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/
Seems like Australia is finally waking up!
One Nation sure sounds a lot like Canada’s PPC. Wouldn’t it be great if Canadians could wake the hell up and figure out that they could vote for a party that actually shares their values like Aussies seem to be doing.
That’s Maxime Bernier’s message on his Alberta tour. He’s calling for radical decentralization: getting Ottawa out of provincial affairs and putting decisions back in the hands of the provinces — and closer to the people who live with the consequences.
MAX’S MESSAGE: OTTAWA, GET OUT OF PROVINCIAL AFFAIRS.
Tonight, Max makes his case live from Calgary, joined by Isaias Nolasco of New Generation PPC, Nadine Wellwood Autor of Alberta Rising, and Madison and MayCee Holmes, co-hosts of At Home with Holmes.