Your comments on this one: Fedcoin??

[RH1]

The U.S. Federal Reserve will not only issue its own cryptocurrency but will also make sure Americans use it. That’s the prediction of currency guru Doug Casey who has an uncanny record of being correct about economic and political trends. His latest book, Surviving Fedcoin: How to Protect Yourself (and Profit) from America’s Coming Currency Change, is a public bet that the U.S. government will issue its own bitcoin which Casey views as “the last arrow” in its money quiver.
 
https://news.bitcoin.com/fedcoin-u-s-issue-e-currency/

[mrtryonebiggums]

I laugh at the notion of the Fedcoin because what is the difference between that and the US dollar? Nothing they are both private currencies that are backed by private individuals. It won't help the world one bit and I pray to god nobody falls for that scam of a coin.

[shulio]

At some time in the coming 10 years (maybe earlier), all countries will have their own crypto currency. Because only this way, they will be able to fight with Bitcoin. They will have their own centralized crypto currency and increase their power over peoples money.

[Canis Majoris]

The U.S. Federal Reserve will not only issue its own cryptocurrency but will also make sure Americans use it. That’s the prediction of currency guru Doug Casey who has an uncanny record of being correct about economic and political trends. His latest book, Surviving Fedcoin: How to Protect Yourself (and Profit) from America’s Coming Currency Change, is a public bet that the U.S. government will issue its own bitcoin which Casey views as “the last arrow” in its money quiver.
 
https://news.bitcoin.com/fedcoin-u-s-issue-e-currency/

If you mean Fedcoin as in shitcoin, then they don't need to create anything. The American dollar is the ultimate shitcoin with trillions of debt, and expect a lot more to come in the next couple of months. That said, they could go for a coin which would be backed up by gold, and common people won't be able to get it since it will be used to protect the wealthy from the imminent collapse of the dollar. The rest of the population will be left with nothing in their pockets, like many times before.

[krishnapramod]

The talks about FEDcoin has been doing the rounds since 2014. The purpose of FEDcoin would be quite simple, digital tokens of dollars, replace cash, enforce a complete centralized privacy-less cryptocurrency upon the masses. It's likely that the Federal Reserve might attempt to come up with something like FEDcoin, the last arrow in its money quiver, but for it to gain any mass acceptance, people would have to choose it because there isn't any other choice/no alternatives and precisely for something like that to happen the whole decentralized crypto market should be non-existent. Do you see something like that happening anytime soon? No.

Bitcoin is an experiment at a separation of state and money and recently Nassim Taleb said, it might fail, but then it will be easily reinvented as we now know how it works.

But its mere existence is an insurance policy that will remind governments that the last object establishment could control, namely, the currency, is no longer their monopoly. This gives us, the crowd, an insurance policy against an Orwellian future.

https://medium.com/opacity/bitcoin-1537e616a074

[Canis Majoris]

The talks about FEDcoin has been doing the rounds since 2014. The purpose of FEDcoin would be quite simple, digital tokens of dollars, replace cash, enforce a complete centralized privacy-less cryptocurrency upon the masses. It's likely that the Federal Reserve might attempt to come up with something like FEDcoin, the last arrow in its money quiver, but for it to gain any mass acceptance, people would have to choose it because there isn't any other choice/no alternatives and precisely for something like that to happen the whole decentralized crypto market should be non-existent. Do you see something like that happening anytime soon? No.

In his prediction Doug Casey talks about the Fed making sure that Americans actually use this cryptodollar. As I got, it means that the use of this coin will be obligatory. For example, they could force you to pay taxes with it. And that's the whole idea behind it! If we separate the wheat from the chaff here, in essence, it all boils down to creating a new dollar and then possibly declaring the old dollar no longer legal and valid in the US. The rumors of such development have been circulating for at least a decade.