Interesting idea, but the skeptic in me can't see how a bunch of politicians will allow this through without watering down the privacy stuff to the point that i

Interesting idea, but the skeptic in me can't see how a bunch of politicians will allow this through without watering down the privacy stuff to the point that it's completely not private. This is the same august body that has repeatedly pushed for breakable encryption, backdoors, and surveillance requirements on technology - give them a chance to start with a new technology completely from scratch, and they'll likely do the same