CBDC – a subscription model for money
Fiat currency is mostly computerized records and can be created from thin air with cash ratio, loans etc. (once dollar was tied to the gold reserves until 50 years ago). Why implement CBDC at all?
In the recent development Google and Apple are going to release decentralized contact tracing framework. Using Bluetooth and cryptography for anonymised identifiers, it would be possible to trace contact with people who tested positive and upload the list without compromising privacy. It’s close in design to open-sourced DP-3T model. Other project with pan-European aspirations is called PEPP-PT, which has centralized...
With the pandemic upon us, there is excellent opportunity for state surveillance expansion. Governments have tendency to keep the tools and data, after the emergency. Legality, necessity, and proportionality principles should be always in place, especially in these trying times.While I’m not denying technology as a way to analyse the spread of Covid-19, there are few things to consider.