Yeah, here's my fav combo of things: money, bitcoin, and Europe bashing -- not, as some people think boomer (=communists) bashing #1468968

Now that the ECB is getting towards the final stages of approval to launch its own digital currency, it’s not surprising that they’re doing a bit of market research on the competition.

cuz we all know that a digital euro would make bitcoin obsolete, right?

"What kind of person owns crypto in the euro area?""What kind of person owns crypto in the euro area?"

• younger men
• spare money
• causes = general onlineness + comfort with digital payments

...amazing graph. I always wonder how they get these... it's not like survey results are particularly reliable (in general, certainly not for Bitcoiners). They checked tax filings or something??

In Austria and Ireland, the two most crypto-friendly member states, even boomers are more likely to own crypto than Italian millennials. The Baltic states and Greece have an extremely strong generational profile, with some of the highest rates of ownership among Gen-Z’ers but almost none by older folks.

uh-hu:

crypto ownership is generally a complement rather than a substitute for other investments. Crypto owners are not only much more likely than the average Eurozone citizen to have investment products, they’re a lot more likely to have a big reserve of physical cash.

"basically, crypto is — as you might have suspected — owned mainly by rich bros.""basically, crypto is — as you might have suspected — owned mainly by rich bros."

Sadge.

Most European crypto holders just HODL, they don’t actually make payments. The ones who do make payments are relatively similar to the HODLers in terms of gender, education and income, but are much more likely to answer survey questions indicating that they like cash for its privacy.

a, surveys! I knew it. Invoking Joe Rogan here... who tha hell answers these?! do you know anybody who picks up the phone for unknown numbers?!

Yeah, I believe you... but my tommy-gun don't:

The latest specification of the digital euro allows for balances of up to €3000 to be carried in your digital wallet, and for offline transactions to be carried out with perfect “cash-like” privacy — only you and the person who you transacted with will know anything about the transaction. This is significantly better privacy than bitcoin, as there is no permanent blockchain to explore; arguably it’s even slightly better than cash as the digital tokens can’t be tested for DNA or residues of anything else that might stick to banknotes.

archive: https://archive.md/dbcra