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They never open the package, and technically, they are quasi-public. Public enough that they can't play fast and loose like everyone else, but private where it
by salawat 5y ago
They never open the package, and technically, they are quasi-public.
Public enough that they can't play fast and loose like everyone else, but private where it matters in terms of not having literal Federally administered databases all just eafer for the reaping.
- djbusby 5y agoRight. So, couldn't the central ledger be similar?
- DennisP 5y agoIf they don't require KYC for accounts, and maybe even use privacy tech like Monero or ZCash, then sure. How likely do you think that is?
- wbsss4412 5y agoThe fed is quasi public too? It’s actually less public than the postal service, the postal service is a fully public agency, the fed is partially governed by private banks.
- dragonwriter 5y ago> the postal service is a fully public agency, the fed is partially governed by private banks. The Fed is fully governed by a federal agency. (The Fed Board of Governors). The individual regional Fed banks are private-public hybrids, but they don't govern the system.
- wbsss4412 5y agoNonetheless, given that the individual regional banks are have directors that are elected by the member banks, control over certain levels of fed policy are in a sense private, whereas that is nowhere true for the postal service. At least not to my knowledge.
- dragonwriter 5y agoThe USPS isn't quasi-public, it's fully public, an “independent” (meaning it has an Presidentially-appointed, Senate confirmed board with limits on degree of single-party domination) federal executive-branch agency.