’s going to be a hellacious Contention.

We ARE the NEW HUMANS!

Together we are the Force that cannot be defeated.

Start YOUR training in this instance of this Eternal NOW.

Consume Neville Goddard videos as though all of human existence depended on YOUR mind and YOUR active, effective, imaginings!

It’s not a question of Mind over Matter as there is only Mind and it cares not for Matter. That’s residue.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal:
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto Donations👇
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Read full Article

thedinarian@thedinarian

August 31, 2025

The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal:
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto Donations👇
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Read full Article

thedinarian@thedinarian

August 30, 2025

US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal:
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

Read full Article

Available on mobile and TV devices