Could FEDCOIN be the new money in the United states as form of E-Currency or Crypt)?

in #fed7 years ago

                               fedcoin: The U.S. E-Currency or Crypto  (My thought's ?)

                                                                         My thoughts 

  I see Fedcoin as a payback for the Bitcoin and other crypto currency on rise.  As The us regulates ICO startups and does not help provide much money to bitcoin services as in other countries.  As bitcoin and most cryptocurrency are Decentralized system. The united states does not seem to like or understand the value of said currency and responded with fed coin.

                                                                  FedCoin or Bitcoin?

well bitcoin can be transfer into almost anything and almost anywhere. The United states Central banks can Choose pricing and regulate on how much is proceed and given as fed coin is centralized and belong developed for only U.S citizen 

FedCoin - Centralized only controlled by Us Revenue. 

Bitcoin - Decentralized can be transfered to anyone and go into almost any form of money  


                                      Is FedCoin trying to control Crypto market for U.S Citizens ?

Well i would say yes and no. It can control it but not much as it's price and control is still regulated. But other forms of crypto currency will still be available to use but not sure if  Fedcoin can Be echange for bitcoin or other crypto (Vice versa) . 

            When will fed coin start and how will the us react to the rise of bitcoin and ethereum  and other Currencies? 


Well I do not know when it is gonna start but my guess is not to long from no, but i would say a few year's because getting all banks and stores to get things ready to accept Fed coin and transfer and exchange sites or location like ATM's (Automated Teller Machine) or even update and incorporate it will take a long while. While the rise of bitcoin pops up i think the U.S banks might start low and let investors get on the rise and the price might rise or stay the same as of the USD currency market value for money. 

__________________________________________________________________________________

 thank you for reading and hope it was good read.  Sorry for the Grammatical errors. I am working on it.  Hope this gave you insight to my View of Crypto Currency and Fedcoin. I will try and do better next time. I am Basing my info of what i learned. please comment to Let me know What info i could have missed. Also Please let me know what i could do better in post's thank you :)

Sort:  

Congratulations @zyphtic! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard!


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @zyphtic! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.16
TRX 0.15
JST 0.028
BTC 55838.64
ETH 2285.93
USDT 1.00
SBD 2.33