commit 6db8fb1fa0821adb3a9cb57d14f90b34afd6fdb9
parent 19e87b9a285c928240d455fc67b861108f5c3676
Author: Christian Grothoff <grothoff@gnunet.org>
Date: Wed, 26 Jan 2022 21:14:39 +0100
improve conclusion
Diffstat:
1 file changed, 18 insertions(+), 12 deletions(-)
diff --git a/2022-privacy/privacy.tex b/2022-privacy/privacy.tex
@@ -659,21 +659,27 @@ control.
\section{Conclusion}
+There are no trusted third parties. That does not prevent people from
+designing and deploying systems that rely on the assumption that a trusted
+third party exists. Central banks must not follow Michael Hayden's hybris
+and assert that they are an eternally trusted third party.
+
The dominance of accounts on the Internet and the resulting delegation of
economic and political power to big Internet service providers sets a
dangerous precedent for the design of CBDCs. It is time for central banks
-to abandon this mindset.
-
-Specifically, the ECB needs to review its design approach for the Digital Euro
-and commit to granting financial soverenity to its constituents. Instead of
-controlling the citizen's privacy and forcing a particular ECB App onto CBDC
-user's phones, the ECB needs to design a Digital Euro based on respect for the
-citizen's sovereignity and self-responsibility. A digital cash system can be
-build using privacy-preserving open protocols with Free Software reference
-implementations. The resulting self-responsibility of citizens will address
-various key design challenges inherent to account-based designs, including the
-biggest challenge of all: creating a product citizens would actually like to
-use.
+to abandon this account-centric mindset, which will help them address
+privacy issues and help the Internet transcend surveillance capitalism.
+
+More specifically, the ECB needs to review its design approach for the Digital
+Euro and commit to granting financial soverenity to its constituents. Instead
+of controlling the citizen's privacy and forcing a particular ECB App onto
+CBDC user's phones, the ECB needs to design a Digital Euro based on respect
+for the citizen's sovereignity and self-responsibility. A digital cash system
+can be build using privacy-preserving open protocols with Free Software
+reference implementations. The resulting self-responsibility of citizens will
+address various key design challenges inherent to account-based designs,
+including the biggest challenge of all: creating a product citizens would
+actually like to use.
%[oec] Highlight again that alternatives _are_ on the table
