# Your Money and Your Life by Edward Snowden - Continuing Ed

<https://edwardsnowden.substack.com/p/cbdcs>

- Host: [edwardsnowden.substack.com](https://links.thingelstad.xyz/hosts/edwardsnowden.substack.com/)
- Saved: October 14, 2021 (2021-10-15T01:25:25Z)
- Record: https://links.thingelstad.xyz/links/9d9e8a3cbe96/
- JSON: https://links.thingelstad.xyz/links/9d9e8a3cbe96.json

## What Jamie wrote

Snowden dives into Central Bank Digital Currencies (CBDC).

> Instead, a CBDC is something closer to being a perversion of cryptocurrency, or at least of the founding principles and protocols of cryptocurrency—a cryptofascist currency, an evil twin entered into the ledgers on Opposite Day, expressly designed to deny its users the basic ownership of their money and to install the State at the mediating center of every transaction. 

I do worry that the motives for governments to adopt CBDCs are far from pure. It is easy for us to look at China and the Digital Yuan and clearly see that it is a way to surveil and control all financial activity in China. That also is a pretty good reason for China to push out all other crypto assets.

## Facts

- Kind: [Newsletter](https://links.thingelstad.xyz/kinds/newsletter/)

## Appears in

- [WT199: Weekly Thing #199 / Revolutions, Dopamine, Reconsolidation](https://weekly.thingelstad.com/archive/199/), Notable

## Same host

- [Lifting the mask - Continuing Ed with Edward Snowden](https://links.thingelstad.xyz/links/1255733cbc81/) (edwardsnowden.substack.com, June 24, 2021)

## Saved the same week

- [POAP NYC](https://links.thingelstad.xyz/links/edcfc78cf6c0/) (poap.nyc, October 14, 2021)
- [Onyx Boox Nova Air Review: A Practically Perfect E Ink Tablet](https://links.thingelstad.xyz/links/af30c02905e8/) (gizmodo.com, October 14, 2021)
- [The death of the newsfeed — Benedict Evans](https://links.thingelstad.xyz/links/f096e8e8d7f0/) (ben-evans.com, October 14, 2021)
- [How We Make Decisions at Coinbase | The Coinbase Blog](https://links.thingelstad.xyz/links/3e54763fc0c0/) (blog.coinbase.com, October 14, 2021)
- [Coinbase NFT is coming soon by Coinbase | The Coinbase Blog](https://links.thingelstad.xyz/links/2738e66035f1/) (blog.coinbase.com, October 14, 2021)

## Elsewhere

- Wayback Machine: https://web.archive.org/web/*/https://edwardsnowden.substack.com/p/cbdcs