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fyi, central bank digital currencies are generally proposed as an anonymous system of digitally-native currency that means you would not have to use a bank/payp

fyi, central bank digital currencies are generally proposed as an anonymous system of digitally-native currency that means you would not have to use a bank/paypal/etc. to conduct transactions online it's a way of central banks taking back control of the currency system from mastercard/paypal/yourbank/etc. there should be no reason we need banks to conduct basic tasks which are increasingly digital only. irrc, proposals do not include any mechanism to reliably associated transactions over time with an individual's identity. if implemented it would increase privacy, as it would deprive banks/online middlement/etc. from having your transaction hisotry which is usually trivially accessible by law enforcement anyway

verisimi 3y ago
I guess that means they won't track you then! Lol
wwwtyro 3y ago
I'd be worried they'd wait until the population was reliant upon it, and then flip a switch disabling privacy. Seems risky.
- mjburgess 3y ago
  'they' are the population -- you can read BoE proposals on digital currency in the open; and likewise, the legal framework will be public the 'they' who flip switches are more company boards, rather than public democratic institutions of western liberal states for them to implement anything other than published papers on the system, it would require a conspiracy -- one unjustified given how trivial it is to monitor people anyway
tjpnz 3y ago
>it's a way of central banks taking back control of the currency system from mastercard/paypal/yourbank/etc. The middlemen are going to fight this to the very end, even if they have to resort to dirty tactics. It's no wonder that so much misinformation has cropped up on these in the last few years.
kolanos 3y ago
> fyi, central bank digital currencies are generally proposed as an anonymous system of digitally-native currency that means you would not have to use a bank/paypal/etc. to conduct transactions online I am not aware of a single CBDC that is anonymous. Do you have a source for this claim?
- JetSpiegel 3y ago
  Taler is semi-anonymous, for the buyer but not for the seller, to avoid tax evasion.
- mjburgess 3y ago
  the bank of england

verisimi 3y ago

I guess that means they won't track you then! Lol

wwwtyro 3y ago

I'd be worried they'd wait until the population was reliant upon it, and then flip a switch disabling privacy. Seems risky.

mjburgess 3y ago
'they' are the population -- you can read BoE proposals on digital currency in the open; and likewise, the legal framework will be public the 'they' who flip switches are more company boards, rather than public democratic institutions of western liberal states for them to implement anything other than published papers on the system, it would require a conspiracy -- one unjustified given how trivial it is to monitor people anyway

tjpnz 3y ago

>it's a way of central banks taking back control of the currency system from mastercard/paypal/yourbank/etc. The middlemen are going to fight this to the very end, even if they have to resort to dirty tactics. It's no wonder that so much misinformation has cropped up on these in the last few years.

kolanos 3y ago

> fyi, central bank digital currencies are generally proposed as an anonymous system of digitally-native currency that means you would not have to use a bank/paypal/etc. to conduct transactions online I am not aware of a single CBDC that is anonymous. Do you have a source for this claim?

JetSpiegel 3y ago
Taler is semi-anonymous, for the buyer but not for the seller, to avoid tax evasion.
mjburgess 3y ago
the bank of england