Bitcoin Cash == Fedcoin?
Do you feel like Bitcoin Cash came out of nowhere? What if Bitcoin Cash is a prelude to something that has been in the works for years? Like a long-term plan for "Decentralized Central Banking". I don't know for certain but here are some past articles for your consideration:
Fedcoin
- Sina Motamedi's article in 2014: http://tannutuva.org/blog/2014/7/21/will-bitcoins-ever-become-money-a-path-to-decentralized-central-banking
- JP Koning's article in 2014: https://jpkoning.blogspot.ca/2014/10/fedcoin.html
- Another article in news.bitcoin.com in January 2017: https://news.bitcoin.com/fedcoin-u-s-issue-e-currency/
These articles are interesting. If you don't get a chance to read through them all, just consider this part:
Motamadi writes, "The simplest way for a central bank to create its own crypto-currency is for it to fork the Bitcoin protocol into a new protocol that is unchanged in every way except that, going forward, the central bank would set and adjust the block mining reward at its discretion." Motamadi refers this forked coin as the "BitDollar".
How interesting indeed.
The Economist, January 1988.
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Interesting stuff indeed. Thanks for posting!
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