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> The "Digital Euro" (and similar proposals by other political entities) has only one purpose: Causing all of your transactions and financial data to pass throu
by blitzar 8mo ago
> The "Digital Euro" (and similar proposals by other political entities) has only one purpose: Causing all of your transactions and financial data to pass through government hands.
They already do. Next theory?
- devsda 8mo agoHow ? I don’t think they can suddenly declare "these 10 bills with serial number 1,2,3 in blitzar's wallet are not legal tender" and everyone starts rejecting your cash.
- phil21 8mo agoDepends on the size of denomination of the bills. Snark aside.. Obviously a digital currency enables far more control and surveillance, but the long march towards digital means of payment via the traditional financial system and systematic outlawing of cash has slowly tightened the noose. You are down to very low value transactions being legal in most of Western Europe now. And the trends are getting worse. Central banking digital currency is just the final step in a decades long process. You can get to close to the same effectiveness on the ground without going full Monty.