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/
This is quite a Read.!!
Wow!!!!! she’s pissed!! we all should be..
One really pissed-off CANADIAN citizen!!!
It appears that this Senator hit a sour chord with this young lady!!
Jeff Smith, a Senator from Quebec, calls senior citizens the "Greediest Generation" as he compared , Old Age Security to "a Milk Cow with over a million teats".
Here's a response in a letter from Patty Johnstone in Ontario ..
I think she is a little ticked off! She also tells it like it is!
"Hey Jeff, let's get a few things straight!!
1. As a career politician, you have been on the public dole (tit) for FIFTY YEARS.
2. I have been paying CPP & OAS for 48 YEARS (since I was 15 years old. I am now 63). Being a Canadian citizen for over 20 years & paying my taxes, I am eligible at 65 to apply for Old Age Security - OAS (paid for through my taxes).
3. My Canada Pension payments, and those of millions of other Canadians, were safely tucked away in an interest bearing account for decades until you political pukes decided to raid...
https://www.perplexity.ai/page/google-paper-ignites-bitcoin-d-EBq8Y4YfRhqrQYMFtg4u1g