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I hope they use an existing, leading-edge project. There are some very advanced and capable cryptocurrencies. Or Ethereum which is catching up and would be amaz

by ilaksh 4y ago

I hope they use an existing, leading-edge project. There are some very advanced and capable cryptocurrencies. Or Ethereum which is catching up and would be amazing. It seems like the US would just try to block something like this on principle though. Having your own currency puts you in competition with other countries, doesn't it? And that's not part of the concept of a (US) state. https://en.wikipedia.org/wiki/Texas_secession_movements https://en.wikipedia.org/wiki/Texas_secession_movements

KRAKRISMOTT 4y ago
If the fiat conversion endpoints are subject to the same regulatory KYC and AML regime then it is no different from the US dollar
- kangaroozach 4y ago
  Still different because it wouldn’t be fiat. There is no ability to print more gold.
  - KRAKRISMOTT 4y ago
    The Bretton Woods are calling and want their policies back.
  - johngladtj 4y ago
    They control the redemption process, hence can devalue it any time they want
    - Blammar 4y ago
      Bingo!
    - ur-whale 4y ago
      > They control the redemption process, Not if the redemption process is inscribed in the constitution, in which case, "controlling" it is subject to quite a number of hurdles.
- ur-whale 4y ago
  > then it is no different from the US dollar Yeah? Can you decide to create more gold out of thin air on a Monday morning like Washington has been doing for the past 100 years with the USD?