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SatsAndSports 3 months ago
If it used Chaumian e-cash, a CBDC could be a good thing as it would have great privacy guarantees I know the government isn't likely to want privacy, but we should remember this option and promote it If the eurozone want their currency to retain any utility, I think they should very quickly go in the direction. They need a unique selling point to remain relevant in a world of bitcoin and USD-stablecoins. Privacy could give the euro an edge

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I talk about this at length in my book (happy to send a copy). The short version is in what you said “the government isn’t likely to want privacy.” So by promoting a privacy minded CBDC, people end up inadvertently promoting a CBDC.