Former top official says Fed should ‘Maybe’ create ‘FedCoin’ to rival Bitcoin

Re:Former top official says Fed should ‘Maybe’ create ‘FedCo... by clhodapp on Saturday May 05, 2018 @08:16AM (#17001482)

There is a tremendous difference between "we have three servers so our stuff probably won't go down" and "the system could theoretically remain in use forever even if we disappeared from the world".

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Re:Former top official says Fed should ‘Maybe’ create ‘FedCo... by wmf on Saturday May 05, 2018 @01:11PM (#17002664)

And that difference is gigawatts of power. A system that's "only" as reliable as Fedwire or SWIFT but uses 99% less power than cryptocurrency is an interesting tradeoff.

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