Can Digital Currency save us?

I understand that we are in a leadership race and everyone is trying to grab their share of headlines, but there are repercussions to what we as public servants and aspiring party leaders say and do.

Inflation is destroying families' budgets and making every day life unaffordable. But if you took $1,000 out of your bank account and put it in Bitcoin when Pierre Poilievre told Canadians that it was a great way to “opt out of inflation”, that investment would be worth only $660 today.

I worked over two decades as a lawyer. I am very aware that there are consequences to actions, and as a government in waiting we need to be responsible with our words.

The government did a horrible and reprehensible thing by freezing the bank accounts of law-abiding Canadians over donations. Justin Trudeau should lose the next election on this authoritarian move alone.

But we should not be responding by telling Canadians to put all their eggs in a digital basket that is ripe for even worse abuses.

I’m not against bitcoin, even though it is an incredibly volatile commodity. Canadians should be free to make the financial decisions that they believe are best for them. But I am extremely concerned about the repercussions of digital currency in general.

The wide acceptance and daily use of digital currency is the quickest way for the government to implement a social credit system.

We already live in a world where businesses and our own digital devices are sharing way to much information about our purchasing habits. When our dollars themselves are purely digital, it would be nothing for the government to start forcing businesses, as they did with our banks, to share information and build a social credit system. They have already signed Canada up for the international travel version of this, with the World Economic forum as a co-sponsor.

Many have already mused that a universal basic income is on the way, but tied to centralized digital currency that would allow the government to refuse to grant assistance to people. 

As I read this over, it would seem outlandish, if the government hadn’t already, on different occasions, decided that people who disagreed with them couldn’t receive government assistance, couldn’t travel in their own country,  couldn’t access their own bank accounts.

This is simply the next logical step. 

The answer is not to push Canadians towards greater acceptance of digital currency; it is to replace this unfathomably corrupt government and enshrine the freedoms and rights of Canadians into law so that we never have to fear this kind of authoritarian government overreach.

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