The idea of a "privacy-minded" central bank digital currency (CBDC) is being proposed, but experts warn it's likely too good to be true. The US government's track record of undermining financial privacy rights raises concerns about its ability to establish a CBDC bill of rights. History shows that even well-intentioned designs can quickly morph into something different, often leading to increased surveillance. Ethereum co-founder Vitalik Buterin echoes these concerns, noting that CBDC systems often end up being less private and breaking down existing barriers against corporations and governments. Central bankers have repeatedly stated that complete privacy would not be an option with a CBDC.