Re: Strategies for Improving the U.S. Payment System

On 1/29/15 1:03 AM, Pindar Wong wrote:
> https://www.cryptocoinsnews.com/federal-reserve-bitcoin-strategy/

Wow, interesting read, thank you for posting, Pindar.  :-)

A hard-hitting analysis if there ever was one, and well-expressed.

I don't know know how many of its assertions are accurate, but I think 
the document may have significant value regardless because:

    a) If they're all accurate, then there are big changes coming as a 
result, and we need to (attempt to) orient to those changes on the fly.

    b) Even if none of them are accurate, the document gives a good 
overview of the beliefs of at least part of the community of people 
involved in blockchain (Bitcoin+) money transfer. Knowing what they 
think may turn out to be helpful in whatever negotiations are 
ultimately required to reform the payment system.

Personally I think the split between 'a)' and 'b)' is about 60/40 to 
'a)', and the changes will be disruptive.

I'd be interested in whether other members of this list estimate the 
split to be, using that continuum, and based on the document at the 
above link?


Steven Rowat








>
> On Wed, Jan 28, 2015 at 2:22 AM, Melvin Carvalho
> <melvincarvalho@gmail.com <mailto:melvincarvalho@gmail.com>> wrote:
>
>     Jan 26, Federal Reserve
>
>     Note:
>
>     *Digital Value Transfer Vehicles are decentralized digital stores
>     of value that can be exchanged.
>     *
>
>     http://www.fedpaymentsimprovement.org/wp-content/uploads/strategies-improving-us-payment-system.pdf
>
>

Received on Thursday, 29 January 2015 15:23:40 UTC