Increased Global Centralisation

“You’ll be able to come to X and be able to transact your whole financial life on the platform” - X CEO, Linda Yaccarino.

While many are excited about X becoming the “everything app”, adding features like banking, investing, and identity to the current offering of news and media raises serious concerns about the over-centralisation of critical facilities globally.

As the West appears on track to develop its own version of China’s WeChat — a primary hub for banking, communication, news, media, and ID, with direct links to social credit scores, it’s clear humanity is quickly trading away autonomy, resilience, and freedom in exchange for ease and convenience.

Although central bank digital currencies have been fast-tracked across most major nations, Elon has simultaneously been vocal about implementing blockchain on X as its payment rail infrastructure. This would create an ideal foundation for CBDCs to operate on — for both individuals and organisations. Additionally, as a strong proponent of fighting climate change via his solar and electric initiatives, there is speculation around the potential implementation of tokenised carbon credits on the same platform — which, if realised, would allow centralised influence over individuals’ and companies’ carbon footprints.

While Elon has so far been a champion of free speech, centralising control in any form poses a major threat to dissent. When the same authority controls a user’s ID and finances via real-time CBDC mechanisms, it creates the perfect environment for an authoritarian global regime.

Additionally, the systemic fragility that could arise from life grinding to a halt during the inevitable reality of a cyber-attack or downtime within a centralised global financial, identity, and media application is another major pitfall of this trajectory — one that most seem not only willing, but excited to embrace.

As we become more globally connected, our viewpoints and cultures become increasingly homogenous — eroding uniqueness and diversity in exchange for a global “oneness”. This lack of viewpoint diversity risks the serious ostracisation of anyone who does not conform to this global culture. While this dynamic has been rising for decades, we saw a concentrated example during the 2020 pandemic.

Proponents of this centralisation argue that it improves efficiency, coordination on global issues, quality, and safety. However, are these benefits worth the cost of lost autonomy, systemic fragility, and the potential for global conditioning and control?

Though centralisation seems to be humanity’s current trajectory, a grassroots fight for decentralisation is essential to preserve our God-given freedom. This requires some level of financial agency outside of the mainstream global financial system.

In an increasingly centralised world, assets like gold and silver — eternal, reliable, and decentralised — provide an accessible alternative, protecting against human control, corruption, and fragility, and anchoring us instead to God-given freedom, reliability, and security.