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News Link • Currencies

The Authentication Layer

• Activist Post

And yet he dismisses Digital ID as a distraction. When I try to make the case that digital ID is the gateway to the gulag in the metaverse, he demands I name ONE thing Digital ID gives the government that they can't already do.

My answer: it enables CBDC.

Of course, governments have already encroached on our privacy and freedoms in ways our forefathers couldn't have imagined. But even with the creeping surveillance state, the government can't fully implement programmable currency without authenticated identity on every transaction. They're components of the same beast. Digital ID is the authentication layer, while CBDC is the currency that runs on top of it.

Stop Digital ID and you prevent CBDC from being built at any scale that matters.


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