L’UE finalizza la tabella di marcia per l’euro digitale per sfidare il dominio dei pagamenti degli Stati Uniti
https://news.bitcoin.com/eu-finalizes-roadmap-for-digital-euro-to-challenge-us-payment-dominance/
di UpgradedSiera6666
L’UE finalizza la tabella di marcia per l’euro digitale per sfidare il dominio dei pagamenti degli Stati Uniti
https://news.bitcoin.com/eu-finalizes-roadmap-for-digital-euro-to-challenge-us-payment-dominance/
di UpgradedSiera6666
10 commenti
EU ministers have agreed on the digital euro as an alternative to American Visa and Mastercard.
Could be introduced as early as next year.
Also The completion of the Capital Market Union is going ahead within the ECB and EU Commission successive bilateral meetings, that would pave the way for the Fiscal Union. Further integration would add €3,5 trillion in value every year.
Tbh, ‘bout time Europe stepped up to bat. Crypto’s the future, no doubts there. US been hoggin’ the spotlight too long IMO. My hot take: Let’s brace ourselves for some real digital currency competition, folks! Oh, and btw, if u miss this train, ur on ur own.
How about you just build a normal payment network.
Thank yuou.
Is Roadmap working fine? Feels like a Roadmap will challenge them.
There’s a lot of talk about it but I have never seen any technical specifications for it. Does someone have more insight?
How is it *actually* going to work, to pass money to someone without being able to duplicate it in the process. If I’m not mistaken one requirement for the digital euro is also that it works offline and anonymously, just like the physical euro.
Not trusting after seeing many of the issues, especially privacy, and considering their current bs with chat control I wouldn’t be surprised if they want digital euro for better control of the population, some of the issues that are listed on wikipedia
* Increased centralisation and [central planning](https://en.wikipedia.org/wiki/Central_planning) of [monetary policy](https://en.wikipedia.org/wiki/Macroeconomics#Monetary_policy)
* Loss of [privacy](https://en.wikipedia.org/wiki/Privacy)
* Risk of [financial censorship](https://en.wikipedia.org/wiki/Financial_censorship) and loss of human rights
* Hacking and information security issues
* Higher risks of loss of central bank independence and political influence on [monetary policy](https://en.wikipedia.org/wiki/Macroeconomics#Monetary_policy)
* Potential for much faster transmission of bad [monetary policy](https://en.wikipedia.org/wiki/Macroeconomics#Monetary_policy)
* Risks to banking system of bank runs towards CBDC
* Distribution fairness issues ([Cantillon effect](https://en.wikipedia.org/wiki/Cantillon_Effect))
* Higher political control of individual spending and saving
* Weakened [Property Rights](https://en.wikipedia.org/wiki/Property_rights)
I was pretty fine with it, till I remembered chat control and realized that this is EU we are talking about.. There’s no way they are doing this with no hidden motives..
I can somewhat understand the desperate push from Visa & Mastercard against this, this must mean a massive loss of revenue for them – basically milking an economic rent for decades.
But the risks to outsource parts of our monetary sovereignty to the US – be it through simple bank transactions or the insidious logic of US treseaury backed stablecoins are getting just too serious.
El oh el
Imagine giving somebody like Orban full access to the ledger of all transactions a Hungarian makes.
After giving him access to all messages exchanged.
The EU is truly a totalitarian corrupt shitshow.
The UK was so lucky to get the out of that geriatric club of bureaucrats.
A roadmap doesn’t mean anything.
Bonus point is Visa and Mastercard won’t be able to dictate what you use your money for nor ban games and stuff they don’t like.
Hope the dildo of consequences arrives soon unlubed.