Fed Board reject Moore to start a cryptocurrency central bank

Author: Eamonn Sheridan | Category: Cryptocurrency

Stephen Moore missed out on being appointed to the Board of the Federal Reserve.

He has now decided to start his own central bank instead by creating a cryptocurrency:
 
"Decentral"
  • will attempt to perform Fed like duties
  • regulating the supply of crypto in the same way as the Fed controls the supply of money
  • will exchange its own new token for other cryptos
  • supply of the new cryptocurrency will be tied to the value of the dollar or some other "stable" valuation method 
  • "I'm really excited about doing this," Moore said. "I hope it makes me rich."
Info comes via Fox, link here. 

Stephen Moore missed out on being appointed to the Board of the Federal Reserve.


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