Re:Bank of England to explore a potential Central Bank Digit...
by pessimizer on Monday April 19, 2021 @02:14PM
(#26866164)
There's no difference between this and the transfers I can do on my bank's website. If anything, having a government crypto account would mean that the government would know who was on both ends of every transaction made through it, and could trivially reverse payments.
Re:Bank of England to explore a potential Central Bank Digit...
by kolinko on Monday April 19, 2021 @12:17PM
(#26864454)
> But until we have a better system of plainly showing access levels to one's account its a scammer paradise to allow access via said API.
Nobody says such API would be connected to a person's life holdings. It could be low amounts that are safe to lose in case of a hack.
Of course, you need to educate people to not put all their life savings into those accounts. But the same applies to multiple other services.
Agreed.
But until we have a better system of plainly showing access levels to one's account its a scammer paradise to allow access via said API.
You and I are educated in the world of API access, so will think twice before clicking "agree" to allowing emoji corp access to my bank account to "verify your identity", but a significant number of people would blindly click allow. Until we have either educated the public, or made an access GUI that stops 99.9% of that kind of use case, its just not worth the hassle.