The freeze-resistance debate conflates two issues: technical immutability vs. governance optionality. A protocol can be technically freezeless while maintaining regulatory redress through governance. Russia's approach was rejected for opacity, not architecture. Design transparency matters more than feature removal.
No Fed CBDC through 2030 — but Congress explicitly protected any dollar stablecoin that fully preserves the privacy protections of US coins and physical currency - open, permissionless and private.
We're building it. Stay tuned!
@gladstein@balajis@saifedean
@laurashin Freezes are like breaking into hundreds of houses trying to catch someone that has already moved to another neighborhood. Even worse, the bounty hunters, get to keep part of what they get from broken houses.
The Manifesto is published.
Working papers: https://t.co/LwO1B1Dso2
OCC comment: https://t.co/5ZBogHzj2B
OCC supplementary: https://t.co/LB76hq6ziN
@coincenter@jerrybrito@rajgokal@NickSzabo4
Digitization of money created a surveillance and seizure capability that has no equivalent in the physical world. Confiscating physical money required a court order, physical presence and a human witness.
Digital and centralized money requires none of those. This is why we are building DDCP. 🧵
Your keys, YOUR money –
The history of monetary systems is a history of sound rules bent under sufficient pressure.
DDCP's goal: no single actor — governmental, commercial, or private — can unilaterally override the unconditional properties above.
No single crisis. No single government should be sufficient.