this coinslop means less bankslop which is actually an improvement, they're undoubtedly baking their "dollar" with tbills and they get to make 4 percent on every dollar transacted with no counterparty risk besides the full faith and credit of the US Government.

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margalabargala 14 hours ago | parent | next [-]

> means less bankslop which is actually an improvement

Why is the standard tied directly a single for profit company an improvement to the system that isn't tied to any specific wntity and anyone can use?

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bigyabai 14 hours ago | parent [-]

Presumably because it's really super duper convenient for the single for-profit entity that possesses an outstanding majority of the minted coinage.

Woohoo! I freaking love coinslop!

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chews 14 hours ago | parent [-]

yay for coinslop! transparent usage of currency by robots... no way is it better than a bunch of rolled up swift transfers/wires..... coinslop not routed through the bankslop rail is still an improvement.

	▲	margalabargala 14 hours ago \| parent [-]
		> no way is it better than a bunch of rolled up swift transfers/wires I non-sarcastically agree. What's wrong with same day ACH? The risk of having the money be not in a FDIC bank makes this a nonstarter.

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codezero 14 hours ago | parent | prev [-]

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