Re:Bitcoin is fiat money, too
by abritinthebay on Sunday September 24, 2017 @09:00PM
(#15327370)
> the Federal Reserve which is a private bank
Not true. Literally by design actually. This is a common misconception about Central Banks and it's one the US system makes worse by being explicitly public but functioning extraordinarily similarly to a private company.
This particular structure was actually a compromise between various other possible implementations.
But seriously, it's not a private bank. Repeating that just makes you looking like you get your information from websites that put their titles in all-caps and have dodgy grammar.
Not true. Literally by design actually. This is a common misconception about Central Banks and it's one the US system makes worse by being explicitly public but functioning extraordinarily similarly to a private company.
This particular structure was actually a compromise between various other possible implementations.
But seriously, it's not a private bank. Repeating that just makes you looking like you get your information from websites that put their titles in all-caps and have dodgy grammar.