This is a good read of the market and I agree with most of your points. If you're saying the government shouldn't be innovating in the digital currency space o

This is a good read of the market and I agree with most of your points. If you're saying the government shouldn't be innovating in the digital currency space or if the impact would be negligible due to feasibility or some other issue, I'd strongly disagree. > What's the benefit of using FedCoin over using something decentralized with good monetary properties? The government and existing banking systems are the actors with the largest degree of potential impact for any currency solution in the next 30 years. This solution doesn't necessarily need Bitcoin-like decentralization by any means to solve real problems with real innovative solutions. To me, Bitcoin has proven itself limited to only a speculative store of value solution and has failed to deliver impactful, broadly felt impact. Any product based on Bitcoin will inheritly suffer a limited upside due to this. This is where the difference is for the existing entities, the central banks, domestic banking networks, financial intermediaries - unlimited upside.