Yes, the American retail giant (as well as server rentals) will be one of the five groups that will offer part of the digital euro system, CBDC, which, unfortunately, is very little discussed at the local and national political level. And this could be the biggest blow to the financial freedoms of European citizens in at least the last 50 years.
So the company founded by Jeff Bezos will also be accompanied by CaixaBank and EPI. There are not enough banks that, at least at the European level (unlike the American ones), do not seem to show much interest in the development of this kind of technical and software reality. If banks don’t need it, then who does? Let’s see together what we know at the moment about this curious choice of the European Central Bank.
After the stage of collecting proposals and expressions of interest, finally, at least in a broad sense, the first steps are being taken to create a digital euro, a kind of mythological monster that combines a bit of fiat currency, a bit of blockchain (perhaps), not a gram of decentralization from cryptocurrencies, and in a nutshell, creates a new way how under the control of the ECB, Europeans spend their money.
In a way, one of the consequences may be the restriction of user`s freedom to use their income. Something that we didn’t invent in some dark and dusty basement, but that was written in black and white by none other than the International Monetary Fund.
Well: there is plenty of material when the European Central Bank published a list of partner companies for the first pilot projects, among which Amazon will be among them. A choice that will cause many to cry out about unjustified corporate interference, but corresponding to other selected companies, each of which will offer a specific solution to the problem. What sort of problem? The problem that has only been noticed by Frankfurt regulators.
It’s time to start talking about it
Bitcoin lovers like to repeat Fix the Money – Fix the World (Fix the money — fix the world). For some, this may be an exaggerated position, but it is also true that one of the epochal battles for individual rights in the next 100 years will be played out on this basis.
The plan is not to replace Bitcoin, as such an idea would have no power other than the indirect power of batons, but to make it useless and possibly impossible to use.
Well, even on this score, the crypto industry has an answer that it can send to Frankfurt: Bitcoin was born anticipating exactly such circumstances and a fiat currency that will become smaller and smaller than ours and more and more those who want to make it an instrument of potential social control.
There is no doubt that if we do not start talking about this with those who are traditionally far from these issues, the world will lose. Amazon or not, the crux of the question is not this, but why should we provide all citizens with a kind of public purse, or, if you like, Union, with a currency that can be programmed by governments and politicians?
The 51% attack is not only a danger to the cryptocurrency and Bitcoin PoW networks, but also a danger coming from a policy that does not want to recognize everyone’s right to self-determination, even financially. This is a threat to freedoms.
And it is for this reason that true Bitcoin enthusiasts, not limited to its function as a financial instrument, will try to unite in opposition to this.