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this post was submitted on 24 Sep 2024
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Why would the government put time into making fake money when they can just make more real money?
Because electronic payments that do not require a middleman are inherently better than funneling everything through centralized organizations like Visa. They could make their own dollar based blockchain that has secure and private transactions based on their own stablecoin. It would be the same as a cash payment.
Again, why would the government waste real money doing that with fake money, when they can do it with real money instead? What benefit is there, over just being a regular processor for real money? Because it's definitely not the inability to reverse transactions in blockchain systems, that's more of a feature for criminals.
Online payments, which is a lot of transactions.
Pretty sure the current system of real money already handles that one friend.