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European Central Bank to start two-year "preparation phase" for digital euro (reuters.com)
5 points by Terretta on Oct 22, 2023 | hide | past | favorite | 1 comment



The term digital currency is merely a cover that is propagated for what I'm afraid will lead to some really bad things. For one, we already have digital currency. We can move money from anyone to anyone without actually moving paper. The technology is there, we don't need anything more.

What this is really about in fact, is centralised accounts. Authorities all over the world want accounts to be centralised in one place so they have control over every single transaction that can happen. This will be a major pivot point for civilisation. For eons, people have had the power to participate in an economy freely. With centralised accounts we not only surrender this power to our authorities, but we make it easy for them to abuse it.




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