Podcasts about programmable money

Bitcoin has dominated headlines, sparked political debates, and divided opinions. Through all the noise, one fact remains: it's been one of the best-performing asset classes of the past decade—but for many, the real significance of this technology is still just starting to sink in. In this episode of Object Subject Form, Simon sits down with Valko, friend, fellow CryptoPunk, and newly appointed Chief of Staff at World Liberty Financial—a decentralized finance platform launched in 2024 to simplify access to digital assets and crypto-backed financial tools. Known for his unwavering conviction in blockchain technology, Valko has gone all in on crypto—an investment stance most financial advisors would call extreme. But what drives this level of conviction? And what lessons can be drawn from it as Bitcoin continues to outperform nearly every traditional asset class over the past decade? Together, they break down the fundamental reasons why Bitcoin and cryptocurrencies matter, why these technologies remain central to conversations about financial sovereignty and technological evolution, and how they may play a pivotal role in shaping the next decade of global economics. Whether listeners are crypto-curious or already deep in the space, this conversation offers perspective on why it's no longer a question if they should pay attention. Disclaimer: This episode was recorded prior to Valko's current role. The views expressed are his own and do not represent the views of his employer. Topics discussed are for informational purposes only and do not constitute financial advice. Always do your own research before making investment decisions. — Chapters 00:00 Bitcoin as the New Reserve Asset   01:10 Introduction 02:19 Why Bitcoin and Crypto Matter Now   04:19 Valko's All In Crypto Philosophy   06:10 Bitcoin as the Future of Digital Ownership   09:24 Ethereum, NFTs, and Programmable Money   13:14 Transparency, Trustlessness, and Privacy in Crypto   16:16 Should You Stay Anonymous in the Space?   19:22 Reputation: Online vs. Real Life   22:13 Valko's First Crypto Transactions and Early Days   25:34 CryptoPunks and the Birth of Digital Identity   31:15 Staying Informed in a Fast-Moving Space   34:36 The Political Landscape of Crypto   41:19 Is It Too Late to Get In? Advice for Newcomers   45:50 Risk Management and Building Wealth   50:10 The Rise of Meme Coins and Internet Culture   54:34 Imagining a Future of Widespread Crypto Adoption   58:30 The Impact of Crypto on Traditional Finance   1:03:10 Bitcoin, AI, and Exponential Technologies   1:05:40 CryptoPunks: Identity, Art, and Community   1:12:13 What It Means to be a voice of leadership in Crypto   1:18:01 Final Thoughts and Where to Find Valko     — Connect with Valko on X: https://x.com/valko — Specs News (On pause due to Valko's new position at World Liberty Financial): https://www.specs.news/ — World Liberty Financial: https://www.worldlibertyfinancial.com/ — @Punk6529 TAP Thread https://x.com/punk6529/status/1701623475725533524?s=46 — CryptoPunks: https://cryptopunks.app/ — Learn more about CryptoPunks on the Brand Hub: https://hub.cryptopunks.app/ — Follow CryptoPunks on X: https://x.com/cryptopunksnfts — Connect with simon: https://zaap.bio/simonclowes

On this episode of Crazy Wisdom, I'm joined by David Pope, Commissioner on the Wyoming Stable Token Commission, and Executive Director Anthony Apollo, for a wide-ranging conversation that explores the bold, nuanced effort behind Wyoming's first-of-its-kind state-issued stable token. I'm your host Stewart Alsop, and what unfolds in this dialogue is both a technical unpacking and philosophical meditation on trust, financial sovereignty, and what it means for a government to anchor itself in transparent, programmable value. We move through Anthony's path from Wall Street to Web3, the infrastructure and intention behind tokenizing real-world assets, and how the U.S. dollar's future could be shaped by state-level innovation. If you're curious to follow along with their work, everything from blockchain selection criteria to commission recordings can be found at stabletoken.wyo.gov.Check out this GPT we trained on the conversation!Timestamps00:00 – David Pope and Anthony Apollo introduce themselves, clarifying they speak personally, not