Privacy

48750 readers

616 users here now

A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

In this community everyone is welcome to post links and discuss topics related to privacy.

Some Rules

Posting a link to a website containing tracking isn't great, if contents of the website are behind a paywall maybe copy them into the post
Don't promote proprietary software
Try to keep things on topic
If you have a question, please try searching for previous discussions, maybe it has already been answered
Reposts are fine, but should have at least a couple of weeks in between so that the post can reach a new audience
Be nice :)

Related communities

much thanks to @gary_host_laptop for the logo design :)

founded 6 years ago

MODERATORS

264

Should cash stay alive to enable "private" transactions? (lemmy.ml)

submitted 1 month ago* (last edited 1 month ago) by War5oldier@lemmy.world to c/privacy@lemmy.ml

159 comments fedilink hide all child comments

For example: in Canada, the bank accounts of those who protested were literally frozen (for simply speaking out or being critical) and talks of potential CBDCs (aka. used to deduct funds from one's account as a fine) whilst considering on abolishing cash altogether.

The alternative (for now at least) may be Crypto (online) until they consider that "illegal" in the future penalizing those who are using it, framing that as money laundering or tax evasion, whilst pushing their propaganda of "tap & go is safe & convenient".

The answers are divided between:

"Cash is King" (it allows anonymous or "private" transactions between you and the merchant)
"Contactless" (convenient, but your purchases & transactions are monitored by the state)

Cash is apparently the last bastion of "anonymous" transactions where it doesn't appear on one's statement and one gets to keep their money without the state deducting it from their account since a nation's central bank has monopoly over CBDCs and one's funds.

That's not even the end of it: them trying to make BTC or equivalent illegal by making CBDCs the default replacing gold overnight, it would mean all those bills you have are worthless. At this point, the only payment method is CBDCs that are linked to one's digital ID.

you are viewing a single comment's thread
view the rest of the comments

[–] chicken@lemmy.dbzer0.com 1 points 1 month ago

I am also worried about that.

There’s a limit to what you can do when the house and senate refuse to impeach a president who is obviously breaking the law constantly, and when the justice department sees itself as the president’s lawyer.

We can acknowledge that additional power granted to the executive branch of the US government cannot be said to be safe, and that limitations on its power must be more blunt in order to be reliable. Use of money that lacks buttons for them to cut people off is potentially one such blunt limitation. I also find the way people have been protesting pretty inspiring, I think it helps.