Comments by "Frederick Miles" (@frederickmiles8815) on "Fed to Issue Report on U.S. Digital Currency" video.

  1. Stablecoins supported by etheruem and smart contracts will be the future of the monetary system. And the Fed doesnt print money; your just moving the federal collateral ledger to blockchain; the older i get the more i realize bloomberg is just as bad as FOX, CNN, and MSNBC.
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  2.  @2faf3dafafd  none of that is true, just gibberish. You dont understand ethereum or smart contracts - let along the ML algo's required to mitigate risk of contract corruption or the need to maintain multiple ledgers. The technology already exists and a bank has already built such a platform with multiple networks. Bitcoin is mathmatical gold - it is an insurance product and it is no where near the extent of blockchain technology, not even close.
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  3. ​ @ivantomic2366  you could do that as well, a stablecoin tied to the value of gold - make all libertarians happy lol. Gold like Bitcoin - both are great insurance products, scarcity makes Bitcoin more valueable. The issue is that history shows governments lie about the amount and quality of gold or silver - that is why Bretton Woods happened in the first place.
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