Digital IDs Just Went Live (Say Goodbye to Privacy)

"In Europe, they passed a law last year that makes it a requirement for all member countries to roll out a national digital ID wallet by 2026."

"This government will make a new free of charge digital ID mandatory for the right to work by the end of this parliament."

"the United Nations has made it one of their goals, quote, legal identity for all by 2030."

"In the UK, for example, their prime minister Kier Dharmmer, he wants to make these digital IDs a mandatory requirement for everyone."

"The European Union says that once their wallet is live, you'll be able to travel across all the countries, pay taxes, and even rent a bike with the same app."

"But imagine if that logic gets supercharged by digital IDs. Let's say your ID app shows that you just got off a 10-hour flight, right? The system knows where you've been. It knows your wallet balance. It knows you're hungry. So, the algorithm decides, you know, that person is stressed and they will probably pay more. And then boom, your sandwich is $25 instead of $12, but the person next to you might pay less just because that system thinks they're more price sensitive."

"Right now, companies use broad categories, right? But with digital ID, they could see your exact driving history, your Uber ride logs, where you hang out, all based on its ability to digitally track exactly where you are and where you've been."

"If you add in central bank digital currencies on top of all that, which are already being tested, as well as an API that companies can pay to access, and it's not really that hard to imagine a programmable like money that is tied to your biometrics, that gives the government the ability to program dollars that maybe stop working at certain stores for certain purchases or even dollars that expire after a certain date."