Comment by matheusmoreira

Nothing naive about it. Brazil is not the USA. It hasn't exactly demonstrated an ability to "deeply embed" itself into internet backbones the way the USA does. The problem with Pix is: they don't need to.

Lack of capabilities limit the scope of government tyranny. It used to be that the government didn't have the manpower required to audit everyone and everything, so only the bank transactions above some threshold would be monitored. With pix, they are monitoring 100% of transactions now. This is a massive gain in capability that should not be ignored.