A state-issued digital currency is incompatible with financial privacy as a civil liberty.
“Central bank publishes tiered-anonymity design for retail digital currency” — Reuters, 2026-09-04
Privacy by cryptographic design versus privacy by institutional restraint — the first is auditable, the second is revocable.
- Is a capability that is never exercised still a harm to liberty?
- What would a digital currency have to make technically impossible before you would accept it?