That’s why only Central Banks can create digital currencies
The Fed recently put out a white paper, Data Privacy for Digital Asset Systems, which contends that the expectation of privacy in digital currencies (read: CBDCs) stems from misunderstanding how digital systems work.
“Concepts such as the desire for ‘cash-like anonymity’ are based on false underlying assumptions.”, is the crux of it (quick, somebody tell the Monero team, and everybody else already deploying anonymizing protocols and applications for digital assets).
The subtext is that there can be some privacy and confidentiality safeguards built into CBDCs, but at the end of the day those would still be subject to being overridden or dispensed with. The paper doesn’t come out and say that, but it does make oblique references:
https://bombthrower.com/wef-somebody-has-to-be-in-charge-of-rationing-privacy/
Sheila Gunn Reid discusses how the United Nations refused to allow Rebel News into its climate change conference in Brazil despite an email claiming Rebel News was accredited.
The United Nations climate conference in Belém, Brazil, is underway — and, in true UN fashion, it took all of ten minutes for the hypocrisy to hit us in the face.
For the first time in nine years, Rebel News was officially accredited to enter the conference grounds. We got the approval emails. We got our work visas. We flew half way around the world. We went to pick up our badges. Then the bureaucrats did what UN bureaucrats always do when a climate heretic gets too close: they found a problem.
Suddenly, our accreditation “didn’t allow” us inside the main venue — the pavilions, media rooms, and meeting halls packed with activists, diplomats, and 55,000 carbon-burning delegates who flew halfway around the world to lecture ordinary people about their energy use.
But somehow, we were ...