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myrkul
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March 26, 2013, 02:49:11 AM |
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Please tell me this is a joke? Fedcoin is backed by the credit and good faith of the Federal Reserve and the government of the United States of America… So... It's worthless, then? |
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Severian (OP)
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March 26, 2013, 02:51:08 AM |
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Fedcoin is backed by the credit and good faith of the Federal Reserve and the government of the United States of America… That tipped me off to the satire. |
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saddambitcoin
Legendary
 Offline
Activity: 1610
Merit: 1004
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March 26, 2013, 03:33:57 AM |
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I went to the Federal Reserve Bank in my City and they gave me a free bag of Shredded Federal Reserve Notes. I asked the woman what she thought the future of cash might be, and she asked me if I heard of Bitcoin. I then showed her my Blockchain and she was turned on.
True story.
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Dabs
Legendary
Offline
Activity: 3416
Merit: 1912
The Concierge of Crypto
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March 26, 2013, 05:47:30 AM |
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How big is your blockchain? It's 7 gigs right now, but it's growing.
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Lethn
Legendary
Offline
Activity: 1540
Merit: 1000
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March 26, 2013, 10:20:22 AM |
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Hacked in five seconds, it's going to be hilarious to watch them think they can operate a computer  |
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herzmeister
Legendary
Offline
Activity: 1764
Merit: 1007
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March 26, 2013, 10:55:11 AM |
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"They’re easy to make. JPMorgan, Bank Of America, etc. run a modified version of Super Mario Brothers in which Mario’s character is computer controlled. [...] Every time a Mario gets a coin, $100 million dollars in Treasury bills are created and $100 million goes into the account of Mario1, Mario2, or whatever bank’s Mario got a coin."But what if Mario isn't good enough and can't get enough coins for what gov wants to spend? 
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Dreamweaver
Member
Offline
Activity: 104
Merit: 10
Trying to find my way.
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March 26, 2013, 03:37:31 PM |
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Well hey if this is real, then at least we can say Bitcoin is a threat to the fed xD
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BTC: 15hfE8dXf13Z1n5WQnpoF24Zr7G8Fv1Ghk
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cho
Full Member
Offline
Activity: 155
Merit: 100
Boar with me
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March 28, 2013, 01:09:45 PM |
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That Fedcoin original story is hilarious, thanks a lot |
1KEWxTkXPgfB9MdHJcfyoVnfHRnYEHQJPw
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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March 28, 2013, 01:23:56 PM |
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I then showed her my Blockchain and she was turned on.
Mac Daddy. And here I was thinking about a tat instead. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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capensis
Newbie
Offline
Activity: 96
Merit: 0
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March 19, 2018, 02:16:40 AM |
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So USA FedCoin is now a reality and will be implemented in the not too distant future and it will be set up across the board in banks/financial institutions etc .Bit of a worry if you live in USA ? It is gold backed. Do not know the origin of the blockchain.
So will this be the beginning of the death of money/ fiat currency ? Time will tell.
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