The Bank for International Settlements is an international financial institution owned by central banks that "fosters international monetary and financial cooperation and serves as a bank for central banks".
@THORChain CBDC capabilities :
- Suspend you from the economy
- Tell you what you can consume or not : eg you're eating too much meat this month, 300% tax on meat just for you from now on
- Permanent surveillance of every transaction : Hitler would have dismantled the jewish support system
@THORChain - Control your movements along with digital IDs. A US law is mandating a kill switch in every electric car & electric charger.
- Control your behaviours without having to pass laws through the implementation of a social credit score
@THORChain - Direct intervention in specific economic sectors by incentivizing or mandating spending in certain sectors.
- Make your money expire / force you to spend it.
@THORChain This gives politicians & banksters the position of judge, jury and executionner.
You will always be guilty by default and will have to defend your innocence.
That along with the surveillance state / biometrics IDs is very scary.
@THORChain@THORChain literally cannot comply. It has very miminal governance and is 100% based on financial incentives. It does not care about who you are and your politics. It just exists.
It's a faceless API, people can build what they want on top of it and interact with it as they need
• • •
Missing some Tweet in this thread? You can try to
force a refresh
The historical importance of this day cannot be understated.
We are at the crossroad. We are very close to a fully viable self banking ecosystem, separating state and money.
$rune x $luna x $ust
2.
A decentralized stablecoin is the cornerstone of DEFI. Without it DEFI would not see adoption.
From this day forward, there is no reason why $ust will not be the first stable to reach a trillion dollar in market cap.
Everything else is censorable.
3.
Today's inclusion on @THORChain ensures accessibility to $ust from any other digital asset, in a trustless, permissionless and censorship resistant setting.
The liquidity pools will add liquidity at the peg.
Can't wait to see where the future takes us @stablekwon