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New Coronavirus Stimulus Bill in Congress Creates U.S. Digital Dollar

• zapttt 7y ago
  ”digital dollar wallet is identified as ‘a digital wallet or account, maintained by a Federal reserve bank on behalf of any person” so, a plain old debit card directly from the fed?
  • twomoretime 7y ago
    That tracks every purchase? In the hands of the government?
• robocat 7y ago
  A software consulting company will win the contract, the project will be “delivered” in 2022, but then cancelled because they got the requirements wrong, followed by huge lawsuits.
  • api 7y ago
    It will be written in 5 different languages including Oracle stored procedures, J2EE, and ASP.NET, the web site will only work on Chrome (with popups enabled), and the mobile app will take ten seconds to start and then crash. The cloud backend will crash on the first day. Total cost will be at least a billion dollars. A lot of rank and file coders will be paid to do nothing and a lot of enterprise software companies will get fat contracts to deliver software that is never really used. Yup, I've seen these before. This is what big corporate and government consultant-driven IT projects are like.
• DevKoala 7y ago
  > The Federal Reserve banks themselves would also make available a digital dollar wallet to any U.S. person eligible for the payments as well. I'll pass on the stimulus grant then. The chance to de data mined is too high.