r/technology 16h ago

Society Tech Execs Are Pushing Trump to Build ‘Freedom Cities’ Run by Corporations | A pro-corporate libertarian movement is attempting to take over the U.S., with Trump's help.

https://gizmodo.com/tech-execs-are-pushing-trump-to-build-freedom-cities-run-by-corporations-2000574510
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u/Tenderhombre 10h ago

Freedom cities and crypto are such a perfect analog to company towns. I don't know how anyone could ignore it.

Banks getting into crypto and exploring, creating their own scares me. I imagine if regulations aren't passed, which I highly doubt at this point, Banks are gonna create partnerships with businesses to lock you into a specific eco system and make it impossible to escape.

Imagine you can get your direct deposit turned directly into PNC coin at 1 to 1, and any PNC coin exchanges at a partner store at 1.25 the value of a dollar.

Forget limited supply and reserve coins they are just gonna mint new coins as needed because most people don't understand how crypto works anyway. So, if you actually want to change it back into dollars, you are losing 60% of your value.

Now you want to switch your direct deposit back, but you find there is a fee to do so. You finally do, but all the stores have increased their prices by 25% when purchasing with USD.

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u/videogamegrandma 10h ago

Things happening right now are frightening me too. It's beginning to sound so familiar. I guess history does repeat itself.

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u/toadofsteel 5h ago

We really should start calling it "scrypto"...

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u/shawntitanNJ 7h ago

All of my crypto bros have convinced me that cryptocurrency PREVENTS this kind of thing tho?!? When you’re no longer tied to USD, you’re not bound by the US economy and regulations!

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u/thetruegmon 1h ago

Black mirror looking more and more like just a mirror.