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So a digital Fed. Who says a government can't regulate the payment processor?

• otakucode 9y ago
  They certainly could. And I would argue that in the USA right now they absolutely should. If not providing a modernized federal ACH system that can handle realtime funds transfers, then at least by absolutely and criminally forbidding charging a fee which scales based upon the amount of money changing hands (a small flat fee would be warranted, the problem is that they charge more just because the numbers are bigger which is nonsensical, we're not talking about them extending credit or doing the liability hot potato that credit card transactions are, this is just pure transferring from one account to another). Ideally the government would establish their own cryptocurrency, but I think that ship has sailed. Society in general has accepted that the standards of cash - anonymity, non-traceability, non-freezability, etc - are simply too dangerous to trust people with.