There was a piece about the digital euro in Finnish state news media today: "Money usage will become free around eurozone - central bank will provide citizens a digieuro to substitute card payments"
Few takeaways from the article:
1) Surveilance: Article claims that Idea of the digieuro is not to track single users and what they are paying for. One the other hand it is stated that it will need to be connected to your digital ID, and that it cannot be fully anomoys to make it possible to stop money laundering and terrorism.
- Translation: Full tracking possible and will be used.
2) Verifiability: It must be made impossible to derive central bank total balance sheet from the system. This is so that it does not inflict financial stability problems and therefore endanger the deployment of monetary policy -Finnish Central Bank top board member
- In plain words: You are not allowed to know how much digieuros are created. This must be done because if everyone knew - everyone would know that the euro has no value.
Digieuro will be a total opposite of Bitcoin!
Opt out.
https://yle.fi/a/74-20028976
Juspace
npub1cs…xde4f
2023-04-28 09:45:20
Author Public Key
npub1csnjjeyeuke0w9xxehfncvj3tzmw0dy9n90632jn64hkr8fp6m6q3xde4fPublished at
2023-04-28 09:45:20Event JSON
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"content": "There was a piece about the digital euro in Finnish state news media today: \"Money usage will become free around eurozone - central bank will provide citizens a digieuro to substitute card payments\"\n\nFew takeaways from the article:\n\n1) Surveilance: Article claims that Idea of the digieuro is not to track single users and what they are paying for. One the other hand it is stated that it will need to be connected to your digital ID, and that it cannot be fully anomoys to make it possible to stop money laundering and terrorism.\n\n- Translation: Full tracking possible and will be used.\n\n2) Verifiability: It must be made impossible to derive central bank total balance sheet from the system. This is so that it does not inflict financial stability problems and therefore endanger the deployment of monetary policy -Finnish Central Bank top board member\n\n - In plain words: You are not allowed to know how much digieuros are created. This must be done because if everyone knew - everyone would know that the euro has no value.\n\nDigieuro will be a total opposite of Bitcoin!\nOpt out.\n\nhttps://yle.fi/a/74-20028976",
"sig": "18d8aa4581d02bb3f19ef03c4ed96f3ce475476589f5587eadffc4874b68b18f639a65b4fb44f0cf0421d940f6bd70388e8140b424d268c647dee1de8ad84418"
}