Piotr Saczuk
@saczi
THREAD: CBDCs (could be) good The term 'CBDC' often triggers certain types of reactions. For everybody who prefers to make uneducated guesses on how we are supporting bringing surveillance tools into existence, I have come up with a fresh perspective!
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Piotr Saczuk
@saczi
The discussion in Germany's Bundestag, highlighted by a recent DEA article (linked at the end), sheds light on a balanced debate around digital currencies. Our partnership granted us a unique opportunity to contribute to this dialogue
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Piotr Saczuk
@saczi
Key takeaways: 1. The importance of cash should remain undisputed, most parties come with the same message. The Federal Government should "resolutely oppose any initiatives at the EU level and in particular ensure that the status of cash as legal tender remains untouched".
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Piotr Saczuk
@saczi
2. Concerns over privacy and the potential for surveillance echo loudly, underscoring the need for safeguards in digital currency adoption on the national level. 3. The Bundesbank's upcoming cash strategy for Germany signals a thoughtful approach to integrating digital with traditional.
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Piotr Saczuk
@saczi
Most notably, the DEA's emphasis on privacy through technology—not just assurances—speaks volumes. Dr. Jonas Gross advocates: "Privacy is a major challenge. From our perspective, privacy must be technically guaranteed, not just promised. The great thing is that there are some technologies that make this possible"
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