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So far I think the first step has failed spectacularly a few times, let alone any follow up. I'm not saying the above is necessarily impossible, but at this poi
by karamanolev 4y ago
So far I think the first step has failed spectacularly a few times, let alone any follow up. I'm not saying the above is necessarily impossible, but at this point I've acquired an instant gag reflex when I hear blockchain. I'm not sure if that's a healthy approach for me, but it's true.
Why does it have to be a blockchain instead of a government-mandated nonprofit (e.g. FedNow) to operate it? Wouldn't that have more oversight and less chances of massive fraud?
- junofan 4y agoThe Fed is absurdly profitable.
- Areibman 4y agoI used to feel the exact same way until I saw what Circle did with USDC. I’m highly doubtful that FedNow will be able to compete in terms of innovative new features. Say what you will about blockchain, there’s a lot of builders out there aggressively churning out new tech without anyone’s permission.
- yao420 4y agoUSDC and Circle are not as clean as they would like us to believe. https://taibbi.substack.com/p/the-financial-bubble-era-comes-full https://taibbi.substack.com/p/the-financial-bubble-era-comes...