I stayed clear from Pillar after I heard during an interview that the government will have direct access to one's Pillar wallet. No thank you.
wow that i dident know, thats bat shit crazy
To be fair, listen from this part of the interview:
https://youtu.be/Y4VEa2VwzQk?t=58m40s Some might not deem it direct access, but if they can deduct taxes from transactions I do via my Pillar wallet, personally I reckon that is like having direct access to my wallet. In addition, if you go back in that interview to around the 52m51s mark you will hear David mention the option to have a chip implanted.
This is the comment I left after watching it (shortly after it was posted on Jul 9, 2017):
"I wanted to get into Pillar, but feel otherwise after doing my own due diligence. E.g. too many tokens can potentially be issued (800m) - there will be no meat left on the bones short-term. It will most likely be pumped and then dumped, leaving many folks out of pocket.
In addition, I don't like the conflicting statements in terms of the max dollar amount that will be issued ($50m-$80m). Furthermore, I don't like the name of the "organization" involved. Why name it 2030, the same as UN Agenda 2030?
Aly Benson sums it up perfectly: "At the end where he said that taxes can be automatically deducted with every transaction and mentioned the chip and mentioned governments want on board that has me a little worried. Who would have the power to automatically take your money out of transactions? Do we want any entity to have power over us (essentially we are a number a bar code to them, and they take our money out automatically as tax?) This has me a bit worried. Hope this isn't one world government where they control us through a chip. Now I don't know what to think of it all...In my opinion big government is evil and they use our money to do evil...I don't want them having hands in my transactions that would put them in control, not the people.... At first it sounded good (decentralized etc), but if one entity has power to skim off your money they essentially own you and it is not decentralized anymore. One entity owns a lot of people again... instead of the revolution we need where a lot of people own everything and make decisions instead of a centralized power on top of them controlling them. Any one entity having power to take money off your person is scary in my opinion. I was with him until then end, then started thinking and I want to invest in a world where the people collectively are making decisions because average every day people are usually good and I don't want one single powerful entity controlling people or the planet. I would say no to working with governments. This is not their business, this is the people's business. Why involve them?"
My gut feeling smells a rat. Contrary to my initial statements, I am staying clear of this one and advise others to do the same."
Ye well i dont think thats the mark of the beast system, i think he is insane, no one would use a wallet with government association, the mark of the beast system will be connected to the United Nations database that has files already of every living man woman and child on the planet. They will force your income to be with them, or if you will, United Nations will be the only employer there is, most likely by dictate, eg an open slave society.
i Have a small position in that crap, i wish i knew. What a bunch of idiots, the tax authority's would just open some ether accounts or bitcoin accounts for you to send to so you can pay taxes that way if they want to. As it is now, cryptos is no friends of government cause they cant control it. I think that Pillar dudes have smoked to much funny herbs, they must have gone to far, it cant succeed if they do it like that, people will refuse.
I think i figured why its named 2030, the crack smoker think this will all be implemented between 2020 and 2030, he talks about no ownership and other communistic pipe dreams all the time.