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Crypto not CBDCs, Sovereignty not Orwellian State Centralization by acesontop

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· @acesontop ·
$2.11
Crypto not CBDCs, Sovereignty not Orwellian State Centralization
![6qBAh2CGRHoBwbnkMh2C_unnamed5.jpg](https://i.imgur.com/4yxvooi.jpg)

The first smartphone dedicated to blockchain tech and storing crypto that I heard of is HTC, from what I remember, and I even wrote a post about it about two years ago, if my memory is still working properly. In 2019 Samsung came with the announcement that their S10 will support BTC, ETH and ERC-20 tokens, but I haven't seen yet any S10 yet in my country that has such features. 

Huawei, China's smartphone manufacturer leader, although not in good relationships with the US and especially Google, has just launched its Mate 40, and no... it won't offer its buyers any support for cryptocurrencies, but it puts in the hands of its Chinese buyers a hardware wallet for the digital yuan, [China’s Digital Currency](https://cryptopotato.com/huaweis-new-phone-mate40-will-have-a-wallet-for-chinas-digital-currency/). 

For more info on the news have a cake from this pie: https://cryptopotato.com/huaweis-new-phone-mate40-will-have-a-wallet-for-chinas-digital-currency/

Yes, the new flagship from Huawei which no longer uses google's services makes possible storing the digital yuan on its hardware wallet for its new buyers. No crypto though, no BTC, no ETH, no nothing... just the communist country's digital national currency. 

With this move Huawei is not actually paving any road towards world wide mass adoption for cryptocurrencies, instead it brings closer to fulfillment China's master plan for a totalitarian state with the government in full control of its citizens. 

Carrying the digital yuan in your wallet, the smartphone supported one of course, will make purchases for the Chinese probably easier, safer and more at hand everywhere around the country, but it will give the communist country's government more control over the people's finances and ultimately on their personal lives.

![058202cb64f445f690505212ff7b1586superJumbo.jpg](https://i.imgur.com/5Vg97DB.jpg)

Now some might say: *well Adrian... you're a conspirator as usual and refuse to see the digital progress that the world is making, coming always with your Orwelian conspiracy theories for any damn news in this regard*... Hell yeah, because I see clear the direction towards what these smartphones, tech novelties, and CBDCs are taking us and it's not that financial freedom, sovereignty and privacy that we were expecting from crypto. 

Yes, I am an advocate for crypto, blockchain tech, privacy and transaction speed that some cryptos offer, and also for the opportunity for financial freedom that this space makes available to almost anyone on this planet. I don't see *of bon augur* though these government and banks issued CBDCs, digital yuans, smartphones supporting them, and so on. 

The least mentioned ones are just tightening the chain around our privacy's and financial freedom's neck. Digital currencies, CBDCs, and similar forms of money have nothing to do with crypto in my opinion and I'm totally against the. They're just centralized currencies created for that one central power and not its users. BTC, ETH, XMR, HIVE, DOGE, etc etc are not to be boiled in the same water with those other ones. 

Hence, no I'm  not bullish about Mate 40 and its hardware wallet even if it would be available in Romania and support some damn native digital currency of ours and I still believe in the sovereignty and true financial freedom that true cryptos provide. 

*Thanks for attention,*
*Adrian*  

  



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vote details (91)
@claudio83 ·
The issuance of digital money by banks or centralized bodies is against all logic of the native blockchain.

In the end what would be the difference? None and therefore I find all this really ridiculous.

There are still few smartphones that support native wallets but I really hope that in the coming months there will be a surge in devices in circulation.

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@acesontop ·
I still haven't seen one that has that dedicated crypto wallet. I searched on the S10 menus and settings, but nothing. I hope future phones will have wallets for cryptos not bank issued digital currencies.

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@taskmaster4450le ·
Technology is neutral and we are entering a time when it is very powerful.

Hence, the question is now technology will do, that is rather obvious.  To me, the major question is who will be controlling the technology.  If it is as explained, this is dystopian for humanity.  There is no way I want Huawei or any other mega technology company having that much control; whether they are feeding the government or not.

Decentralization is the answer and must be pushed at every level.

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@acesontop ·
>Decentralization is the answer and must be pushed at every level.

Subscribe to that. By no means I'm trashing technological progress, being very happy with what I have at hand, and how's tech and the internet benefited me in the last decade or so, but still, used as I see it, by these companies I'm not that happy about its potential anymore. I would love for my smartphone to support cryptocurrencies, having a hardware wallet of course, but having one that supports a CBDC and knowing what governments are capable of, I'm no longer thrilled. As I said multiple times, they're using the concept of digital currencies for their means.  

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vote details (1)
@taskmaster4450le ·
>As I said multiple times, they're using the concept of digital currencies for their means.

Cryptocurrency is about freedom; CBDC is about control and power.

We are now starting to see that the technology companies are no different from governments.  In fact, a case could be made they are becoming even more powerful.

Which leads us back to decentralization.  Forget a smartphone that tracks crypto, how about one that is not either feeding Apple or Google with everything you do?  That is something that needs to be addressed.

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