A warning from the former Chief Technology Officer of Coinbase, one of the world’s leading tech companies, suggests a potential betrayal to the American people.
G7 Statements!
In a recent interview on the Impact Theory podcast, Balaji Srinivasan proposed that if G7 countries allow seizure of digital assets, tech giants like Apple, Microsoft, and Google might aid them.
According to Srinivasan, a Bitcoin (BTC) bull, countries may decide to seize digital assets in the future to escape economic turmoil. He suggested that tech giants could easily scan our devices to locate and deliver private keys to authorities if ordered. The expert stated:
“G7 countries are going to have a real problem, and money will become harder… Then, most of the world depends on whether G7 countries and China can seize digital assets or not. If they can, it’s like a point of divergence in history. It could mean that this is where your total situation is with CBDCs (central bank digital currencies) etc. If they can’t seize the assets, then you have a different branch point in history; it means communities can basically have their own start-up communities and eventually what I call a “network” with digital gold or cryptocurrency and crowd fund zones. And then, you return to something more like the 1800s, where you can get a piece of land and build a town or something, even purchase Alaska, Louisiana Purchase, things like this… The real branch point is essentially, will it be possible to seize assets in the digital world?”
Apple
Srinivasan explains why he believes that large tech companies could help governments seize digital assets.
“The biggest risk factor for this is actually Apple, Google, and Microsoft because they have access to the operating system. What I’m most worried about is this: Apple having software updates and Google being able to enter your Google Drive and Microsoft owning Windows and if ordered by the government, theoretically, they can scan your hard drive for private keys and then pull your digital assets.”
