BlackRock's Larry Fink: "Tokenization", Digital IDs, & Social Credit

(thewinepress.substack.com)

29 points | by sbuttgereit 4 hours ago ago

14 comments

  • pharos92 a few seconds ago

    Hate is a powerful word. But I really hate this people. If you work on these projects, shame on you.

  • cattown an hour ago

    Use cash. Get cash out at the ATM, keep it in your wallet. Spend it at local businesses. Even if you can’t do it all the time do it as much as you can. Start today and stick with it.

    Otherwise this is what we’ll be stuck with everywhere all the time. There won’t be a choice anymore if you don’t exercise that right. We’re already far down this slippery slope.

    • idle_zealot an hour ago

      And advocating for mass individual consistent behavioral change is less than useless. If you want change you need political organization. The sum of public opinion is more influenceable than the sum of everyone's actions. Unfortunately, in the US it's not so simple as "vote for the party that's against this" as we only have two and neither are. Which means if you want to be effective you should throw your lot in with an advocacy group. In this case probably the EFF, maybe the ACLU?

      • sequin 6 minutes ago

        Many people (not the EFF or ACLU, lol) saw it coming years ago and put in a monumental effort to try to turn to tide, only to be relentlessly repressed and dehumanized by bolsheviks and idiots.

    • mrdarkies an hour ago

      cameras + machine learning trackable serialized bills

      • Almondsetat an hour ago

        Yeah, people forget bills have a serial code, and if shops were required by law to validate them you could still mostly track all the money

        • calciphus an hour ago

          Or if it was just valuable tracking data for them to have.

          You don't need a law where there's profit incentives. Rewards programs track plenty.

  • storus 34 minutes ago

    Dude who became powerful by the simplest business model in existence (buying S&P winners with other people's money, selling losers), suddenly gets to set the policy for the rest of the world. Index funds should never be allowed to vote in corporations they own as their business model is just a simple rental of success.

  • viccis 2 hours ago

    You first, Larry. Any functional social credit would have him at "untouchable" levels.

  • AlexandrB an hour ago

    What I find funny about this is that cryptocurrency - a supposed way to create a currency independent of bank or government control - laid the foundation for this. Look at all the terminology Larry Fink is throwing around here: tokens, ledger, fractional ownership.

    Good stuff, thanks guys!

    • kogasa240p 3 minutes ago

      Read the Great Taking book, it's a bit kooky in some places but a good read nonetheless.

    • IncreasePosts an hour ago

      Cryptocurrency did not lay the foundation for a ledger. That's been around for over 500 years. And fractional ownership was well understood before computers, but viewed as not worth the effort.

      • gessha 29 minutes ago

        In popularized the terms because cryptobros made it their life mission to advocate for it. The sermons had to explain all the terminology GP mentioned.

  • slowhadoken 24 minutes ago

    Like forcing ESG wasn’t creepy enough. Social media is already too much herd mentality.