The digital euro pilot is live in 26 EU countries. When it goes mainnet (projected 2028), the ECB will have real-time visibility into every transaction above the 'privacy threshold' — which they'll set and can change unilaterally. Think about what that means for the 340 million people in the eurozone: a currency where the issuer can see your spending, set expiry dates on your money, and program restrictions on what you can buy. They call it 'offline capability' and 'privacy by design.' Read the technical specs. Offline payments have a hard cap. The privacy threshold is undefined. And the ECB retains the right to 'de-anonymize' transactions for AML purposes — which in practice means: whenever they decide. This isn't hypothetical. The regulation passed committee. The technical infrastructure is being tested. The on-ramps are being built. Cash usage in the EU dropped 10% year-over-year. Once it hits critical mass, the CBDC becomes the only rail. Plan accordingly. P2P cash and Monero aren't political statements — they're contingency plans.