‪ZuckCoin part 3: ‬ ‪- where do fiat currencies used to buy ZuckCoins live? on a bank balance sheet somewhere, in a segregated account & invested in ultra safe assets. ‬ ‪- what of the credit & counterparty & invesmtent risks associated w/these fiat deposits? massive all around! ‪- ZuckCoin needs c-banks, instead of or in addition to banks, as partners. ‬ - ‪the systemic risk of 2.7 billion users with their ZuckCoin wallets (spending, investing, paying, saving, borrowing) outstrips any one bank or group of banks. - ‪the complexity of the ZuckCoin governance (basket of fiat, how managed over time, burning & issuance of Zucks) will challenge economic policy makers on monetary or fiscal matters. - ‪i was focused on the data privacy issues (duh, FB) but the macro and micro economic issued & money creation issues via banks are as important. …see more