Showing posts with label Federal Reserve digital currency. Show all posts
Showing posts with label Federal Reserve digital currency. Show all posts

20220609

21. How might future technological innovations affect design and policy choices related to CBDC?

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Filipe's answer :

United States is the first technological word's nation.
W3C serves the world peacefull.
Google's is able to make another search engine to identify any digital object as UUS$$ with legal tender.

The digital money of the US Fed UUS$$ (Universocial US dollar) will be created to cover a growing utility requiring an Internet space exclusive to representations of value at instant and exchanges between identified subjects and always identifiable as users in economic acts dated time as it is processed on the embryo already advocated at WUW The Webcash Universocial Web.

Why is this predictable:
- The current anonymous money induces unconfessable economic actions, therefore the user of money/value must always be identifiable as responsible for a datable economic act;
- The current anonymous money without the date (@timestamp) of the incorporation of the accompanying value to the creation, induces sterility in savings;
- The current anonymous, static and impersonalisable money induces mistrust, corruption and threat.
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The UUS$$ digital money will be born to embody time, value and identity in a dynamic, processable object with individual life (as it master's voice)  in the Internet space.

Why is this predictable:
- The current US$ Fed's Central Bank currency and commercial bank balances, represents monetary value with extracted financial value, whose stagnant and corruptible tax base is unable to communicate security for well being.
The UUS$$ digital money from the FED needs to be processable in all its utilities (or be useful to people in all of its 4 parts processed one by one) monetary, financial, webtaxmatic and germinator of happiness.
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The UUS$$ digital money will be born by infinite and time squential Fed's coded spaces disposed for personal use of anidation a fixed US$ 10.- burden at a @timestamp of the creator of such digital object giving birth 1 UUS$$ = 1 universocial digital USA Fed dollar = 1 unit of digital savings able to be the support for application of webcashmatic results at the Time Owned Market.

Why is this predictable:
- The current money US$ Fed's Central Bank currency and commercial banks balances, represents net bearer values ​​covered by assets of uncertain liquidity both in the amount and in the time-date-moment adapted to the payment and therefore it develops inflation because it has a limited effectiveness in the acts of investment.
- The current money US$ Fed's Central Bank currency and commercial banks balances, as not containing incorporated time, are not able to produce capital gains by effect as the time go. 
- People has preference for liquidity and will prefer capital gains produced in cash phase (#cashkeeping), better than an interest rate over steril savings.
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Thank you for your submission

Thank you for submitting feedback on Money and Payments: The U.S. Dollar in the Age of Digital Transformation. The Federal Reserve is committed to soliciting and reviewing a wide range of views as it continues to study whether a U.S. CBDC would be appropriate.

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