Better stable coin

The Fed would have to outlaw securities and share based money markets, extremely draconian. Here is a simple stablecoin algorithm which would be extremely popular on line. It cannot really be outlawed.

The stable coin block chain simply has a hot Swift bank account and a public ledger, and it posts both. The whole thing easily automated. There is a small double spending risk. a race to get an exchange registered on the ledger, there will be a reversion within timeout, including congestion fee.  If one needs stable coin, buy them online from the block chain. When done, sell them back at par.

Simple short block chain:

Any money exit would by definition trim the tree of the upward branch.  This is an artifact of stable coin, ultimately Swift has the final say. Automate the stable coin block chain, then charge a scofflaw fee.  The block chain is short, it is generally trimmed, there is no real deposit and loan gain, strictly a ledger exchange from the sandbox point of view. There is no history beyond the timeouts, chains erased up to the point Swift accounts get balanced.

The one management cost, hire a service to chase scofflaws. But the short chain is fast to the miners, the queues rarely congested. Any stable coin floating as bearer cash will soon hit a Swift bank and be off the chain. In fact, the stable coin protocol can enforce a count and time limit on outstanding bearer coins. This is actually a great idea, it is insurance for the small retailers and on line blogs. 

Users know there is no long term storage, the focus is on payment efficiency and bearer cash for on line activity. It becomes a liquidity function only, and normal central banking remains as  is. Making the chain short means no congestion means this coin is almost digital bearer cash. quick anonymous exchanges across the public ledger. 

Compete with today's ATM cards, today. Anyone can do this, but you need to have a Swift software interface, or equivalent. the money to be had comes from controlling the online ad business associated with bearer cash. Any source of material, the exchange is automated on the chain, fee zero, like a search engine. But whoa nellie, that ad fee is humongous. 

If a stable coin is received and the receiver has no stable coin account then use the public exchange and the miners will exchange to your Swift, for a fee. Vendors will soon realize that getting a stable coin account is better, then they are effectively buying into your ad network.  The miners can maintain a separate ad network, registering and unregistering paid ad spots.

Stable coin accounts get all exchanges free, short, to the point and accurate, like a search engine. But the account holders get subject to all sort of targeted ads wanting him to spend table coin, like a search engine. The whole thing is a search engine, it is matching liquid buyers to liquid suppliers with low, free transaction costs; and doing so at both ends. This is a Google beater.

Defeating stable coin

How would an attack out run a stable coin chain? Each stable coin points back into the current chain, but asynchronous miners are not yet synchronized. But their is a count limit, each miner needs to accumulate back up the chain until the Swift exchange, then balance. So we do not need any more miners then we have a count limit. And we only need to update the block chain with the current subchain change, always finite. Messages sent to clear the chain might go as 1,3,8,27; and the limit being 20. It takes four exchanges to clear the trade, and the attacker has an unknown and random set of connections to many online retailers. The attacker has to space out his attacks. One miner might catch him early and send a fast cancellation. This is very difficult. Half the time the vendor will just wait out the fast block chain as the confirmation time is not much worse than credit cards.

Catching scofflaws

Just file a claim on the Swift account, issue a warning to the Swift account. The illegality is securities fraud.   This is really the only human activity, requiring signatures. This and selling ad space and making large quantities.

Market

On line media. You need a cash limit of only 50 bucks, you get to capture a new market for ad revenue, and you take most  advantage of a simple formula for bearer cash over the net. You are not screwing around trying to eke out a surplus from search sales, you are in the ad business, you have that market no one is topping you. In fact, split that market up, there is plenty. Make competitive stable coins that use the same software.  Science, politics, business of various sorts, all of them have partitioned mass markets and aggregated dimes go a log way to increase the brains of the web. 

Not just media, games and betting need stable coin, and that is a whole host of advertising revenue. A web based betting site can hold the account of stable coin, then let the better run a session on a sub-stable coin chain. Each is a chain in a public ledger, but partitioned via Swift accounts. So the betting site clears immediately as it has the only link back to main black chain. It is like taking the massive bitcoin chain and breaking it up in time and space with the Swift clearance function.  The beauty, it always clears in time or space. A true bearer cash, meant only for exchange with no other value, except it sells a ton of ad space.

Can some one steal my stable coin signature?

Sure, then spend you coin where?  He cannot redeem it for Swift money, that gives him away. He is tuck with a lousy 50 dollar limit. And if the vendor can ask for ID essentials from your account, the thief would have to decline. Further, a little more work and  stable coin can adapt to standard pass code everywhere,  the technology is already in play is already in play.

You do not need Libra, we can release different stable coins for different central bank money. Adapt the ad sales to match the language and get another humongous gain from ad sales.  Especially easy if all the systems adopted Swift.

This is the ad business, but the end of the day it pushes sales. The sales business is a credit opportunity for bank who participate. The credit risk data is there, they have opportunities for well managed consumer lending on line. Swift banks can go along and reap their share. The banks can separately, and automatically, allow credit for stable coin purchases. They get an enclosed risk situation, there potential is no worse than a standard multiplier off the scofflaw list. This is essentially an accurate scale of 'fails to deliver' for small loans. This is a quick automation, a low transaction cost banking service. There risk is short term, the bearer coins are short term.