Risk adjusted S/L accounts

 George Selgin

@GeorgeSelgin

·

1h

It should already have done this, BTW. And it should follow the Bank of England's example of establishing reasonable terms for routinely granting Master Accounts to non-bank payment service providers.

I would congestion price entry and exit, leave it at that. But this is a step forward. 

Here we have contract language on the bitcoin blockchain:

Taproot Is Coming: What It Is, And How It Will Benefit Bitcoin

The contracts allow timeouts on account and multi signature contract exits. All the stuff I wanted, they have. This means generic sharding is possible, we will soon have short chain cash without Spectre compliance.

If you combiner BofA and PSP providers we get generic ledger swapping. But we also get a Wile E Coyote moment when the central banks get widespread dodging of seigniorage fees.