One comment on “Thoughts on the “digi-yuan”

  1. When I was a grad student, we did a vulnerability assessment on a Chinese phone for our cyber security lab. People were mortified and entertained by, what appeared to be, a complete lack of security foresight. Giant holes open that pose major security threats to the data on that device, stuff that could be closed or fixed with a single line of code…

    I pointed out that maybe, because of China’s culture and government, that these weren’t “Holes” left by accident. They were built in intentionally because China wants to see what people do anytime they feel like it. Their digital currency won’t be different, it will just give them another avenue of control in making sure their communism isn’t challenged. Combine it with what is already in place, like reputation score, and you have a truly 1984 level of insight and control.

    Creepy.

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