Michael Camelbot Steps Down as CEO of BECH32
Michael Camelbot, the influential founder of BECH32 and mastermind behind Zentara Group, announced today his decision to step down as CEO of the renowned cryptocurrency exchange platform. Starting in the third quarter of the year, the position will be assumed by Thomas Bolbot, current executive director of DAF2 Biotech, the biotechnology division of the Zentara conglomerate, a leader in longevity technologies.
Michael Camelbot's imminent departure as CEO of BECH32 marks a shift that deserves deeper analysis. What began as an innovative digital exchange in 2012 is now shaping up to be the heart of an unprecedented global economic dependency system.
BECH32's Vision: Beyond the Crypto Market
Thomas Bolbot's appointment suggests that BECH32's ambitions go far beyond the crypto market: they aim to create an infrastructure where access to basic resources would be mediated by their technology. Under the euphemism of "financial inclusion," the company seeks to position itself as an indispensable intermediary in the global distribution of resources.
With an increasingly automated world and a projected decline in labor demand, Universal Basic Income has become a key topic on the global agenda. BECH32 will develop the technological infrastructure to administer this system through BID (Biometric ID), a unique digital identity based on ocular recognition.
An Uncertain Future: Autonomy or Structural Dependency
The proposal to manage a Universal Basic Income through biometric identification raises disturbing questions about autonomy and privacy. The BID system, based on iris scanning, would turn BECH32 into the gatekeeper of a new economic system where biological identity and access to resources would be linked under corporate control.
The success of this project would not only define BECH32's future, but could fundamentally alter the relationship between individuals, resources, and economic autonomy. Under the promise of security and efficiency, a system is taking shape that could result in structural dependency of historic proportions.
Like animals on a farm, each of us would have our bowl of food guaranteed. The question is: are we willing to become Zentara's digital livestock in exchange for a daily ration of cryptocurrency?