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They need total control. Why would they want to do that, that will make the price of ETH to skyrocket. The Fed will never run on blockchain, imagine someone gue
by icf80 5y ago
They need total control. Why would they want to do that, that will make the price of ETH to skyrocket. The Fed will never run on blockchain, imagine someone guessing the private key. The Fed needs total control and this is good. All the transaction will pass through them and no one else.
- unabridged 5y agoThe US government really doesn't use this much capital control in the current financial system. Look at the fx markets, look at all the dollar denominated bonds and paper issued by foreign companies and governments. They don't need to control each transaction, they just want to know where each transaction is coming & going. >The Fed will never run on blockchain, imagine someone guessing the private key. This is not a worry, if they lost a key they could just rollback to a previous good state and replace with a new token. This happens frequently on ethereum.