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The ECASH Act (Feat. Rohan Grey)

Crypto Critics' Corner

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How to Hack a Prepaid Card or Other Phone

You would withdraw the money from your bank account. It would be the equivalent of the bank buying palets of physical currency. They would buy it with their reserves at the central bank. And that would be up loaded on to your device. That device would have some sort of trusted executing environmentr physically unclenable function. But there are two considerations. One is we would put denominational caps on these devices, maybe let ten thousand.

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