1-2 Years: A Few Thoughts on the Future of Digital Currency

The Digital Dollar This Way Comes

The Fed says it'll have a digital US dollar out within 2 years. Let's suppose they do it in a year and a half. Bitcoin and alt coins need to establish real world purpose in that time or else... 

Well, regardless, it will be very hard to combat the power of this new "stable coin." 

It's easy to imagine Bitcoin (BTC) becoming like Discover ... A bit of a joke that is accepted at some locations... with hesitation... 

Instead, if the focus becomes on Bitcoin as "Digital Gold" — a commodity simply to hold and trade because it is a finite resource — I can see potential. 

Question: what can digital gold buy that a digital dollar cannot? 

Maybe NFTs play a small role in all this ... much like few real people can buy a rare painting ...

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Fun idea (?) —

We've struggled to eliminate the physical penny. 

What if we simply do not invent a digital penny? Maybe lose the nickel as well? Round off to the nearest tenth & roll it into baked-in taxes for using a digital currency. 

Imagine the services and entitlements we can fund by collecting 1-2% of every digital transaction with USDD (U.S. Digital Dollar).

I guess you’d "create" a certain amount per year as the mint does with physical $$$. 

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Another idea —

We could link State / Federal IDs with your SSN & simply load $ directly to the card — have a slide option (like classic Visa), the newer tap, & a touchless function (there will be an app for that). 

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Seems important —

Must make sure the use physical money doesn’t become stigmatized. 

We don't want a false presumption all cash use is for illicit purposes. 

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Let's try not to live in an even more Atwood-esque dystopia. 

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