Should I recommend that Software in the Public Interest implement a monetary stack with the stated purpose of replacing the federal reserve system? We would have to publish the source code, of course, and the transaction db would need to be de-centralized so as to avoid private interests using it for their own benefit at the expense of their fellow humans. Not that that would ever happen, mittens. We’d probably experience a period of instability due to scaling issues during the learning state, say the first two to five years.
The IRS would need to be convinced that it would be a good idea, though. And I think they only listen to voters. And I don’t want to be the one responsible for convincing them. I’m not so good at exchanging paperwork with them, and they would likely get confused.
Anyway, the idea would be that after the learning state, sessions would be migrated from the Fed db at a sustainable rate. After moving the sessions off of the Fed’s current, compromised stack, the increase in tax revenues caused by removal of the current implementation’s “filters” should be more than enough to fund the maintenance of the implementation undergoing strict peer review.