Privacy

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A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

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EU moving towards total monetary surveillance and banning all anonymous payments (lemmy.ml)

submitted 8 months ago* (last edited 8 months ago) by makeasnek@lemmy.ml to c/privacy@lemmy.ml

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How to contact your MEP: https://www.europarl.europa.eu/portal/en/contact

Source: https://snort.social/nevent1qqsvcedd6dg39eh6633uqqff0p9h2zqyhu3zd6kwyyhzqj7da02x4pszyqe2wpknmwkyd0t295d5ezvtaxr00ngxjtcfuct8pfvyec3snckpwqcyqqqqqqgz2f7lp

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[–] tooLikeTheNope@lemmy.ml 20 points 8 months ago* (last edited 8 months ago)

Consumers payments deserves their privacy, but business ones needs absolutely to be fully traceable.

Could it be possible to use two different yet identical interchangeable currencies, one traceable for making business only, and one untraceable for consumers retail transactions?

loosely i.e.

wages are Business currency converted and paid in Consumer currency, accounted for the amount paid to the consumer in his name
end-users/home/consumer purchases are made from consumers anonymously in Consumer currency, and this is converted converted into Business currency upon transaction, keeping only the consumer name anonymous but tracing everything else
B2B transactions are made in Business currency, fully traceable

... I don't know there is probably still a loophole