Metals-Backed Privacy Coins

In a time of universal deceit, telling the truth is a revolutionary act, as was famously stated by George Orwell, writes Shannon Berkley.
 

It is well known that because gold is honest money, it is disliked by dishonest men. A digital form of gold that is technologically capable of safeguarding your monetary sovereignty and freedom by hedging against the backdrop of global debt monetisation, collapsing bond yields and uncontrollably spiking interest rates would be absolutely reviled by a dishonest banking establishment in a time of universally deceitful central bank policy enactments, where the fundamental value of fiat currency is compromised by perpetual monetary debasement.
 

Indeed it is for these reasons why private cryptocurrency coins, freedom and sovereignty-enhancing distributed ledger technologies have been so virulently attacked by central banks and their government lackeys in recent times, whilst the very same institutions fastidiously and hypocritically legislate to integrate the digital currencies and technologies that will eliminate human freedom, liberty and prosperity from us all. There is a need for peer-2-peer precious metals-backed currencies that remain decentralised and private.

The ideal proposed digital private currency would a) enable privacy at the protocol level, b) be redeemable in both gold and silver. c) be limited in circulated supply, such as Bitcoin, Pirate Chain, Epic Cash and Monero, thus making it a form of ‘digital hard money’. The Lode project is another relevant concept established by a community of sound money enthusiasts and is a comprehensive platform allowing anyone to seamlessly send, spend, and pay with digital silver and gold.
 

METALS-BACKED PRIVACY COINS ARE WHAT IS NEEDED NOW - NOT CBDCs!

While banking institutions seem bound and determined to extol the virtues of totalitarianism, promoting digital ‘programmable money’ through Central Bank Digital Currencies which can trap, track and surveil your every move or be ‘switched off’ at an arbitrary whim, should you one day disagree with the ‘received wisdom of the authorities’ (this of course, being completely antithetical to the civil liberties and human rights we have in a free and open democratic economic system today), it was the Oracle of Omaha’s wise father Howard Buffett, who penned the now irrefutably relevant 1948 paper ‘Human Freedom Rests On Gold-Redeemable Money’.

The fact that central banks are now validating Buffett’s wisdom through their very actions in the accumulation of gold at the fastest pace ever recorded, (no less to keep up with the economic might of Russia and China, who are more than happy to relieve Western nations of the responsibility of stockpiling this ‘barbarous relic’) clearly illustrates that today’s generation could ‘probably learn a thing or two’ from the father of the most successful investor in the world. No amount of ‘fact-checking’, media censorship, smear campaigns, social media trends, or reorganisation of Google’s search algorithms, can discredit the incontrovertible truth of certain economic realities;
 

1. A FinTech-Enabled Digital Currency Not backed By Redeemable Metals Will Never Instil Confidence After Systemic Breakdown (Perceptions of ’Worthless Currency Backed By Nothing’).
 

2. With The Current Technology, There Is No Excuse To Compromise Personal Privacy (CBDC Power Grabs Under The Guise of ‘Terrorism’ or ‘Money Laundering’, Be Damned).
 

3. Limitation of Currency Supply In Circulation With Metals Backing, Reduces Inflation And Maintains Value.
 

4. 5,000 Years of Human History Tells Us Inflation Is Caused By Debasement of Fiat Currency. Central Banks Are Repeating History.
 

5. Unbacked Paper Money Systems Lead To Collapse And Despotism. (i.e. Hitler, Stalin, Mao)
 

6. Redemption of Currency In Precious Metals Is The Only Way To Ensure Stability.
 

Should the irretrievable breakdown of the current world financial system occur at some point in the future, the subsequent widespread proliferation of CBDCs in the aftermath of this, would not only hand the central bank overseers of this digital technology complete seamless, punitive control over the labour of almost every living man and woman, but also permanently destroy all opportunities for wealth creation, eliminate freedom of choice, cede control over all modes of production to the central bank, effectively sound the death knell for capitalism and with it- all of our freedoms.

