The technology will push back against the restrictions, unnecessary chaos.
Lately I was hoping to see finance ministers get clues, they are dim bulbs and late to the party. It is not just Libra, it is Telegram, and the stable coins offering alternative, out of system payments. Central banks are losing market share, the primary dealer program is competing with shadow algorithms and are losing the hedge. The technology can run a proven ledger system, the potential for cutting the middle from payments is enormous.
Look at the long term past. We are having a Morse Law upgrade to banking, a system wide doubling of transaction rates and automating cash. Central banks and government agencies need to join the club, central banking is very successful in the sandbox. This is not the first time, it started with telegraph (small t). We should know how to do this, finance ministers need not be dim. Explain to them that sandbox is neutral to contracts,they are free to regulated fiat flows all they want, with efficiency. But contracts are voluntary, with respect to sandbox. We cannot do it otherwise.
The US government has some very tricky negotiations with the senate coming up soon on this issue. And, the USA is also looking at the multi-generational problem of small state imbalance, a lot of repricings are due all at once. Some of these states are on the verge of disappearing. We are stuck, Constitutionally and need to make a decision about better trading efficiency on earmarks, like go with a single cash infusion system. Big trades coming up for the generations.
Constitutional Adjustment Act, ou best approach. Just send Wyoming 3 billion a year, cash, Due Process attached. And quick having sex with steel pipes. This is an efficient way out of earmarks, Constitutional Amendment is impossible so we simply need to pay the price, up front. Yes, we build up the small states, they should tend toward convergence. It is the smaller of the alternative, earmark inefficiency.
The US government has some very tricky negotiations with the senate coming up soon on this issue. And, the USA is also looking at the multi-generational problem of small state imbalance, a lot of repricings are due all at once. Some of these states are on the verge of disappearing. We are stuck, Constitutionally and need to make a decision about better trading efficiency on earmarks, like go with a single cash infusion system. Big trades coming up for the generations.
Constitutional Adjustment Act, ou best approach. Just send Wyoming 3 billion a year, cash, Due Process attached. And quick having sex with steel pipes. This is an efficient way out of earmarks, Constitutional Amendment is impossible so we simply need to pay the price, up front. Yes, we build up the small states, they should tend toward convergence. It is the smaller of the alternative, earmark inefficiency.
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