What stops a Federal Reserve crypto scheme of their own?

[zimmah]

Nothing stops them from doing so, but it will not catch on.

Few people would be stupid enough to leave fiat for digital fiat. Because a centralized crypto is just that, digital fiat. And it has mostly disadvantages over regular fiat.

The government wishes they could get a crypto of their own and make it popular, but they won't be able to make it popular.

[Phinnaeus Gage]

people not wanting it, because it's controlled on the federal level?

But nothing is stopping them from creating a myriad of viable sleeper cells from creating their own coins for whatever purposes.

[Ron~Popeil]

people not wanting it, because it's controlled on the federal level?

But nothing is stopping them from creating a myriad of viable sleeper cells from creating their own coins for whatever purposes.

They can't even build a healthcare website. How in the world can they build and then market a crypto currency? 

[jc01480]

people not wanting it, because it's controlled on the federal level?

But nothing is stopping them from creating a myriad of viable sleeper cells from creating their own coins for whatever purposes.

I like the way you're thinking about this.  Very good!  Care to guess which alt(s) are them?

[Cranky4u]

people not wanting it, because it's controlled on the federal level?

But nothing is stopping them from creating a myriad of viable sleeper cells from creating their own coins for whatever purposes.

They can't even build a healthcare website. How in the world can they build and then market a crypto currency? 

The govt. can't organize anything  efficiently which is why I tend not to believe conspiracy theories

[Phinnaeus Gage]

people not wanting it, because it's controlled on the federal level?

But nothing is stopping them from creating a myriad of viable sleeper cells from creating their own coins for whatever purposes.

I like the way you're thinking about this.  Very good!  Care to guess which alt(s) are them?

Breaking news!: It'll be easier to name the alts that aren't.

[Phinnaeus Gage]

people not wanting it, because it's controlled on the federal level?

But nothing is stopping them from creating a myriad of viable sleeper cells from creating their own coins for whatever purposes.

They can't even build a healthcare website. How in the world can they build and then market a crypto currency? 

The govt. can't organize anything  efficiently which is why I tend not to believe conspiracy theories

So true, and they finally realized this truism themselves most recently, hence farming out their objectives via Business Wire, et al.

[mysidia]

Just imagine if the Federal Reserve started their own cryptocurrency, created a FedChain, blessed the banks to use it, ect. I can't imagine the limitations on it, but I am sure they would be bad. Probably would be a way for the feds to create their own coins in the protocol.

They would probably replace "free mining" with a requirement that a completed block also be submitted to the fed for approval/validation and then digitally signed by the Fed, before being awarded,  and a portion of the block reward has to be going back to the fed as the fed's fee,  so the fed decides which bank (or that the fed itself) is going to successfully mine the next block.

The fed could then be enabled to specify FedCoin reward for mining, difficulty parameters, and "fed's fee" parameters centrally, for each individual block, instead of letting a distributed algorithm decide the mining parameters.

The fed's ability to reduce difficulty, increase reward  ("liquidity infusion"),  or increase fed's fee for the block taken from the reward ("liquidity removal"),   then lets the fed influence money supply.

Also, at any point in time, the fed can decide that the next block and the next 10% of the blocks will be won by the specified bank -- .e.g.  the fed,  regardless of hashing power,  and have a specially magnified award.