⚠️ We interupt our regular programming to bring you this important news bulletin ⚠️
THIS IS NOT AI-GENERATED
Just 10 hours ago, the Bank of International Settlements published a video about their CBDC research project called Tourbillon. It talks about it in 3 areas. See my quick summary below. Last point is a bit spicy 🌶️
🔎 Privacy
"Retail CBDC preserves privacy at the same level of cash payments. Central bank, commercial banks do not receive any data when payment is made, but receipt of the payment is auditable, mitigates _illicit_ activites."
🔐 Security
"Their CBDC can be protected against counterfeiting, and such acts can be quickly detected"
🌐 Scalability
David Chaum betrays humanity to bring cypher punk tech to greedy fuckers who steal and erode our livelihoods by bringing them on a plate two cryptographic tools: Blind Signatures and Mixnets
Watch it here: https://www.youtube.com/watch?v=F78XSiUVVsI
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