The Fed addresses sandbox

Where Do Banks Fit in the Fintech Stack?

Go read it. It is written in the semantics of the old system.


The new system has none of the problems associated with the old. Savings and loans are automatically regulated and consumers automatically protected in the sandbox because they are all optimally congested, and safety cannot be improved beyond that. 

The central banking system needs to get all of its time promises up into the smart contracts, the sandbox don't do time and that is most of the problem. The rest of the problem is solved because the banks are all two color, profitless and so matches our double entry accounting system. Remember, pure cash always uses asynchronous.adjustable interest swaps between savings and loans based on current conditions.  No time anywhere.

 So, we solved these problems, this author is talking about old problems. We have the bounded variation on bit error and red/green warnings in the hard secure element. Combine that with autotrading and we get the best consumer protection available.  Big banks no longer have the government hedge for free, they have to pay for it.