Damus
brito · 1d
I'm calling fedcoin to cryptos supported by federal governments. This is a factual naming convention: https://www.hks.harvard.edu/centers/mrcbg/publications/real-target-trumps-crypto-strategy-federal...
ghost profile picture
Your own Harvard source contradicts you - it explicitly contrasts CBDCs (Fedcoins) with Bitcoin, treating them as opposites, not synonyms: https://www.hks.harvard.edu/centers/mrcbg/publications/real-target-trumps-crypto-strategy-federal-reserve

"Fedcoin" = Central Bank Digital Currency. Issued by the Fed, liability of the central bank, programmable, account freezes, centralized control.

Bitcoin = No issuer. No liability. No account freezing at protocol level. No central bank control.

Government holding Bitcoin in a strategic reserve doesn't make it a "Fedcoin" any more than Fort Knox holding gold makes gold "federal currency":

You're conflating government adoption with central bank issuance. By your logic, El Salvador's Bitcoin holdings make Bitcoin a "Salvadorcoin." Absurd.

"Fedcoin" has a specific academic definition. You don't get to redefine it to fit your narrative just because you disagree with the technology.