Both Govt and Corp coins just like legacy Fiat and Banking, will Spy, Control, Sell, Share, Censor, Jail, Steal from, and Shut You and Freedom Down, obviously... so they outright lie to you about it, and attempt to pretext your brains into submission with some FUD and happy bullshit. If GovCorp is fighting distributed permissionless uncensorable unconfiscatable p2p cash defi, human rights, freespeech, monetary competition and choice, cryptography, open free markets, etc as hard as they are, and even harder yet to come... then the obvious answer and truth is that crypto must be incredibly good for you to have and use. So go do exactly that. https://www.coindesk.com/euro-central-bank-digital-currency-privacy-panetta The European Central Bank (ECB) is better suited than private companies to protect user privacy for the eventual adoption of a digital euro, according to an executive board member. From a report: In an interview with the Financial Times on June 14 and published Sunday, Fabio Panetta said his institution had no commercial interest in storing, managing or monetizing user data. The issue over privacy in the digital euro is a focal point for Europeans as are concerns of security, according to a recent survey by the ECB. "If the central bank gets involved in digital payments, privacy is going to be better protected," said Panetta. "We're not like private companies." The banker also said people felt safer when their information was handled by a public institution, adding the bank would do a better job. "There are many ways in which we can protect confidential data while allowing the checks foreseen by law to avoid illicit transactions, such as those linked to money laundering, the financing of terrorism or tax evasion," said Panetta. Central Bank Problems... https://www.bbc.com/news/stories-57520169 https://www.bbc.co.uk/programmes/w13xtvg9/episodes/downloads Electricity usage is ABSOLUTELY NOT the reason GovCorp is shutting down cryptocurrency miners (ie: China), otherwise GovCorp would shutdown the BIGGEST user and inefficient waste of electricity on the planet... itself. What GovCorp is really doing is entering into abject fear survival fight phase, thus trying to shutdown the highly efficient competition of cryptocurrencies. Cryptos will win. https://www.msn.com/en-us/money/other/a-real-estate-mogul-has-a-dollar100-mi... "Frank McCourt, the billionaire real estate mogul and former owner of the Los Angeles Dodgers, is pouring $100 million into an attempt to rebuild the foundations of social media," reports Bloomberg: The effort, which he has loftily named Project Liberty, centers on the construction of a publicly accessible database of people's social connections, allowing users to move records of their relationships between social media services instead of being locked into a few dominant apps. The undercurrent to Project Liberty is a fear of the power that a few huge companies — and specifically Facebook Inc. — have amassed over the last decade... Project Liberty would use blockchain to construct a new internet infrastructure called the Decentralized Social Networking Protocol. With cryptocurrencies, blockchain stores information about the tokens in everyone's digital wallets; the DSNP would do the same for social connections. Facebook owns the data about the social connections between its users, giving it an enormous advantage over competitors. If all social media companies drew from a common social graph, the theory goes, they'd have to compete by offering better services, and the chance of any single company becoming so dominant would plummet. Building DSNP falls to Braxton Woodham, the co-founder of the meal delivery service Sun Basket and former chief technology officer of Fandango, the movie ticket website... McCourt hired Woodham to build the protocol, and pledged to put $75 million into an institute at Georgetown University in Washington, D.C., and Sciences Po in Paris to research technology that serves the common good. The rest of his $100 million will go toward pushing entrepreneurs to build services that utilize the DSNP... A decentralized approach to social media could actually undermine the power of content moderation, by making it easier for users who are kicked off one platform to simply migrate their audiences to more permissive ones. McCourt and Woodham say blockchain could discourage bad behavior because people would be tied to their posts forever... Eventually, the group plans to create its own consumer product on top of the DSNP infrastructure, and wrote in a press release that the eventual result will be an "open, inclusive data economy where individuals own, control and derive greater social and economic value from their personal information."