[Cryptography] Am I missing something about CBDC ?
Christian Huitema
huitema at huitema.net
Mon Dec 28 20:07:25 EST 2020
On 12/28/2020 1:08 PM, Ray Dillinger wrote:
> The other drawback of credit card payments for anything is that you
> then get junk mail from every purveyor of any related or comparable
> thing in the world, forever. It's not clear yet whether the same
> problem applies to these new digital tokens.
Isn't that a "misfeature" of any form of payment that is not anonymous?
The logic of surveillance capitalism is that if some data is available
and has value, it will be collected and resold. Does not matter much
whether the identifier in the data is a customer ID, a credit card
number, or some kind of cryptographic identifier. Today, the only way
out of that are is to convince politicians to make such data collection
illegal, or at a minimum to put limits on data reuse and resale. We may
hope that some iteration of something like GDPR will work, but given the
potential flow of money from surveillance capitalists to politicians I
am not holding my breath.
-- Christian Huitema
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