Topic: Could the Federal Reserve Issue Their Own Cryptocurrency? - page 4. (Read 3464 times)
Of course they could. What would be stopping them? It wouldn't be the same though as the currency would be centralized and that's not what we want. I'm sure cryptos will influence the future of money in some way though.
Since the invention of Bitcoin some have thought about cryptocurrencies issued by central banks or governments. Recently the idea of Fedcoin stimulated a lot of discussion after David Andolfatto from Federal Reserve Bank of St. Louis presented the idea at P2P Financial Systems 2015. David also discussed the idea in a post. As a concept the idea is intriguing, but soon a flurry of questions about details have been raised. Among those are issuance, distribution, peg to the dollar, miner rewards, restriction on users and miners, monetary policy and others. I will attempt to address these issues as I see them.
Read the full post on Diginomics.
Since the invention of Bitcoin some have thought about cryptocurrencies issued by central banks or governments. Recently the idea of Fedcoin stimulated a lot of discussion after David Andolfatto from Federal Reserve Bank of St. Louis presented the idea at P2P Financial Systems 2015. David also discussed the idea in a post. As a concept the idea is intriguing, but soon a flurry of questions about details have been raised. Among those are issuance, distribution, peg to the dollar, miner rewards, restriction on users and miners, monetary policy and others. I will attempt to address these issues as I see them.
Read the full post on Diginomics.
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