Introducing the Private Finance Syndicate (PFS)
Financial privacy is not a privilege, it is a fundamental human right. In the years to come, it will become a necessity. The PFS, by Navcoin and LunarDAO, is set out to fight for freedom!
Most of you will already know it - I am an advocate for financial privacy, facilitated by cryptography and blockchain-technology. While Bitcoin and Ethereum enabled a new asset class and innovative applications (dApps; DeFi), there is one central problem that not many people are really thinking through, which is the fact that those solutions are not anonymous, but pseudonymous.
However, as we were able to observe the past years, anonymity is something that will be needed in the future. Growing regulations of cryptocurrencies, one could even say regulatory overreach, the global introduction of CBDCs, the ban of private cryptocurrencies in certain countries, all those things are giving a clear signal: The fundamental human right of financial privacy is threatened!
If we do not innovate, if we do not use private finance (PriFi) solutions, we might wake up in a dystopian world one day. A world in which every transaction is monitored, a world in which access to your funds can be revoked literally by a mouse click.
The Private Finance Syndicate (PFS), founded by Navcoin and LunarDAO, aims to fight back. We are building a non-profit organisation that bundles forces of projects and individuals in the PriFi space. We do not see other PriFi projects as competition, but rather as like-minded partners.
Regulators and government bodies will come for all of us if we do our job properly, giving what the people need in the future: financial privacy. Unity, exchange of knowledge and network, shared ideals – with every project joining us, we grow stronger together.
In the next weeks we will start to onboard relevant partners (PriFi projects as well as individuals such as developers and researchers) who share our vision and want to be a part of the PFS. If you are interested in finding out more, feel free to visit privatefinancesyndicate.io to read our manifesto! Also, you can follow us on Twitter.
Let’s fight for financial privacy. Together!