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[–]iamonlyoneman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

You are fake news. They're going to be speeding up bank transaction processing which is ridiculously slow as the dollar is transacted digitally already.

ALSO (not the same thing, change of subject) they are looking at doing some sort of crypto thing since crypto and stablecoins have proved such a smart thing for the cryptoids. I think they might actually go for it eventually, as being a member of the fed has a requirement of being literally stupid before you can join the board.

[–]CreditKnifeMan[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

You must not have watched the part of the video when Powell specifically refers to a US Central Bank Digital Currency system, in light of existing cryptos, etc.

It's already completed.
Look up "Project Hamilton". They had two Bitcoin OGs build it for them.

No blockchain planned, so no traceability. Perfect control of everyone's digital currency.

[–]iamonlyoneman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

blockchain doesn't prevent centralized control LOL

[–]CreditKnifeMan[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

blockchain doesn't prevent centralized control LOL

Blockchain is a record of crypto transactions. They don't want a record of transactions.