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Home Blockchain

Australia Introduces a Social Credit System, Cardano Founder Calls for Privacy Preservation

by Chiwuike Owunwa
Dec 13, 2022 - 12:00 am
in Blockchain
Australia Introduces a Social Credit System

On the 11th of December 2022, Charles Hoskinson shared a tweet by Bernie about Australia’s new social credit system.

Actually happening. Not hypothetical. This is why we need to stand with absolute resolve against those who want to do this to us. https://t.co/Y3UiQgeuxK

— Charles Hoskinson (@IOHK_Charles) December 11, 2022

The Australian government is considering a new bill that would remove user anonymity of all kinds from social media platforms. Users are going to be expected to provide full identification for them to be verified to use any social media platform or post on it.

The government expects 100-point verification from every citizen using social platforms. Such as passports, national identifications, driver’s licenses, and such. This new system also gives the police and authorities jurisdiction over the citizen’s accounts, allowing them to charge users for “wrongful use” of their accounts.

It’s all intended as a radical means to crack down on whatever they perceive as an abuse of the social media space. This means that users would be vulnerable to defamation suits at best and even criminal prosecution. It is portrayed as a means to stop users from engaging in “bad behaviors”. Thus turning the concept of user anonymity into an enemy of the state.

But who gets to decide what is bad for the state… not the citizens but whoever has wiggled his way into the seat of power. This is why no matter how harsh the crypto winter is, there would always be die-hard enthusiasts working to build Satoshi Nakamoto’s dream.

With signs that the US government was attempting to utilize Twitter to wage an information war and control the perceptions of its users, and the new games surrounding the government and SBF, it’s clear that the government is searching for ways to control the social media and crypto space. Thus the ability to be anonymous is a major threat to governmental affairs.

With the current crypto winter, and dangers of centralized platforms, the innovation and drive towards decentralizations and DAO organizations are paramount to avoid the current crackdown on privacy, anonymity, and freedom of speech.

If this bill is passed, all who are seen as enemies of the new police state brewing would have their voice limited and their reach toned down, and their accounts deactivated. The concept of a fully actualized crypto industry would provide a decentralized way of sharing information, protecting privacy, and limiting the bad players while ensuring that enormous power does not rest within the grasp of the elite few.

In Charles’s opinion, we have to stand with absolute resolve to mitigate such plans against the general populace.

Tags: Crypto
Chiwuike Owunwa

Chiwuike Owunwa

Chiwuike is a frontend programmer and writer with 3 years experience in the Web3. He's meticulous researcher, enthusiastic about Blockchain and the future of crypto, DeFi, and the Metaverse.

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