The objectives of our research and experimentation across the Federal Reserve System are to assess the safety and efficiency of digital currency systems, to inform our understanding of private-sector arrangements, and to give us hands-on experience to understand the opportunities and limitations of possible technologies for digital forms of central bank money. These efforts are intended to ensure that we fully understand the potential as well as the associated risks and possible unintended consequences that new technologies present in the payments arena.
ZH Again. The Fed taking sandbox lessons from MIT.
The number one goal is to steer the Fed taxes away from the poor. Do no harm. Number two is to provide a hand held contract manager, equally trusted by all parties. Start with simple contracts and trusted account managers, compute probability of a scofflaw. Simple S/L automated accounts, always kept up to date by our hand held contract manager. The device dispenses digital cash properly, just like a paper cash ATM.
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