this post was submitted on 01 Jul 2023
15 points (69.2% liked)
Privacy
32173 readers
1229 users here now
A place to discuss privacy and freedom in the digital world.
Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.
In this community everyone is welcome to post links and discuss topics related to privacy.
Some Rules
- Posting a link to a website containing tracking isn't great, if contents of the website are behind a paywall maybe copy them into the post
- Don't promote proprietary software
- Try to keep things on topic
- If you have a question, please try searching for previous discussions, maybe it has already been answered
- Reposts are fine, but should have at least a couple of weeks in between so that the post can reach a new audience
- Be nice :)
Related communities
much thanks to @gary_host_laptop for the logo design :)
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
the hell is "digital euro" and how is it any different from the euro in my bank account
Well, the euro in your bank account is owned by the bank (they have custody) and nominally assigned to you.
A digital CBDC euro would be owned directly by the government, kept in an "account" controlled directly by that same government, which then they will allow you to use "your" (their) money.
The differences would have been more obvious 50 years ago when bank balances weren't just numbers on a screen like today.
Unfortunately, this person is correct.
The mechanisms to freeze someone’s money in the banks already exist and are being used.
Not that I think this project for the digital Euro is a great idea.
I trust my government more than a bank, though.
If you're American, I don't expect you to understand.
Looks like a centralized alternative to a bank card. Rather than using an existing network like Visa or MasterCard as the backbone it appears that their intent is to build their own separate system. The project is still in the planning phase though, so what it eventually looks like (if it ever happens) is anyones guess.
Source: Your ass
Most likely some kind of CBDC.
I'm guessing it's their bitcoin alternative.