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Joined 1 year ago
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Cake day: June 25th, 2023

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  • They explicitly state that the digital euro is not here to replace cash:

    Q3. Would a digital euro replace cash?

    No. A digital euro would complement cash, not replace it. A digital euro would exist alongside cash in response to people’s growing preference to pay digitally, in a fast and secure way. Cash would continue to be available in the euro area, as would the other private electronic means of payment currently being used.












  • While I do think it would strengthen the security, anyone that can trick someone into giving them their SSN can also trick that someone into giving them their private key.

    This would be advantegous for everyone, but private keys would still be stolen.

    I’m all for a cryptography embracing government though. A GPG key is far superior to a short number sequence that can be predicted easily.

    Although not great, where I live, at least, we have a way to digitally sign digital documents using public key cryptography.

    One thing is that I believe we will eventually have cryptographic keys assigned to us instead of those insecure SSNs. But who knows when that will become reality.