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Re: Creating new digital USD (for the Federal Reserve)
by
barsbars
on 01/08/2015, 16:52:03 UTC
Consider a new coin called USD (or perhaps Digital Dollars or Electronic Dollars DDR or EDR).  Perhaps a 2nd new coin called Physical Dollars (PDR or PDL).  Some thought might be given to Pennies, Dimes, Nickels, Quarters, etc.


What does THAT do for you?  On a 1 to 1 basis, you could track every single dollar created by the Fed.  Each digital dollar would be identifiable and unique.  An end to digital counterfeiting aka a bank or other entity creating an accounting entry that misrepresents the number of dollars in existence.

I think what you search is something like BitUSD or NuBit. They both hold the value of 1USD artificially.

And no, i don't see any government being interested in it. They want to print money when they need money.
what does "they both hold the value of 1USD artificially" means? pegging?