4 ms·
Many countries [1][2] are designing a CBDC, which is similarly requires a Digital ID system like Worldcoin needs for UBI. However, the implementation is what ma
by jessenaser 4y ago
Many countries [1][2] are designing a CBDC, which is similarly requires a Digital ID system like Worldcoin needs for UBI. However, the implementation is what matters. It is entirely possible to make a private CBDC that works like cash and private Digital ID system. Duly noted that conspiracy theorists could go berserk, however we need to assess as a society what methods we choose to build online money and online identity and prevent faulty implementations from being the ones that our governments and businesses use. We may not want digital ID in the form of mimicking government ID. We may want digital money to work as cash - entirely anonymous.
Like this article, we should point out where implementations go wrong to prevent their deployment. However, we should go further for those who have the time to propose better systems such that the worse ones don't win out.
[1] <https://www.federalreserve.gov/central-bank-digital-currency.htm https://www.federalreserve.gov/central-bank-digital-currency...>
[2] <https://cbdctracker.org https://cbdctracker.org>