The U.S. is gingerly considering whether to adopt a digital version of its currency
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The U.S. is debating whether to adopt a digital dollar : NPR[^]
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In that scenario, the U.S. would not only mint the coins and print paper bills but also issue digital cash, or a central bank digital currency (CBDC), that would be stored in apps or "digital wallets" on our smartphones.
Great. The digital bank will probably be implemented in Ruby like some electronic voting systems we saw, and transactions will take minutes or hours, with frequent crashes, and then you-know-who will hack the system anyways. Not to mention even more tracking of our purchases. Maybe Alphabet or Facebook will be implementing the digital bank. :laugh:
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ASP.NET Core Web API: Plugin Controllers and ServicesI really don't believe that they are after me, but even if I were paranoid, they might be! Currently (that includes 'considering the powers currently in force') I 'have nothing to hide', as the way of speech goes. Yet it bugs me that those powers are given the mechanisms to track how much beer I drink and of which make, my choice of toothpaste and at which concerts and theater shows I pay for my ticket. I can understand that East Germany STASI wanted to know those details, but I do not see why our current powers should have any such need. Or even desire. It bugs me that the authorities seem to take more and more control over information about our lives. So I have made it a matter of principle to reduce as far as possible the information about my daily life to the forces in power. My daily shopping, whether groceries, books or home utensils, is paid in cash. I turn off both GPS, WiFi and BT on my smartphone when I do not actively need it - and I often 'forget' to put the phone in my pocket when I am away from home. I have dropped using my 'membership card's giving me a 1% discount but disclosing to the big data fellows complete details of every single item that I buy. I am not streaming movies disclosing my viewing habits; I buy hardcopy disks. Things like that. That day when I no longer can choose my brand of toothpaste without having it registered in the files of some power in force, that will strongly affect my daily habits. I demand the right to buy my toothpaste anonymously. So I am going to fight for the right to pay for my toothpaste using physical, anonymous money for as long as there is the slightest chance of holding on to my economic privacy. Note that I make no assumption about 'powers in force' being the so called 'elected' politicians. I do not consider them to be 'in force' of anything but a political circus. They are just mock-ups for the real powers. But of course, the real powers may very well use the elected politicians to front their agenda. So I don't want to give my life away to them; I do not see that 'democratically elected' in any way serves as a protection of my privacy.
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I really don't believe that they are after me, but even if I were paranoid, they might be! Currently (that includes 'considering the powers currently in force') I 'have nothing to hide', as the way of speech goes. Yet it bugs me that those powers are given the mechanisms to track how much beer I drink and of which make, my choice of toothpaste and at which concerts and theater shows I pay for my ticket. I can understand that East Germany STASI wanted to know those details, but I do not see why our current powers should have any such need. Or even desire. It bugs me that the authorities seem to take more and more control over information about our lives. So I have made it a matter of principle to reduce as far as possible the information about my daily life to the forces in power. My daily shopping, whether groceries, books or home utensils, is paid in cash. I turn off both GPS, WiFi and BT on my smartphone when I do not actively need it - and I often 'forget' to put the phone in my pocket when I am away from home. I have dropped using my 'membership card's giving me a 1% discount but disclosing to the big data fellows complete details of every single item that I buy. I am not streaming movies disclosing my viewing habits; I buy hardcopy disks. Things like that. That day when I no longer can choose my brand of toothpaste without having it registered in the files of some power in force, that will strongly affect my daily habits. I demand the right to buy my toothpaste anonymously. So I am going to fight for the right to pay for my toothpaste using physical, anonymous money for as long as there is the slightest chance of holding on to my economic privacy. Note that I make no assumption about 'powers in force' being the so called 'elected' politicians. I do not consider them to be 'in force' of anything but a political circus. They are just mock-ups for the real powers. But of course, the real powers may very well use the elected politicians to front their agenda. So I don't want to give my life away to them; I do not see that 'democratically elected' in any way serves as a protection of my privacy.
I imagine there will be a new "dark currency" industry to anonymize purchases. ;)
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ASP.NET Core Web API: Plugin Controllers and Services -
The U.S. is debating whether to adopt a digital dollar : NPR[^]
Quote:
In that scenario, the U.S. would not only mint the coins and print paper bills but also issue digital cash, or a central bank digital currency (CBDC), that would be stored in apps or "digital wallets" on our smartphones.
Great. The digital bank will probably be implemented in Ruby like some electronic voting systems we saw, and transactions will take minutes or hours, with frequent crashes, and then you-know-who will hack the system anyways. Not to mention even more tracking of our purchases. Maybe Alphabet or Facebook will be implementing the digital bank. :laugh:
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ASP.NET Core Web API: Plugin Controllers and ServicesI already have that: Master Card.