for the Commission. You, Stewart, set an open tone, inviting curiosity and exploration.05:00 – Anthony shares his path from traditional finance to Ethereum and government, driven by frustration with legacy banking inefficiencies.10:00 – Tokenized bonds enter the conversation via the Spencer Dinwiddie project. Pope explains early challenges with defining “real-world assets.”15:00 – Legal limits of token ownership vs. asset title are unpacked. You question whether anything “real” has been tokenized yet.20:00 – Focus shifts to the Wyoming Stable Token: its constitutional roots and blockchain as a tool for fiat-backed stability without inflation.25:00 – Comparison with CBDCs: Apollo explains why Wyoming's token is transparent, non-programmatic, and privacy-focused.30:00 – Legislative framework: the 102% backing rule, public audits, and how rulemaking differs from law. You explore flexibility and trust.35:00 – Global positioning: how Wyoming stands apart from other states and nations in crypto policy. You highlight U.S. federalism's role.40:00 – Topics shift to velocity, peer-to-peer finance, and risk. You connect this to Urbit and decentralized systems.45:00 – Apollo unpacks the stable token's role in reinforcing dollar hegemony, even as BRICS move away from it.50:00 – Wyoming's transparency and governance as financial infrastructure. You reflect on meme coins and state legitimacy.55:00 – Discussion of Bitcoin reserves, legislative outcomes, and what's ahead. The conversation ends with vision and clarity.Key InsightsWyoming is pioneering a new model for state-level financial infrastructure. Through the creation of the Wyoming Stable Token Commission, the state is developing a fully-backed, transparent stable token that aims to function as a public utility. Unlike privately issued stablecoins, this one is mandated by law to be 102% backed by U.S. dollars and short-term treasuries, ensuring high trust and reducing systemic risk.The stable token is not just a tech innovation—it's a philosophical statement about trust. As David Pope emphasized, the transparency and auditability of blockchain-based financial instruments allow for a shift toward self-auditing systems, where trust isn't assumed but proven. In contrast to the opaque operations of legacy banking systems, the stable token is designed to be programmatically verifiable.Tokenized real-world assets are coming, but we're not there yet. Anthony Apollo and David Pope clarify that most "real-world assets" currently tokenized are actually equity or debt instruments that represent ownership structures, not the assets themselves. The next leap will involve making the token itself the title, enabling true fractional ownership of physical or financial assets without intermediary entities.This initiative strengthens the U.S. dollar rather than undermining it. By creating a transparent, efficient vehicle for global dollar transactions, the Wyoming Stable Token could bolster the dollar's role in international finance. Instead of competing with the dollar, it reinforces its utility in an increasingly digital economy—offering a compelling alternative to central bank digital currencies that raise concerns around surveillance and control.Stable tokens have the potential to become major holders of U.S. debt. Anthony Apollo points out that the aggregate of all fiat-backed stable tokens already represents a top-tier holder of U.S. treasuries. As adoption grows, state-run stable tokens could play a crucial role in sovereign debt markets, filling gaps left by foreign governments divesting from U.S. securities.Public accountability is central to Wyoming's approach. Unlike private entities that can change terms at will, the Wyoming Commission is legally bound to go through a public rulemaking process for any adjustments. This radical transparency offers both stability and public trust, setting a precedent for how digital public infrastructure can be governed.The ultimate goal is to build a bridge between traditional finance and the Web3 future. Rather than burn the old system down, Pope and Apollo are designing the stable token as a pragmatic transition layer—something institutions can trust and privacy advocates can respect. It's about enabling safe experimentation and gradual transformation, not triggering collapse.

