Europe Central Bank Issuing its own crypto

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Avatar for elrikpiro
4 years ago

"FUCKING NORMIES GET OUT OF MY CHAIN, REEEEEEEEEEEEEEEEEEEE"
Bitcoin Messiah Formerly known as Satoshi Nakamoto (Circa 2017)

As @jpthor_ explains on his Twitter thread the ECB will Issue its own version of the groundbreaking blockchain technology.

Stop shaking and listen to the newest TOTALLY NOT ORWELLIAN idea from the Wannabe a Continental State bank NOT INTENDED AT ALL to subvert all its citizens to democratic-disguised fascist surveillance:

  • The same UTXO model as Bitcoin

  • Wallets cannot be generated without the intervention of the centralized party

  • Ability to control wallet access from a centralized party

  • The intermediary needs to be online if you want to spend

  • Transactions must be approved by a central party

My questions are...

  • What is the added value for citizens with those conditions?

  • Why would I choose to use CBDC instead of BCH or BTC?

  • Will the ECB issue an ICO o will impose us to give up our fiat euro and use their CBDC?

  • How much time until they forbid crypto exchanges and start closing web sites related to crypto?

Guess the added value it's not privacy as they claim it to be.

Regards,

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Comments

Will bitcoin of Europe Central Bank be more profitable?

$ 0.00
4 years ago

Indeed.

Privacy vouchers handed out by the authorities. That sounds like a novel privacy idea /s

There is plenty here for dystopian sci-fi writers to pen.

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4 years ago

Edited with a few more questions, this is pretty much statists trying to look cutting-edge

$ 0.10
4 years ago

Excellent questions!

$ 0.00
4 years ago

hahaha, nah, I think this is what everybody will think first on reading the whitepaper from ECB, personally I'm pretty scared about it.

$ 0.00
4 years ago