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Yes, and it's called Bitcoin.
by Geee 4y ago
Yes, and it's called Bitcoin.
- labrador 4y agoOr perhaps all the experiments lead to the creation of a US digital dollar which can be spent online as anonymously as an ordinary paper dollar. This would have a clear advantage over Bitcoin, plus be backed by the full faith and credit of the United States https://www.brookings.edu/techstream/the-innovators-dilemma-and-u-s-adoption-of-a-digital-dollar/ https://www.brookings.edu/techstream/the-innovators-dilemma-...
- Geee 4y agoWhat full faith? US dollar is crashing, and there doesn't seem to be a solution in sight.
- labrador 4y agoHistorically speaking the current situation is not too far out of normal variation
- miketery 4y agoThe US government would never allow such a product. Any digital currency issued by the government will have strict controls.
- TimJRobinson 4y agoDAI is a decentralized US dollar that has existed for over 5 years now. Many people want a government authorized dollar backed by the government and are ok with the controls on it. You're free to choose the digital dollar you want. That's what this is about - freedom of choice in holding and spending your wealth in any currency or form you like.
- miketery 4y agoDAI isn't a government product.
- labrador 4y agoYou should realize a lot of people are comforted by strict government controls rather than the anarchy that Bitcoin offers
- miketery 4y agoComfort in the face of invented fear yes. However that's a net negative direction.