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michael chrisemer's avatar

it might be helpful to explain some of the tech involved in fednow--you know, distributed ledger; it has been rumored for several months that the fed has nowhere near the skilled help necessary to run this system. Rumored estimates say they won't even be close to that level of skilled workforce for several years... The millions of bad transactions at banks across the country last week would support these rumors/assertions. .....and then there are the other bugs in the software.; one can also speculate that a whole bunch of people, with an abundance of coding expertise, might soon be hacking fednow to enrich themselves. Great story; have fun with it.

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michael chrisemer's avatar

it might be helpful to explain some of the tech involved in fednow--you know, distributed ledger; it has been rumored for several months that the fed has nowhere near the skilled help necessary to run this system. Rumored estimates say they won't even be close to that level of skilled workforce for several years... The millions of bad transactions at banks across the country last week would support these rumors/assertions. .....and then there are the other bugs in the software.; one can also speculate that a whole bunch of people, with an abundance of coding expertise, might soon be hacking fednow to enrich themselves. Great story; have fun with it.

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