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Fed explores ‘once in a century’ bid to remake the U.S. dollar
- Bostonian 5y agoOur pay is deposited in a bank, we spend using credit cards, and we pay credit cards and utilities using electronic funds transfer. The dollar is already a largely digital currency, and I don't see what problem a new digital currency is supposed to solve.
- jfengel 5y agoEliminating a middle-man, who takes several percent of every transaction. Also, making sure that it's available to everybody, not just the people the middle-men dub credit-worthy. When you don't have much money, getting into electronic banking can be expensive, with fees and/or minimum deposits.
- foolzcrow 5y agoSo the elite in control of every country can cut off your money if you dont obey. No buying or selling without their approval. Many of you deserve this for being so timid or uninformed that the 1% were allowed to get this powerful. Obey them or else get hurt. That's not Democracy.