The Fed reported that only 63% of American adults would be able to cover an emergency $400 expense with readily available cash.
Over 1/3 of US people don't have 400 bucks on the side for an emergency expense.
Seriously?
@CharlieShrem It’s interesting to think about the next steps in this progression: who provides security? Who builds infrastructure? Who is charged with environmental / safety regulation?
tldr; we couldn't figure out distributed ledger technology so we recommend a centralized database with commit / rollback capability managed by the government to create a CBDC. #CBDC#cryptocurrencybostonfed.org/news-and-event…
@bradmillscan a DAO operated like a business or investment fund with operational management etc is effectively an unincorporated partnership, which makes the participants jointly and severally liable. you do not want to be severally liable. just saying. talk to a lawyer.
There’s no such thing as a DAO.
DAOs are just distributed companies with social contracts.
Governance tokens = LARPing as a shareholder.
Your vote in a DAO does not actually matter.
Treasury value is not a floor, your DAO token can trade to zero & still have a big treasury…
The Federal Reserve's Money and Payments paper has a few gems..
"The Board’s Technology Lab has been studying the use of application programming interfaces to support the issuance, distribution, and use of privately issued digital currencies"
Wow! #CBDC#CBDCs