Circle CEO Jeremy Allaire sees tokenized money as the key to transforming global commerce, offering faster, cheaper cross-border transactions and the potential to unlock new financial opportunities. In this special Davos edition of CNBC's Beyond the Valley, Allaire joins senior technology correspondent Arjun Kharpal to discuss how stablecoins like USDC are creating a new financial ecosystem, enabling programmable money and disrupting traditional banking systems. Allaire also explores how blockchain infrastructure can empower developers to build decentralized applications and how a future of tokenized assets could reshape industries globally, making global markets more accessible and efficient.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

If you are looking for some entertaining Christmas presents, we have some celebratory “One of the 17 Million” Brexit mugs, my new album and other goodies for sale in the Dominic Frisby Shop. Take a look. Something positive for you this Sunday morning - and why we should be grateful for government incompetenceThe idea of Central Bank Digital Currencies (CBDCs), money that governments and their planners will be able to programme, rightly fills many of us with an Orwellian sense of dread.“Did you not have the vaccine? Oh, well then you don't qualify for the next payment.”“Have you been saying wrong things on social media? Then you don't get the good loan rates.”“We suspect that you might not have paid the right rate of tax, therefore we are deducting what we think you owe and it's up to you to prove otherwise. You want the money back? Please hold …. Your call is important to us.”CBDCs allow for almost unimaginable interference in our lives, intrusions on our privacy and liberty, never mind meddling in the economy. Chinese social credit scores would be just the start of it.When you combine the instincts of, say, the current Labour administration to intervene, together with its incompetence, the ramifications are truly horrifying.Some say CBDCs are inevitable. Technology is destiny and all that. I'm a bit more optimistic. Hete's why.CBDCs have been piloted in numerous countries and fully implemented in:* The Bahamas - the "Sand Dollar"* Nigeria - the "eNaira"* Jamaica - "JAM-DEX"* The Eastern Caribbean Currency UnionNowhere has got them to work. The Bahamas is generally touted as the CBDC success story. My buddy, Dave Skarica, who lives there says, “LOL. I have never seen one person use it.”Why have they failed? People don't use them. When they do use them, they don't work. People prefer the legacy systems they know.CBDCs are yet another government IT project that is doomed to fail.If you are thinking of buying gold to protect yourself in these uncertain times, I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.You might say the internet was a government IT project. It was . The U.S. government - via ARPA and later DARPA - provided crucial funding that led to the development of key protocols like TCP/IP. But the Internet succeeded because of the immense infrastructure that millions of people, mostly working in their own self-interest, since built over many decades on top of it.Our modern system of debt-based fiat money should long since have imploded under the weight of all the abuse and debasement successive governments have heaped upon it. But it has survived, indeed thrived as a medium of exchange, albeit a terrible store of wealth, because of the incredible fintech architecture that has been built on top of it, again by millions of people over many decades mostly acting in their own self-interest. That architecture is probably what has saved the system. Fiat money is just promissory - worse than that it is a promise of something that isn't even there - but the incredible advances in communication technology that we have seen in the last 150 years - telecommunications, digital technology and all the rest of it - have all enabled the sending and recording of those promises. The fortunes that have been invested have all helped the system evolve and indeed preserved it.Fiat money worked as countries gradually abandoned gold standards over the course of the 20th century because they were the only currencies citizens knew. The payment and saving infrastructure was already built and normalised. The coins and notes and cheques and bank accounts all functioned perfectly well, and there were no alternatives. The removal of the gold backing did not really impact the overall architecture.Government currencies worked in the first place because they were based on gold and silver, which everybody already used and instinctively knew had value. When they weren't debasing their money, rulers, or those working for them, often actually improved the system: coinage, for example, certified the amount of precious metal in a coin and the ruler's stamp legitimised it. Money was based on something people already knew and used and understood. Not so CBDCs. They have no existing infrastructure around them, nor is their use normal. Governments will not be able to design anything decent. They will need the private sector to do that, and this will take many years, perhaps decades before it gets as good as the infrastructure around existing payment systems. It would also take many years and lots of nudges for people to change habitsThe private sector is not going to invest