According to Morten Bech, Head of the BIS Innovation Hub Swiss Centre, the project allows to avoid trade-offs between cyber resilience, scalability and user privacy. “Project Tourbillon will build and test a prototype that reconciles these trade-offs and pushes central banks' technological frontier," Bech said in the BIS announcement.
Chaum says the technology he created and described in the paper with SNB’s Moser, named eCash 2.0, is a “superior payment system” with both privacy and anti-counterfeiting protection built into it. Chaum believes that the technology he invented can prevent both scenarios, preventing anyone from tracing how people use their money and, at the same time, allowing the law enforcement to track criminal funds.The eCash 2.0 model has two tiers when it comes to issuing central bank digital money: a central bank does it via commercial banks, which onboard users. To get some CBDC on their digital wallets, users need to request it from banks they already have accounts with.
SNB_BNS chaumdotcom BIS_org baidakova Gtfo. We do not need a CBDC for ANY reason. Dollars are already digital and perfectly transferable enough.
SNB_BNS chaumdotcom BIS_org baidakova Who is going to spill the beans to governments that essentially smart contracts and decentralized ledger technology with zero-knowledge / trustless / platformless technology exist and they don't have to 'invent' shit.
SNB_BNS chaumdotcom BIS_org baidakova Inventor of the blind signature? Can only be shit. If this 'invention' is the blind signature on smart Contract, then it's the biggest bs ever. Open doors for smart Contract attacks, the real invention would be to tell you roughly what the smart Contract is doing and if it's safe
SNB_BNS chaumdotcom BIS_org baidakova CryptoGrid2
SNB_BNS chaumdotcom BIS_org baidakova cbdc slavery system