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I'm not gonna use CBDC because they'll get hooked up to digital id, no matter what they're "promising" right now. This is just another shitcoin no one asked for

I'm not gonna use CBDC because they'll get hooked up to digital id, no matter what they're "promising" right now. This is just another shitcoin no one asked for.

basisword 4mo ago
Aren't your transactions with your bank already hooked up to your identity? >> This is just another shitcoin no one asked for. Giving Europe independence from US payments processors is a huge deal and very necessary.
- alejoar 4mo ago
  [flagged]
- euio757 4mo ago
  > Giving Europe independence from US payments processors is a huge deal and very necessary You do realize that US payement processor like Visa & MasterCard rely on chip technology from French company (Gemalto, now part of Thales), so these companies aren't independent from EU to start with. Getting independence from the networks themselves, you only need to create a local competitor ... And those has been existing for multi-decades in each country. E.g. Carte Bleue(France) Bancomat (Italy), Bizum (Spain), SIBS (Portugal) etc. Just merge those into a bigger more ambitious network "EuroPA" is exactly that effort. A digital euro is completely orthogonal to that effort. Crazy people don't see how dystopian and dangerous the concept of a centralized digital currency is...
starfallg 4mo ago
CDBC doesn't necessarily imply blockchain. It can be just another payments system.
dewey 4mo ago
That's a clear case of perfect being the enemy of good. Are CBDC privacy friendly? No, but it's better than 100% of the credit cards currently being used in Europe being part of the network of two big US companies.
- mdp2021 4mo ago
  > perfect [as] the enemy of good In real critical systems, that seldom happens. Satisficing is the recipe for disaster. The current disastrous "world" is built on imperfect systems, "what could possibly go wrong" style. It takes full work to create an acceptable instrument. You are mentioning an improvement over credit cards - we would like to have a payment system acceptable by - say, the more "attentive", "discriminative" members of this community.
  - dewey 4mo ago
    Can you say that a bit more clearly? What's your practical suggestion?
    - mdp2021 4mo ago
      Contextually, clearly, "widely accepted electronic money with privacy" - as since a few years I cannot make transactions online as all the decent ways are gone. You cannot call "perfect being the enemy of good" something like "the former solution punched you in the face, this punches in the guts" - it's still "punches". The contextual solution from the eu only affects those who accepted those credit cards - and already that is a special (while overwhelming) chunk of the population, since today they are mostly those who accepted NFC on financial cards (we don't). In general, "perfect" is required - because today "acceptable" is not granted and it is crucial part of the details.
crimsdings 4mo ago
There is no bank account that isn't linked to your id already.
dgellow 4mo ago
You don't have to use it. you can continue to use your bank account (which is linked to your id, obviously)
- mdp2021 4mo ago
  As long as we can still use cash - on the condition that it is not linked to any ID.

I'm not gonna use CBDC because they'll get hooked up to digital id, no matter what they're "promising" right now. This is just another shitcoin no one asked for.

basisword 4mo ago

Aren't your transactions with your bank already hooked up to your identity? >> This is just another shitcoin no one asked for. Giving Europe independence from US payments processors is a huge deal and very necessary.

alejoar 4mo ago
[flagged]
euio757 4mo ago
> Giving Europe independence from US payments processors is a huge deal and very necessary You do realize that US payement processor like Visa & MasterCard rely on chip technology from French company (Gemalto, now part of Thales), so these companies aren't independent from EU to start with. Getting independence from the networks themselves, you only need to create a local competitor ... And those has been existing for multi-decades in each country. E.g. Carte Bleue(France) Bancomat (Italy), Bizum (Spain), SIBS (Portugal) etc. Just merge those into a bigger more ambitious network "EuroPA" is exactly that effort. A digital euro is completely orthogonal to that effort. Crazy people don't see how dystopian and dangerous the concept of a centralized digital currency is...

starfallg 4mo ago

CDBC doesn't necessarily imply blockchain. It can be just another payments system.

dewey 4mo ago

That's a clear case of perfect being the enemy of good. Are CBDC privacy friendly? No, but it's better than 100% of the credit cards currently being used in Europe being part of the network of two big US companies.

mdp2021 4mo ago
> perfect [as] the enemy of good In real critical systems, that seldom happens. Satisficing is the recipe for disaster. The current disastrous "world" is built on imperfect systems, "what could possibly go wrong" style. It takes full work to create an acceptable instrument. You are mentioning an improvement over credit cards - we would like to have a payment system acceptable by - say, the more "attentive", "discriminative" members of this community.
- dewey 4mo ago
  Can you say that a bit more clearly? What's your practical suggestion?
  - mdp2021 4mo ago
    Contextually, clearly, "widely accepted electronic money with privacy" - as since a few years I cannot make transactions online as all the decent ways are gone. You cannot call "perfect being the enemy of good" something like "the former solution punched you in the face, this punches in the guts" - it's still "punches". The contextual solution from the eu only affects those who accepted those credit cards - and already that is a special (while overwhelming) chunk of the population, since today they are mostly those who accepted NFC on financial cards (we don't). In general, "perfect" is required - because today "acceptable" is not granted and it is crucial part of the details.

crimsdings 4mo ago

There is no bank account that isn't linked to your id already.

dgellow 4mo ago

You don't have to use it. you can continue to use your bank account (which is linked to your id, obviously)

mdp2021 4mo ago
As long as we can still use cash - on the condition that it is not linked to any ID.