49 min
Bitcoin, Central Bank Digital Currencies, and the Future of Money Seeds Tech Tarik
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- Technology
Bitcoin is making headlines as we are ushering into 2021. A lot has been discussed regarding the future of banks, finance, and currencies around the famous cryptocurrency. With that, came another serious proposal to the world of blockchain, the Central Bank Digital Currencies (CBDC). Much like bitcoin, CBDC's are cryptocurrencies issued by the central banks and powered by blockchain tech. For this episode, we invited Hazim, who is working in the World Bank and an MIT alumnus to discuss the future of cryptocurrencies and Decentralized Finance, the reaction of CBDC to the world, and the future of money as we speak.
We focused our questions:
1. what is the difference between currency and digital currency from the perspective of central banks?
2. bitcoin erupted from the narrative that banks and government failed to address the financial crisis of 2008. Do you think CBDC is just a reaction from bitcoin to maintain banks status or another innovation?
3. currencies are political, do you think talks such as digital yuan, the devaluation of USD, will this lead to a new cold war?
4. bitcoin has created a new economic landscape called decentralized finance. Do you think in the future there will be a dual economy, centralized and decentralized economy?
Bitcoin is making headlines as we are ushering into 2021. A lot has been discussed regarding the future of banks, finance, and currencies around the famous cryptocurrency. With that, came another serious proposal to the world of blockchain, the Central Bank Digital Currencies (CBDC). Much like bitcoin, CBDC's are cryptocurrencies issued by the central banks and powered by blockchain tech. For this episode, we invited Hazim, who is working in the World Bank and an MIT alumnus to discuss the future of cryptocurrencies and Decentralized Finance, the reaction of CBDC to the world, and the future of money as we speak.
We focused our questions:
1. what is the difference between currency and digital currency from the perspective of central banks?
2. bitcoin erupted from the narrative that banks and government failed to address the financial crisis of 2008. Do you think CBDC is just a reaction from bitcoin to maintain banks status or another innovation?
3. currencies are political, do you think talks such as digital yuan, the devaluation of USD, will this lead to a new cold war?
4. bitcoin has created a new economic landscape called decentralized finance. Do you think in the future there will be a dual economy, centralized and decentralized economy?
49 min