The launch of the digital euro could give every European a free, universal payment account. But this grand vision is at risk of being curtailed by a well-coordinated lobbying campaign of the banking industry. Banks want to make sure you will keep needing them – and they have EU officials’ ears.
Not based on,
we should stand up for just using Monero itself as our currency.
Based on could mean a centralized wallet and/or surveillance implemented on top of it.
I don’t want a volatile currency as my main currency. Also, I think PoW isn’t the way to go anymore. A digital PoS “Monero” (Cryptonote, etc.) stablecoin is what I was thinking about.
FIAT is also volatile,
you can look up the EUM3, GBM3 or USM2 (= money supply) charts for proof.
They continuously increase in amount due to fractional banking and deficit spending,
meaning more circulating supply, which makes each unit of them worth less.
Which is the main reason for inflation.
Proof of Stake is much less secure then Proof of Work.
PoS decreases the amount of devices you need to attack a chain by a heap.
Instead of needing a massive fire-wall (to block access to 33% of the miners) +
34% malicious actors in a network (to gain majority over the remaining 67%)
of hundreds of thousands of miners to attack a PoW chain.
You only need to target a few hundred validators in a PoS chain.
“Stable-coins” are still tethered to FIAT currencies, so they’re not a valid replacement.