Wrong is evil and must be defeated. - Jeff Ello
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Marc Clifton wrote:
The digital bank will probably be implemented in Ruby
or Cobol. :laugh:
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I imagine there will be a new "dark currency" industry to anonymize purchases. ;)
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ASP.NET Core Web API: Plugin Controllers and Services -
The U.S. is debating whether to adopt a digital dollar : NPR[^]
Quote:
In that scenario, the U.S. would not only mint the coins and print paper bills but also issue digital cash, or a central bank digital currency (CBDC), that would be stored in apps or "digital wallets" on our smartphones.
Great. The digital bank will probably be implemented in Ruby like some electronic voting systems we saw, and transactions will take minutes or hours, with frequent crashes, and then you-know-who will hack the system anyways. Not to mention even more tracking of our purchases. Maybe Alphabet or Facebook will be implementing the digital bank. :laugh:
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ASP.NET Core Web API: Plugin Controllers and ServicesQuote:
Maybe Alphabet or Facebook will be implementing the digital bank. Laugh | :laugh:
Wonder why you left out microsoft and oracle ... select * from usa_digital_currency
Caveat Emptor. "Progress doesn't come from early risers – progress is made by lazy men looking for easier ways to do things." Lazarus Long
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Quote:
Maybe Alphabet or Facebook will be implementing the digital bank. Laugh | :laugh:
Wonder why you left out microsoft and oracle ... select * from usa_digital_currency
Caveat Emptor. "Progress doesn't come from early risers – progress is made by lazy men looking for easier ways to do things." Lazarus Long
abmv wrote:
select * from usa_digital_currency
No, the codez is
SELECT MONEYZ FROM DUAL;
Oh sanctissimi Wilhelmus, Theodorus, et Fredericus!
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I already have that: Master Card.
Wrong is evil and must be defeated. - Jeff Ello
I have a bank account; so most of my fiat is already digital. As for the dollar to become a crypto currency - I highly doubt it. The money base needs to inflate at roughly 2% annually. In both cases, it's worth the same as ingame tokens. Only silver is money :)
Bastard Programmer from Hell :suss: "If you just follow the bacon Eddy, wherever it leads you, then you won't have to think about politics." -- Some Bell.
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I have a bank account; so most of my fiat is already digital. As for the dollar to become a crypto currency - I highly doubt it. The money base needs to inflate at roughly 2% annually. In both cases, it's worth the same as ingame tokens. Only silver is money :)
Bastard Programmer from Hell :suss: "If you just follow the bacon Eddy, wherever it leads you, then you won't have to think about politics." -- Some Bell.
Eddy Vluggen wrote:
I have a bank account; so most of my fiat is already digital.
I do too! So those who want to monitor my spending habits may be able to discover (authorization is required - but that is no problem for the authorities) that I once or twice a month make a sizable cash withdrawal. I guess that they can draw a lot of conclusions from that ... Additionally, they may discover that I am paying for the water, electricity, garbage collecting, ... all the standard expenses that everyone has - they are automatically drawn from my bank account. You are right that all my money has passed through digital channels at least once. Yet, the threat to my privacy is quite restricted.
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Eddy Vluggen wrote:
I have a bank account; so most of my fiat is already digital.
I do too! So those who want to monitor my spending habits may be able to discover (authorization is required - but that is no problem for the authorities) that I once or twice a month make a sizable cash withdrawal. I guess that they can draw a lot of conclusions from that ... Additionally, they may discover that I am paying for the water, electricity, garbage collecting, ... all the standard expenses that everyone has - they are automatically drawn from my bank account. You are right that all my money has passed through digital channels at least once. Yet, the threat to my privacy is quite restricted.
trønderen wrote:
I do too!
Just a coincidence, I bet :laugh:
trønderen wrote:
So those who want to monitor my spending habits may be able to discover (authorization is required
I was a temporary worker for a pharmacist once, and got full access to all records.
trønderen wrote:
Additionally, they may discover that I am paying for the water, electricity, garbage collecting, ... all the standard expenses that everyone has - they are automatically drawn from my bank account.
Your average boring person. Ehr, I'm posting under my real name.. But there's some transactions that are private; so those are made with silver bars to avoid tracking. I'm not gonna use any crypto for that :D
Bastard Programmer from Hell :suss: "If you just follow the bacon Eddy, wherever it leads you, then you won't have to think about politics." -- Some Bell.
