Censorship Resistant Applies To Money Also
We hear the CTT guys talk a lot about censorship resistance. This is something they harped upon for a number of years. Now we are seeing things unfold that prove how right they were.
In this video I discuss how important it is to have control over our wallets and money. This is something that is coming under attack.
▶️ 3Speak
Thankfully billions of people in the world saw how easily money can be controlled with the Canadian trucker protests and the cowardly move by the Canadian government. The freedom to spend money where we want is important for the future.
exactly, although i don't know if it was billions, it certainly raised awareness. The same is true for FTX etc. I think this might have a net positive effect on future development in terms of decentralization
It was an eye opener for those who have some insight. However most of the planet is still asleep.
Posted Using LeoFinance Beta
Thanks very much @taskmaster 4450 for this great lecture from you.
Just seeing your face alone encourages me.
Keep it up.
You have done well to educate on how to protect our wallet. Indeed i was a victim of a certain coin which i mine and once it was lunched, i could not see my coin anymore. Thanks for sharing .
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Summary:
In this video, the speaker discusses the concept of censorship resistance, particularly in relation to financial platforms and social media networks. He mentions Elon Musk's involvement in the financial aspect of a social media platform and emphasizes that while there is a shift away from traditional systems, the new platforms remain centralized and controlled. The speaker stresses the importance of user empowerment and access to funds without the risk of censorship or account wipes. He delves into the idea of varying viewpoints and the significance of defending minority perspectives, even when they may seem extreme or disagreeable. Furthermore, the speaker criticizes mainstream media outlets for spreading misinformation and highlights the value of independent media, such as content on blockchain-based platforms like Hive, for being censorship resistant.
Detailed Article:
The video delves into the timely issue of censorship resistance in the context of financial systems and social media platforms. The speaker mentions the long-standing advocacy of individuals like Dan and Starkerts regarding this topic, emphasizing their expertise in the area and the significance of their discussions coming to fruition. He specifically delves into Elon Musk's endeavors in the financial sector, noting that while there are innovations and shifts away from traditional banking and Wall Street, the fundamental issue of centralization and control remains prevalent. This leads to concerns about user dependency on individuals like Musk or potential successors, highlighting the vulnerability users face in centralized systems, especially when dealing with cryptocurrencies and financial activities like payments, mortgages, and insurance.
Moving beyond discussions on freedom of speech, the speaker accentuates the importance of ensuring freedom and safeguards in financial systems and user wallets. He draws parallels between discussions around censorship resistance, immutable data, and data ownership, underscoring the core theme of providing accessibility and control to users over their financial tools and information. By critiquing centralized platforms like Twitter for their silencing of voices and oppressive practices, the speaker advocates for a more decentralized and censorship-resistant approach to empower users and protect minority viewpoints, even if they may seem extreme or unpopular.
Furthermore, the speaker delves into the pitfalls of mainstream media, slamming outlets like CNBC, Bloomberg, and major newspapers for spreading misinformation and serving as propaganda machines. In contrast, he praises independent media platforms like Hive for being censorship resistant, allowing for free expression and preservation of content on the blockchain without fear of censorship. Through examples like HiveBlox, the speaker showcases the power of permissionless blockchain technology in upholding freedom of speech and ensuring that content cannot be easily suppressed or erased.
In wrapping up, the speaker emphasizes the core principles of censorship resistance and user empowerment, urging viewers to consider the importance of defending minority viewpoints and ensuring access to diverse perspectives without fear of censorship. The video serves as a call to action for individuals to seek out platforms that prioritize decentralization, openness, and user control in the face of increasing centralization and censorship in mainstream systems.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.