Listened to this @MoneroTalk episode about the dangers of central bank digital currencies (CBDCs) and what to do about that: https://www.monerotalk.live/the-imminent-threat-of-cbdcs-aaron-day-309
What do you think, do we need privacy of digital payments, as we have been used to with cash, where person A can give money to person B peer-to-peer without anyone else knowing it? (If you go for the "in between" option, please comment to explain what you mean and how that's possible.)
#privacy #money #cryptocurrency #cbdc #monero #MoneroTalk
@Trustnowan thanks for commenting, but I don't understand your position. If you really see preventing money laundering as your goal overshadowing all else, then it does not make sense to say you are all about cash. Cash can be used for money laundering.
> Digital transactions will never be anonymous
There I think you are wrong. It can be done, #monero is one example of how and that is already working fairly well. Given that it can be done, do you think it should be made illegal?
@eliasr @MoneroTalk You asked for opinions. How I feel cannot be wrong.
Money laundering was an example. It wasn't the core of my opinion.
And to your last point, every time we think something is anonymous, we find out that the feds or Israel or Facebook or someone has had the ability to decrypt it for years and kept it a secret.
As a rule, if I don't want it seen or found, I don't do it online or on an electronic device.
@eliasr @MoneroTalk I think it's a fools errand to expect that because something works today, it will never be broken and will be anonymous forever.
How many times have we been burned on that one?
@eliasr @MoneroTalk But if I were to trust a crypto as actually anonymous, Z-Cash seems to be the real deal..so far.
@eliasr @MoneroTalk
I've listened to that argument for years. I get it. I understand the point.
But no regulation at all isn't the answer either. If digital currency is ever going to be a thing, the people using it need to be somewhat protected. It can't continue to be the wild west free for all it is now or it will never reach mass adoption.
I understand the issue. Just pointing out the roadblocks to getting what you want. It can't be both untraceable, and anonymous, and also safe.
@eliasr @MoneroTalk
In between-
Money laundering is a huge problem. I hate that someone can steal from me, wash the money, and get away leaving no trace of the financial transactions. Or worse finance further crimes in the dark.
Digital transactions will never be anonymous. Governments work together and have unlimited resources. We don't.
No one should have false hope that anything digital will be hidden forever.
I'm all about cash.