Privacy

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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.

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[QUESTION] Privacy and the digital euro (lemmy.world)

submitted 4 months ago* (last edited 4 months ago) by [email protected] to c/[email protected]

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Some talk about the privacy of the digital euro has been made. Some people said that your transactions are going to be tracked. Should an european worry about it? Would GNU Taler be a possible solution?

And it's not like the digital euro is some dream, it will become reality soon.

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[–] [email protected] 3 points 4 months ago* (last edited 4 months ago)

It still seems to be under heavy discussion. see this recent article: https://netzpolitik.org/2024/eu-council-discusses-digital-euro-and-how-much-privacy-should-it-be/

I assume the end result will be more privacy preserving than current commercial offers like Visa or Mastercard, but it will be a trade-off between what commercial data-brokers will be able to see and what the central bank will be able to see. Pick your poison I guess 😒

Realistically it might also become so bureaucratic that it will see limited uptake, but specifically for GNU Taler it might make it possible for a Taler intermediatory to exchange digital Euros for tokens in your Taler wallet without having a banking license, which could help Taler adoption a lot. But I guess the latter would depend on how usable the former is. Like if it is too bureocratic, then a separate payment system based on it could thrive, but if it is easy to use, then too few people would probably see the benefit of GNU Taler as an extra step.