So USA FedCoin is now a reality and will be implemented in the not too distant future and it will be set up across the board in banks/financial institutions etc .Bit of a worry if you live in USA ? It is gold backed. Do not know the origin of the blockchain.
So will this be the beginning of the death of money/ fiat currency ? Time will tell.
Topic: Fedcoin: A centrally-issued alternative to peer-to-peer currencies (Read 4390 times)
March 28, 2013, 09:23:56 AM
I then showed her my Blockchain and she was turned on.
Mac Daddy. And here I was thinking about a tat instead. 
March 28, 2013, 09:09:45 AM
That Fedcoin original story is hilarious, thanks a lot 
March 26, 2013, 11:37:31 AM
Well hey if this is real, then at least we can say Bitcoin is a threat to the fed xD
March 26, 2013, 06:55:11 AM
"They’re easy to make. JPMorgan, Bank Of America, etc. run a modified version of Super Mario Brothers in which Mario’s character is computer controlled. [...] Every time a Mario gets a coin, $100 million dollars in Treasury bills are created and $100 million goes into the account of Mario1, Mario2, or whatever bank’s Mario got a coin."
But what if Mario isn't good enough and can't get enough coins for what gov wants to spend?
But what if Mario isn't good enough and can't get enough coins for what gov wants to spend?
March 26, 2013, 06:20:22 AM
Hacked in five seconds, it's going to be hilarious to watch them think they can operate a computer
March 26, 2013, 01:47:30 AM
How big is your blockchain? It's 7 gigs right now, but it's growing.
March 25, 2013, 11:33:57 PM
I went to the Federal Reserve Bank in my City and they gave me a free bag of Shredded Federal Reserve Notes. I asked the woman what she thought the future of cash might be, and she asked me if I heard of Bitcoin. I then showed her my Blockchain and she was turned on.
True story.
True story.
March 25, 2013, 10:51:08 PM
Quote
Fedcoin is backed by the credit and good faith of the Federal Reserve and the government of the United States of America…
That tipped me off to the satire.
March 25, 2013, 10:49:11 PM
Quote
A member of the Federal Reserve Board of Governors left his notebook at a local gentlemen’s club. We present this incomplete memo, found in said notebook, without comment as it speaks for itself.
http://peculium.net/2013/03/26/fedcoin-a-centrally-issued-alternative-to-peer-to-peer-currencies/
Quote
Fedcoin is backed by the credit and good faith of the Federal Reserve and the government of the United States of America…
So... It's worthless, then? March 25, 2013, 10:36:07 PM
Quote
A member of the Federal Reserve Board of Governors left his notebook at a local gentlemen’s club. We present this incomplete memo, found in said notebook, without comment as it speaks for itself.
http://peculium.net/2013/03/26/fedcoin-a-centrally-issued-alternative-to-peer-to-peer-currencies/
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