A New Digital Currency is Being Pursued by The Fed, The BOE, and The PBOC
Central banks are pursuing direct issuance of cryptocurrencies. This video outlines the latest developments in their quest to save the current monetary and financial system for the powers that be.
Comments
The recent push has been to punish savers and encourage spending. If you are going to devalue "real" cash to drive people to the E-Dollar aren't you encouraging saving? How is a negative interest rate on real cash, any different from a positive interest rate on E-Dollars, in this scenario. If you charge negative rates on E-Dollar, you drive people to hoard paper cash - sooner or latter you have to destroy the supply of paper cash to keep people in E-dollar, before you can implement a negative rate successfully, but destroying it would just make it worth more, wouldn't it?
The value of bitcoin lies in it's decentralization. I agree that the fed could do their own thing, but they'll never be able to compete with new money.
you're right bro I did use bitcoin as a stepping stone
I just subbed you dude. I have such a poor understanding of economics, you wouldn't believe. {I'm older and blue collar} None of it makes any sense to me. So friggin abstract like imaginary numbers flying through the air. Maybe if I watch a few of your vids I'll get some ????? understanding of what's going on? It all seems to be structured to impoverish working people.
FedCoin? Bitcoin is a lot more than just currency. FedCoin will not be able to compete with open source community driven by volunteers and free market. (Bitcoin might be replaced some alt coin, but it doesn't matter)
...sources or this is bullshit
sounds like the same BS we heard about the Amero 10 years ago.
edollar? Digital dollars? The dollar, and all other major currencies, are already digital currencies. Most dollars reside as 1s and 0s in bank accounts. The dollars in your wallet are paper tokens for a digital currency.