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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (170478)

4/14/2021 8:29:50 AM

From: TobagoJack

Respond to of 217620

If below article is a factual report, and i have no reason to doubt, that EU folks value privacy of finance, then bitgold important to EU electorates, and if so, bitgold has political cover, at least from rich cats and politicians, and the criminals, mathematically the same lot

bloomberg.com

ECB Says Public Values Privacy Above All in Digital Euro Project

Carolynn Look
April 14, 2021, 5:52 PM GMT+8
The European Central Bank’s public consultations on a digital euro have revealed that privacy is valued above all other features for any new form of the currency.

The top priority for 43% of citizens and professionals who responded was for their payments to remain private, according to a report published by the institution on Wednesday. Other features that were considered important included security, usability across the euro area, the absence of additional costs, and offline use.

While the ECB hasn’t yet decided whether it will launch a digital euro, the consultation is a first step in determining what kind of design would make it acceptable and usable for consumers and businesses.

Central banks around the world are toying with the idea of issuing a digital version of their currencies to keep up with technological advances that have spurred the rise of cryptocurrencies like Bitcoin.

Digital Ambitions Central banks are at varying stages of developing digital currencies

Source: Bloomberg

Bitcoin rose to a record high on Wednesday, and traders are closely watching the public debut of Coinbase Global Inc. The cryptocurrency exchange may be valued at $100 billion, making it worth more than the New York Stock Exchange and Nasdaq Stock Market combined.

“We will do our best to ensure that a digital euro meets the expectations of citizens,” ECB Executive Board member Fabio Panetta said in statement alongside the report.

When choosing specifically between an offline digital euro focused on privacy, an online one with innovative features and additional services, or a combination of the two, “citizens generally opted for an offline solution focused on privacy, ” the ECB said in its report.

A minority actively opposed the issuance of a digital euro, mainly because they didn’t believe that the ECB would maintain the availability of cash and would use the new tool to pass on deeply negative interest rates to consumers, it said.

Other key takeaways from the report include:

Around a quarter of respondents took the view that a digital euro should make cross-border payments faster and cheaper. They want the digital euro to be usable outside the euro area, though with limitsDespite prioritizing privacy, both citizen and professional respondents supported requirements to avoid illicit activities, and less than one in ten were in favor of anonymityA quarter of the respondents favored end-user solutions comprising smart cards or a secure element in smartphones to facilitate cash-like featuresThe consultation was launched on Oct. 12 and concluded on Jan. 12, receiving over 8,200 responses, 94% of which were from private citizens.The ECB’s Governing Council will decide in mid-2021 “whether to launch a formal investigation phase in view of a possible launch of a digital euro,” the report said.

Read more:

Bitcoin Touches $64,000 High as Traders Eye Coinbase Listing Lagarde Says ECB Could Have Digital Currency Within Four Years Why Central Bankers Got Serious About Digital Cash: QuickTake

— With assistance by Zoe Schneeweiss

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To: bull_dozer who wrote (170478)	4/14/2021 2:54:57 PM
From: TobagoJack	Respond to of 217620

Re <<IPO - It's Probably Overpriced>> Had to so did, bought COIN, just in case crypto is real, and everything else shall be digitized. Now let’s see if shares of everything within USA undergo a pixelation process then trade 24/7. Am not certain whose permission COIN needs to trade pixelated-gold and other metal things. Who knows, maybe COIN gets to list a pixelated version of its own share which in turn is listed on Nasdaq. Will COIN pixelated national currencies? Perhaps COIN will weaponise bitgold like MSTR does, and eat Nasdaq for lunch, NYSE for dinner, and all other exchanges for snack. Am looking to trade COIN options once available. It would be like trading options on the alt-reality, and COIN would be making bitgold from bitgold traders. Sure, COIN is and shall continue to mix it up with competition, but now can mobilize public money, weaponise bitgold as well as MSTR and such same, and all it can pixelate. The universe as we know it might change as we run into the metaverse, and all we know pixelate. The black hole that be bitcoin should enable accelerated gold.