BlackRock's Larry Fink: "Tokenization", Digital IDs, & Social Credit
9 comments
·November 4, 2025cattown
Use cash. Get cash out at the ATM, keep it in your wallet. Spend it at local businesses. Even if you can’t do it all the time do it as much as you can. Start today and stick with it.
Otherwise this is what we’ll be stuck with everywhere all the time. There won’t be a choice anymore if you don’t exercise that right. We’re already far down this slippery slope.
idle_zealot
And advocating for mass individual consistent behavioral change is less than useless. If you want change you need political organization. The sum of public opinion is more influenceable than the sum of everyone's actions. Unfortunately, in the US it's not so simple as "vote for the party that's against this" as we only have two and neither are. Which means if you want to be effective you should throw your lot in with an advocacy group. In this case probably the EFF, maybe the ACLU?
mrdarkies
cameras + machine learning trackable serialized bills
Almondsetat
Yeah, people forget bills have a serial code, and if shops were required by law to validate them you could still mostly track all the money
calciphus
Or if it was just valuable tracking data for them to have.
You don't need a law where there's profit incentives. Rewards programs track plenty.
viccis
You first, Larry. Any functional social credit would have him at "untouchable" levels.
AlexandrB
What I find funny about this is that cryptocurrency - a supposed way to create a currency independent of bank or government control - laid the foundation for this. Look at all the terminology Larry Fink is throwing around here: tokens, ledger, fractional ownership.
Good stuff, thanks guys!
IncreasePosts
Cryptocurrency did not lay the foundation for a ledger. That's been around for over 500 years. And fractional ownership was well understood before computers, but viewed as not worth the effort.
Dude who became powerful by the simplest business model in existence (buying S&P winners with other people's money, selling losers), suddenly gets to set the policy for the rest of the world. Index funds should never be allowed to vote in corporations they own as their business model is just a simple rental of success.