Title: FedCoin explained by Magnus Lind
Video posted 21 Aug 2015
I make these three predictions of the future of payment systems:
Firstly, no future payment system will be built on printed paper and metal.
Secondly, no future payment system will be built on transactions over a large number of synchronizing server (as the current payment systems are).
Thirdly, payments will likely be a no fee (or a very small fee) business, instead it will be a big data business.
The likelihood of that government currencies will be transacted over a specially developed version of Blockchain or similar is therefore high.
I think especially the idea of Fedcoins, a cryptocurrency issued by the Federal Reserve and replacing physical bills and coins, isn’t a too big revolution. Sooner or later bills and coins need to be replaced and I don’t see payments with physical cash will exist at all in the not too distant future.
I live in Sweden and there are soon no bank office storing coins and bills here any longer.
The only place to get physical cash is in the ATM (and they get fewer and fewer). -Magnus Lind
The U.S. Federal Reserve will not only issue its own cryptocurrency but will also make sure Americans use it. That’s the prediction of currency guru Doug Casey who has an uncanny record of being correct about economic and political trends. His latest book, Surviving Fedcoin: How to Protect Yourself (and Profit) from America’s Coming Currency Change, is a public bet that the U.S. government will issue its own bitcoin which Casey views as “the last arrow” in its money quiver. –news.bitcoin.com
You may recall our previous posts on related subjects such as monetary reform, de-dollarization, capital controls, tax hikes, blockchain tech trials at central banks, the war on cash and the social engineering leading to the cashless society.
But many are surprised to hear that the Federal Reserve has a bitcoin clone too.
In my opinion this is very BAD, I can imagine the worse:
- Abolish bank runs!
- greater capital controls (bankers’ wet dream)
- cashless society, you have no money – only what the officials allow
- privacy invasion
- governments could rob your account, imagine traffic camera record a new speed zone violation to your license plate and demand the bank autopay the legal fines & fees!
- complete digital surveillance
- psychological profile
- digital autopay for all transactions
- mandatory 100% tax compliance
- cyber espionage & cyber warfare
Sure the blockchain may be secure, but less secure are the connecting servers, accounting ledgers, databases of transactions and profiles.
This is banksters we are talking about, completely untrustworthy. ~Ron
“To start with, I suspect it’s going to be a parallel currency. Perhaps usable just within the U.S. which, in effect, would be a form of foreign exchange controls even more effective than the inability of Americans to open up foreign bank and brokerage accounts today [due to monetary control through FATCA]…I think it’s a near certainty that they’re going to do something like this and soon.” -Doug Casey
Title: The FEDCOIN takeover of BITCOIN
Video posted 23 Apr 2017 by Rise Together
A new resolution submitted to the U.S. House of Representatives calls for the development of “a national policy for technology” that would include digital currencies and blockchain technology. –coindesk.com Published on July 19, 2016
H. Res. 835 on SCRIBD:
Title: “Project: FEDcoin” and the imminent death of the dollar
Video posted 22 Feb 2017 by The Super non plus ultra