It would also ironically make us all even more susceptible to cyberattacks, hacking and the nefarious shenanigans of various organisations involved with the operational side of digital currency, should our rights to physical cash become permanently eradicated in favour of the Orwellian digitisation of the whole economy.  (Events caused by CrowdStrike and Microsoft being some notable examples here). ‘Trust us!’, say the matchbox-wielding arsonists who burned down the world financial system in order to offer their cashless digital ‘solution’. In cynical fashion, it is the multimillionaire political class who desire to tar and feather a new demographic of digital asset investors with the same broad brush of ‘illicit/narcotics peddling/money laundering’, preventing average citizens from benefiting from potentially life-changing financial gains as a result of prudent investment choices, due to the involvement of the very few unsavoury types who happen to operate in every other area of the economy. Is the asinine notion of an ‘unrealised capital gains tax’ not a classical example of ‘empire in decline?’
 

U.S. Congressman Howard Buffett knew full well when he stated that: ‘’…the subject of a Hitler or a Stalin is a serf, by the mere fact that his money can be called in and depreciated at the whim of his rulers.’’  The concept of our entire monetary system being permanently and irrevocably captured by bad actors has famously been commented upon by Thomas Jefferson who stated that banking institutions are ‘more dangerous to our liberties than standing armies.’ Was Thomas Jefferson wrong? As state actors around the world rush forward to implement ‘Digital ID’ infrastructures that may bestow upon them extraordinary new powers curtailing and undermining individual freedoms under the guise of ‘financial stability’, ‘inclusiveness’, and ‘national security’, it becomes difficult to see how he may have been wrong. 

Be sure not to let the shills at the NGOs and think tanks gaslight you; there truly is no defence for this kind of centralised authoritarian power grab, when there are technologies today that do not require complete financial subjugation in a manner which would be more appropriate under the regime of tyrants like Mao Zedong, Hitler, Stalin, Lenin, Trotsky, Pol Pot or Kim Jong Un! Do CBDCs represent the dreaded King Sauron’s: ‘‘One Ring To Rule Them All. One Ring To Find Them. One Ring To Bring Them All, and In the Darkness, Bind Them?’’
 

ATTACKS ON PRIVACY COINS MERELY UNVEIL AUTHORITARIAN INTENTIONS

The most anonymous cryptocurrency in the blockchain ecosystem is regularly and unreasonably threatened with delisting by several cryptocurrency exchange platforms. When Binance delisted Monero, the cryptocurrency lost over 30% of its value, but was supported by staunch defenders of anonymity. This support is for the simple reason that privacy coins enable the same anonymity we are entitled to have when we open up our physical wallets. The same anonymity we are entitled to have when we access our bank accounts. And the same anonymity we are entitled to have when we buy our lunch with cash.

It is rather hypocritical because the only way to properly mimic the properties of cash and maintain our financial sovereignty, is to use a technology that is fungible (i.e. one coin is of the exact same equal value to another- much like gold) is completely private and anonymous at the protocol level, while facilitating trustless peer-2-peer financial transactions. Even Bitcoin fails this test, stumbling and collapsing backwards down the stairs of fungibility and crashing into the category of ‘surveillance finance.’
 

This is precisely why attacks on privacy coins like Monero, represent a wider attack on our freedoms. Innovations such as Mimblewimble or zero-knowledge proofs are criticised for their ability to conceal addresses, balances, and transaction flows…but is that not the entire point of a cryptocurrency being decentralised?! In our current financial paradigm, Mr Jones cannot see the bank balance, or transaction flows of Mr. Smith, nor if Mr. and Mrs. Smith will be taking their children on a vacation to Barbados this weekend, or if Mr. Smith will be trading in his old vehicle for a brand new Lamborghini- and that is our fundamental right to privacy in banking. Bitcoin and most cryptocurrencies while borderless, offer less privacy than a private bank account with their public wallet addresses, while CBDCs lack any of the positive attributes of either Bitcoin, Monero, precious metals or physical cash!
 

If the technologies that are adopted to steer the world away from physical currencies and commodities fail to instil confidence in the integrity of a new system by ensuring it draws upon the foundation of physical metals, (This can otherwise prevent the implosion of another digital fiat illusion) and if these technologies neglect the importance of privacy at the protocol level, they will inevitably fail. After the dust has settled and the smoke has cleared, all that would be left is a liberty-crushing, surveillance technology and form of monetary communism, which ultimately highlights why CBDCs and Digital IDs are a misuse of technology and completely incompatible with our individual autonomy within a society that values freedom, sovereignty and prosperity.   EG