the required amount of money in payment systems if people are not going to use it, so you will end up with a situation, a bit like green energy, where governments will have to spend billions subsidising it in order to make it work, but the actual energy you get is not as good as that provided by fossil fuels: unreliable, more expensive and more damaging to the environment. There will not be the same green arguments - 10 years to save the planet and all that - to justify the spending. The scope for corruption and crony capitalism will be enormous. Again.You really should subscribe.None of this will stop governments trying it, of course. Citizens might slowly start to use the system, particularly if they get free handouts, but it will be a long time before CBDCs reach a level where they compete with existing payment systems. At this point fiat money as we now know it probably won't exist anyway. We tend to forget, but most nations as we currently know them are only about 200 years old. Many won't exist in 50 or 100 years time. They'll go bankrupt and break apart. What will happen to their money?There is the possibility of demanding that taxes are paid in CBDCs, I suppose, but again this opens up so much scope for outcry, waste and inefficiency, I just can't see it working.People within the blob look at bitcoin and admire it and think they can copy it, but even bitcoin is what it is, not so much because of Satoshi Nakamoto's genius invention, but because of the way hundreds of thousands of people in the free market embraced it and built on top of it. The reason they did was, again, self-interest: the value of bitcoin kept going up. Every bit of bitcoin fintech, every podcast, every tweet - every transaction. They all help the bitcoin price. It's a colossal open-source contribution and movement. There is not the same incentive with CBDCs. Their value is never going to go up. Quite the opposite. Their value will fall as governments issue more and more of them. There is not the same incentive.To have any chance of working, CBDCs will require billions and billions of subsidy. Most governments do not have the resources. They are already bankrupt. They will struggle to justify the expense. Health or welfare or pensions or something will be deemed more important. Plus they will meet with huge resistance from the freedom-fighters and possibly even the media .None of this will stop them trying of course. But on this issue at least you can sleep soundly. CBDCs are one Orwellian nightmare that is not going to work. They will end up yet another failed government IT project.All ye from the future look back on this ‘ere prescient article and marvel at my foresight.If you are interested in this subject, take a look at my song, Programmable Money.Tell your friends about this amazing article.A reminder about those mugs, my album and other fun Christmas presents - all for sale in the Dominic Frisby Shop. Take a look. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

If you are looking for some entertaining Christmas presents, we have some celebratory “One of the 17 Million” Brexit mugs, my new album and other goodies for sale in the Dominic Frisby Shop. Take a look. Something positive for you this Sunday morning - and why we should be grateful for government incompetenceThe idea of Central Bank Digital Currencies (CBDCs), money that governments and their planners will be able to programme, rightly fills many of us with an Orwellian sense of dread.“Did you not have the vaccine? Oh, well then you don't qualify for the next payment.”“Have you been saying wrong things on social media? Then you don't get the good loan rates.”“We suspect that you might not have paid the right rate of tax, therefore we are deducting what we think you owe and it's up to you to prove otherwise. You want the money back? Please hold …. Your call is important to us.”CBDCs allow for almost unimaginable interference in our lives, intrusions on our privacy and liberty, never mind meddling in the economy. Chinese social credit scores would be just the start of it.When you combine the instincts of, say, the current Labour administration to intervene, together with its incompetence, the ramifications are truly horrifying.Some say CBDCs are inevitable. Technology is destiny and all that. I'm a bit more optimistic. Hete's why.CBDCs have been piloted in numerous countries and fully implemented in:* The Bahamas - the "Sand Dollar"* Nigeria - the "eNaira"* Jamaica - "JAM-DEX"* The Eastern Caribbean Currency UnionNowhere has got them to work. The Bahamas is generally touted as the CBDC success story. My buddy, Dave Skarica, who lives there says, “LOL. I have never seen one person use it.”Why have they failed? People don't use them. When they do use them, they don't work. People prefer the legacy systems they know.CBDCs are yet another government IT project that is doomed to fail.If you are thinking of buying gold to protect yourself in these uncertain times, I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.You might say the internet was a government IT project. It was . The U.S. government - via ARPA and later DARPA - provided crucial funding that led to the development of key protocols like TCP/IP. But the Internet succeeded because of the immense infrastructure that millions of people, mostly working in their own self-interest, since