6 ms·
There's a big difference: the Federal Reserve System lives in the real world, where node misbehavior (i.e. officers doing bad things) is punished with jail tim
by jude- 5y ago
There's a big difference: the Federal Reserve System lives in the real world, where node misbehavior (i.e. officers doing bad things) is punished with jail time, with ruinous downstream consequences on their families.
Wake me up when The DAO hacker is caught and put in jail, and I'll re-consider the analogy.
- vmception 5y agoHaha Ill entertain this bit: there are no criminal consequences for misbehaving as a node. Participation of a reserve system shareholder is quite limited and only partially helps assist with routing and regional statistics. Partially. There constraints on being a bank at all are not limited to federal reserve banks.