European Digital Wallet

World Is changing .

https://www.reuters.com/business/finance/eu-set-unveil-plans-bloc-wide-digital-wallet-ft-2021-06-01/
In no more than 10 years we are going to see the new reality of what we where calling DIGITAL ERA.

For me this is a big step towards the plan of digital currency adoption.

Crypto is as good as is bad, is very dangerous if we do not handle the new technology as what it could be, just an enhancement to dissolve power among the big players.

What i mean if crypto brings more disbalance and creates a bigger breach btw poor and rich.... disaster will come faster than expected.

Do not forget money does not grow in trees, new riches due to crypto, to digital farms etc would have a lot of power due to money.

We will forget to run bussines to grow what we rely need ( food ), to clean our wastes and to cure our aches...

Do not forget in this NEW ERA what we are, where we come from and that being human means to share to help each other and grow as comunity , no to hold power and make others miserables.

Happy DIGITAL ERA people.

I am not happy as there are privacy concerns. I think of privacy as a human right.

Definitely not looking forward to a cashless surveillance state to log every login, network access or payment I make.

zer0lis said:

I am not happy as there are privacy concerns. I think of privacy as a human right.

Definitely not looking forward to a cashless surveillance state to log every login, network access or payment I make.

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Have you watched Sci-Fi movies? People who don't want to be tracked, will find ways to circumvent this. No worries.

TomTheCat said:

Have you watched Sci-Fi movies? People who don't want to be tracked, will find ways to circumvent this. No worries.

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I do enjoy SF, and I prefer to not be tracked by default. This is a centralized log of any? login or payment I make, what to like about it? Surely can be mandatory in the future.

Chill out with the sci-fi tracking, that's the EU, not USA or China.

The EU just loves to tax people and this will be the perfect way to tax every cent that needs to be taxed and it will be kind of decentralized, so less corruption.

The next steps are probably going to be:

- Release crypto EUR in 2 years
- Make a law that everyone in the EU should deposit or withdraw crypto to the exchanges only from their government wallet
- Profit from taxing crypto profits
- Profit from transaction fees
- Reduce the use of cash which is mainly used to avoid taxes, because it's way more private than most of the crypto

alus1onZ said:

Chill out with the sci-fi tracking, that's the EU, not USA or China.

The EU just loves to tax people and this will be the perfect way to tax every cent that needs to be taxed and it will be kind of decentralized, so less corruption.

The next steps are probably going to be:

- Release crypto EUR in 2 years
- Make a law that everyone in the EU should deposit or withdraw crypto to the exchanges only from their government wallet
- Profit from taxing crypto profits
- Profit from transaction fees
- Reduce the use of cash which is mainly used to avoid taxes, because it's way more private than most of the crypto

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Again not good. Why should I be taxed for gains? Am I taxed for losses as well? I don't want and don't need taxes. Let crypto be as it is and also I'm using bitcoin atms in order to avoid taxes

Nikolaos said:

Again not good. Why should I be taxed for gains? Am I taxed for losses as well? I don't want and don't need taxes. Let crypto be as it is and also I'm using bitcoin atms in order to avoid taxes

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Actually in the EU you can declare your losses in crypto, not only your profits. As I said, they just love to tax people and will do it in a way people are going to willingly pay it