[jrq]

Isn't that what a line of credit is? Or a debit card? It's got a history of spending, it's very hard to double spend, and its completely traceable?

Sometimes I think fed has learned from Bitcoin that they don't trust us with Bitcoin, and they shouldn't trust us with cash either. I don't feel like they really give a shit about what a distributed ledger actually accomplishes and how it protects users.

Additionally, mining. Mining is a huge problem in my eyes because it wastes a ridiculous amount of energy to not produce anything. I'd love to just buy-in with my credit card or with cash, and have those coins generated (until supply is depleted) to meet the value at that time. If fedcoin worked like that, that'd be neat. Otherwise, it's just an energy sink, and I think we should start being more conscious at where all this energy is going.

Side question, HNers who use Bitcoin, why are you using bitcoin? Why aren't you using monero? If it's just convention, then switch! That's how conventions change!