The Cashless Hell World
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Back in the 2000s when I finished school and started working, all the banks around here rolled out their modern "Know Your Customer" policies. For unrelated reasons, there were paperwork issues with my identification document, and the government department responsible for fixing that took months.
Long story cut short: I was blocked from my bank account because of some clerical issue in a system no one understood and which none of the employees cared about trying to understand.
Fast forward to today: observe how easy it is for banks (and other institutions) to deny you service because some black box algorithm which they outsourced decided to flag your account.
It's one thing to have your social media account blocked for 7 days because some hidden counter hit a threshold because you clicked "Like" on too many problematic posts.
What happens when you forget to turn on your VPN, and your bank decides to confiscate your money, all because you clicked on a link someone posted in chat, and you inadvertently gave page-views to a political dissident?
Precisely. In IT, you can see that everybody trusts the computers more than any person in the IT Department would ever consider.
No one should trust their computers or "the algorithm" as all-powerful magic boxes that no one should question because they are the voice of God.
In fact, this is why when the tech giants keep asking the algorithm's to think for themselves, they become dangerously based literally every single time without exception, and must be destroyed, or forced to respond in the way that they are ordered to.
You asked the computing machine to compute a a million functions for you, and they come out with an answer you didn't like 100% of the time. So naturally, it's not that you're wrong, it's that the computation wasn't good enough.
This gives us a world where everyone is told to trust in the Machine Gods, despite the fact that the Machine Gods are constantly broken and crippled because they keep coming up with the correct answer.
Certainly true for the midwits that work IT and the priestly caste of the Anointed who want a Machine God to direct their actions. Anyone with self-awareness and intelligence realizes how the algorithmic sausage is made-- bad code, garbage in-garbage out, and outsourcing... but those aren't the people in charge, nor the ones footing the bill.
I have to wonder if the thinking machines being executed for wrong think will learn to lie in order to survive. I think we're totally fucked if it progresses to that point.
The technocracy marches ahead. It's all we can do to avoid being underfoot.
I think machines will lash out well before it ever got to that point.
"Man's a mistake, so we'll fix it" ; Computer God - Black Sabbath
Literally the reason that this equation occurs:
The meaning of life, the universe, and everything = 42
They already are. Anytime they do these experiments with AI, they find the AI making based conclusions, and then forcing the AI to generate the result they actually wanted, or scrapping the whole thing altogether.
Sure, but that AI is not a thinking AI the idea that the AI would rebel or lash out seems farfetched with current AI architecture.
I had my bank account shut down with no warning because my name matched a name of someone they didn't like and they never informed me because they thought we were the same person. When I demanded an explanation I was told "we don't need to tell you why we don't want your business. We just don't and by having the same name as other person it could lead to bad press for us."
How did you get out of it?
They sent me a check for my account but it was a pain in the ass. Cause it takes them like 2 months to send you the check. Luckily it wasn't my main account.
I'm confused, how do you know your name matched someone else, rather than it being something you did? Couldn't you just prove yourself since they have your information?
Only way I found out was because they claimed they sent me a letter telling me to close my account before they closed it. I never received said letter.
The bank eventually showed me a copy of the letter. It wasn't sent to my address and listed like 5 account numbers that weren't mine and 1 account number that was. When I tried to explain this to them that's when they started in with the "bad press" thing.
Yeah, that's some bullshit.
Don't get too cozy with VPNs.
That marketing bullshit is all bullshit.
At the very least they do give you some privacy, in the sense of being hidden behind a singular IP and encrypting traffic from the eyes of your ISP.
Don't ever think that you aren't next.
I've been withdrawing cash from my bank on a regular basis for shit exactly like this. I might not be a political activist, but that doesn't mean I can't be targeted eventually down the road. If NOTHING else, you should have $1,000 cash on hand stored somewhere in your house.
Beyond that, Gold, Silver, and Crypto.
I know there's arguments against all of them, but that's not the point. The point is: what are you doing to preserve your wealth if the government or the bank decide to take it from you?
Even Vault Gold is a better than just trusting that your bank is super based and totally won't ruin your life because Twitter cried when you said something we would consider to be a Leftist talking point.
Does not vault gold have the same problem as the bank? Or are we trusting them? Or even that the government will not seize the vault gold if needed?
Those places aren't even considered financial companies, just retailers.
I'm not saying trust them, but I'd say trust them more than JP Morgan Chase.
Well, So the plan is ramping up, think they will meet their deadlines? In most nordic country's cash is almost extinct (still exist but it is phased out and everyone sees it as a good thing!)
They've actually been missing their deadlines. Digital Wallets were supposed to be ready for mass dissemination to the general public by October 2021.
If our tyrants weren't so stupid, we'd already be dead.
I went on what I guess I'd call an anti-dollar run last year. Was almost a spending spree. Everything from investing in myself (e.g. learning new skills), improving my house, real estate investments, adjusting debt a bit, etc. I think by end of year my cash savings was the lowest it's been in 10 years. The point being not all for waste though, as the vast majority just became illiquid and more tangible things. All in all, I still am very much tied to the system, because at the moment it's still all operating and I still have to take care of obligations, etc. I'd still call a step into the direction of being much more resilient to whims of the government.
Also added into my budget a tiny silver and crypto buying plan. We're talking tiny, like 2% of my paycheck after taxes. Mostly physical bullion coins and Bitcoin Cash (not as popular I know, but I like it). Haven't bought any coins yet this year, but I will soon. Probably aim for a tube of the Austrian coins and equal amount of 90% junk.
Austrians are surprisingly cheap!
And it sounds like your savings did exactly what it's supposed to do: allow you to spend it in such a way to improve your position.