The US is one of many countries considering a Digital Currency, digital cash issued by the government rather than a commercial bank. Our existing digital payment system is filled with transaction fees, harmful surveillance, and exclusionary practices. Some argue a digital currency could make that better—but one thing’s for sure: a bad digital currency would make it much, much worse.
Sign on now to demand that any digital currency the US government might pursue be surveillance free, censorship free, and accessible. Digital cash must function just like paper cash—or be more rights-preserving.
“A government digital currency shouldn’t allow tax-avoiding billionaires to hide transactions – but it must protect the privacy of ordinary people and ordinary transactions. We shouldn’t expect digital cash to be more crime-proof than regular cash — and it’s not worth giving up all our financial privacy for that goal.”
“The idea that we’re standing on the doorstep of a totalitarian surveillance dystopia with our digital money gives us a bit of space to imagine just what we really need and what’s really important for a future monetary system…And I’m not happy that we seem to be on the precipice of building a surveillance panopticon that’s going to be the future of everything.”