He spends ten minutes talking about what is wrong:
1) Primary dealership system
2) Treasuries only policy
Then, in summary he needs one sentence:
Currency bankers offer a liquidity swap between supplier and demander of liquidity.
We know how to run a liquidity swap. The real question is why does his audience seem so stuck on an unstable system. Why does George need to explain all this? How did his audience become so stupid? The problem is solved by about two hundred line of Solidity code, the techies never got stupid in the first place.
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