1/
Vietnam is becoming a live test of biometric control over money. ~86M “dead/unverified” bank accounts are being purged — not to steal active balances, but to push everyone into VNeID biometric compliance. Clean-up?
Or building a switch? 🧵👇
Vietnam is becoming a live test of biometric control over money. ~86M “dead/unverified” bank accounts are being purged — not to steal active balances, but to push everyone into VNeID biometric compliance. Clean-up?
Or building a switch? 🧵👇
https://twitter.com/alanvibe/status/1967643742653042698
2/
The message is simple: full access to digital banking increasingly requires biometric ID. Comply to transact; delay and your functions get throttled. That’s a new kind of leverage over citizens.
The message is simple: full access to digital banking increasingly requires biometric ID. Comply to transact; delay and your functions get throttled. That’s a new kind of leverage over citizens.
3/
One ID to rule them all: banking + e-gov + airports (biometric check-in). Convenience on the surface, consolidation of power underneath.
One ID to rule them all: banking + e-gov + airports (biometric check-in). Convenience on the surface, consolidation of power underneath.
4/
Why critics worry:
• Financial exclusion as leverage
• Presumption of guilt in KYC
• Single point of failure
• Data honey-pots that can and do get hacked
Why critics worry:
• Financial exclusion as leverage
• Presumption of guilt in KYC
• Single point of failure
• Data honey-pots that can and do get hacked
5/
Security paradox: the more we centralize identity and funds behind one biometric gate, the bigger the blast radius when it fails—administrative error, policy shift, or breach.
Security paradox: the more we centralize identity and funds behind one biometric gate, the bigger the blast radius when it fails—administrative error, policy shift, or breach.
6/
Once normalized in one country, this becomes “best practice” others copy. The toolchain—rules, APIs, vendor stacks—travels fast.
Once normalized in one country, this becomes “best practice” others copy. The toolchain—rules, APIs, vendor stacks—travels fast.
7/
Bottom line: your ability to move, bank, and travel morphs from a right into a conditional privilege, toggled by policy or by an app.
Bottom line: your ability to move, bank, and travel morphs from a right into a conditional privilege, toggled by policy or by an app.
8/
Now the antidote: physical precious metals. A silver coin cannot be “biometricized.” It’s a bearer asset that works offline—no server, no password, no kill switch.
Now the antidote: physical precious metals. A silver coin cannot be “biometricized.” It’s a bearer asset that works offline—no server, no password, no kill switch.
9/
Yes, regulated dealers must KYC when you buy/sell—that’s separate from the asset itself. A minted ounce in your hand is not a permissioned ledger entry.
Yes, regulated dealers must KYC when you buy/sell—that’s separate from the asset itself. A minted ounce in your hand is not a permissioned ledger entry.
10/
Minimal defense kit:
• Multiple banking rails
• Small cash buffer
• Modest stack of physical silver/gold
• Share less biometric data
• Opt out of nonessential “ID upgrades”
Minimal defense kit:
• Multiple banking rails
• Small cash buffer
• Modest stack of physical silver/gold
• Share less biometric data
• Opt out of nonessential “ID upgrades”
11/
Call it what it is: a migration from cash freedom to biometric permissioning. If they can turn off your app, they can turn off your life. They can’t turn off an ounce.
Call it what it is: a migration from cash freedom to biometric permissioning. If they can turn off your app, they can turn off your life. They can’t turn off an ounce.
12/
Watch this trend as CBDC pilots expand: identity, money, and mobility converging into one gate. Prepare while you still have choices.
#Vietnam #DigitalID #Biometrics #Privacy #CivilLiberties #Silver #Gold #SoundMoney #CBDC #FinancialFreedom
Watch this trend as CBDC pilots expand: identity, money, and mobility converging into one gate. Prepare while you still have choices.
#Vietnam #DigitalID #Biometrics #Privacy #CivilLiberties #Silver #Gold #SoundMoney #CBDC #FinancialFreedom
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