[lossolo]

> the government couldn’t be allowed to arbitrarily inflate the currency when it wanted to

Author doesn't really understand how international monetary systems work. His own country is "printing" money all the time and then using its global position to divide the cost of inflation on other countries. USA can do that because most of resources exchange (with oil included) is done in US dollar. They also do clever accounting trick using FED so theoretically they are not printing any money, they are just "lending" them.

Which problem US digital coin would solve? Privacy? This would be nightmare for AML/KYC policies, tax evasion etc.

If you consider all the rogue system players then you need to think about reverting transactions, you need to think about money laundering etc.

This coin would need to have some value, trust is not enough or this would be very volatile instrument. You could ride this new US digital coin and influence USD, so government would need to have tools to intervene and control this coin, which invalidates author point about making coin more independent from government.

There are so many problems with coins backed by countries without giving governments tools to control those coins, but if you add all those tools then what's the point? It will be so similar to current monetary system.