The ultimate unbanking tool. Say something naughty on the internet? Attend the wrong protest? Bye bye money.

Do we really need to put on tin hats to come to this conclusion? Do people really value convenience that much? As a privacy advocate it just seems like such foreign thinking to me.

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rsynnott a day ago | parent | prev | next [-]

That's... not what this is. Think wallet as in where you put your ID, not where you put your money. This is an ID tool (with ZKP age verification thrown in).

	▲	TheBlight a day ago \| parent [-]
		It will be used to initiate and authenticate payments. It's explicitly tied to the KYC/AML infrastructure.

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danelski a day ago | parent | prev [-]

Oh, I forgot that most people still store their wealth in the form of paper currency and gold bars in their cellars.

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a day ago | parent | next [-]

[deleted]

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TheBlight a day ago | parent | prev [-]

What do you imagine the goal is here? Efficiency?

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danelski a day ago | parent [-]

My opinion doesn't matter here. I imagine most people wouldn't be able to survive a regular month if they were left to whatever money is stored at their house. Maybe more if they sell memorabilia and go into some survival mode. What's the practical loss of freedom with the digital wallets for people who already pay with card for sub-5 EUR purchases?

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TheBlight a day ago | parent [-]

Using a card for low cost purchases is a reversible convenience whereas this system turns financial participation into a revocable privilege strongly tied to your ID that can be controlled at a single point.

	▲	danelski a day ago \| parent [-]
		Which of the points: tied to an ID, reversible isn't met by a typical card?