Helicopter flying, according to Delong

Delong tackles banking theory and tries to explain the helicopter drop. We end up with a semi quote from Adair Turner:

Central banks should, instead of taking all the revenue from seigniorage they create and transferring it all back to the Treasury, calculate each quarter how much of the seigniorage they hold should be distributed to citizens in the form of that quarter's helicopter drop.

The key is central banks, they have seigniorage power from their monopoly status.  

But we can skip all that theory, we have the new technology of closed and complete transactions.  We have Ethereum, Azure, and a others, all offering an open market for currency banking.  So we substitute:

• Currency banker for central banker. 
• We replace helicopter with  balanced gains or losses. 
• We replace citizens with depositor-borrowers who transact under the published liquidity constraints.

Then, yes, the currency banker clears the bets when the liquidity bounds is exceeded. Red chips become green chips and green chips become red chips. Banker bot covers its transaction costs and declares the next liquidity allocation.

Why do we even want Swamp politicians involved?