built over many decades on top of it.Our modern system of debt-based fiat money should long since have imploded under the weight of all the abuse and debasement successive governments have heaped upon it. But it has survived, indeed thrived as a medium of exchange, albeit a terrible store of wealth, because of the incredible fintech architecture that has been built on top of it, again by millions of people over many decades mostly acting in their own self-interest. That architecture is probably what has saved the system. Fiat money is just promissory - worse than that it is a promise of something that isn't even there - but the incredible advances in communication technology that we have seen in the last 150 years - telecommunications, digital technology and all the rest of it - have all enabled the sending and recording of those promises. The fortunes that have been invested have all helped the system evolve and indeed preserved it.Fiat money worked as countries gradually abandoned gold standards over the course of the 20th century because they were the only currencies citizens knew. The payment and saving infrastructure was already built and normalised. The coins and notes and cheques and bank accounts all functioned perfectly well, and there were no alternatives. The removal of the gold backing did not really impact the overall architecture.Government currencies worked in the first place because they were based on gold and silver, which everybody already used and instinctively knew had value. When they weren't debasing their money, rulers, or those working for them, often actually improved the system: coinage, for example, certified the amount of precious metal in a coin and the ruler's stamp legitimised it. Money was based on something people already knew and used and understood. Not so CBDCs. They have no existing infrastructure around them, nor is their use normal. Governments will not be able to design anything decent. They will need the private sector to do that, and this will take many years, perhaps decades before it gets as good as the infrastructure around existing payment systems. It would also take many years and lots of nudges for people to change habitsThe private sector is not going to invest the required amount of money in payment systems if people are not going to use it, so you will end up with a situation, a bit like green energy, where governments will have to spend billions subsidising it in order to make it work, but the actual energy you get is not as good as that provided by fossil fuels: unreliable, more expensive and more damaging to the environment. There will not be the same green arguments - 10 years to save the planet and all that - to justify the spending. The scope for corruption and crony capitalism will be enormous. Again.You really should subscribe.None of this will stop governments trying it, of course. Citizens might slowly start to use the system, particularly if they get free handouts, but it will be a long time before CBDCs reach a level where they compete with existing payment systems. At this point fiat money as we now know it probably won't exist anyway. We tend to forget, but most nations as we currently know them are only about 200 years old. Many won't exist in 50 or 100 years time. They'll go bankrupt and break apart. What will happen to their money?There is the possibility of demanding that taxes are paid in CBDCs, I suppose, but again this opens up so much scope for outcry, waste and inefficiency, I just can't see it working.People within the blob look at bitcoin and admire it and think they can copy it, but even bitcoin is what it is, not so much because of Satoshi Nakamoto's genius invention, but because of the way hundreds of thousands of people in the free market embraced it and built on top of it. The reason they did was, again, self-interest: the value of bitcoin kept going up. Every bit of bitcoin fintech, every podcast, every tweet - every transaction. They all help the bitcoin price. It's a colossal open-source contribution and movement. There is not the same incentive with CBDCs. Their value is never going to go up. Quite the opposite. Their value will fall as governments issue more and more of them. There is not the same incentive.To have any chance of working, CBDCs will require billions and billions of subsidy. Most governments do not have the resources. They are already bankrupt. They will struggle to justify the expense. Health or welfare or pensions or something will be deemed more important. Plus they will meet with huge resistance from the freedom-fighters and possibly even the media .None of this will stop them trying of course. But on this issue at least you can sleep soundly. CBDCs are one Orwellian nightmare that is not going to work. They will end up yet another failed government IT project.All ye from the future look back on this ‘ere prescient article and marvel at my foresight.If you are interested in this subject, take a look at my song, Programmable Money.Tell your friends about this amazing article.A reminder about those mugs, my album and other fun Christmas presents - all for sale in the Dominic Frisby Shop. Take a look. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Something a little different for you today.I am speaking at the Battle of Ideas this weekend on three rather different matters:* Immigration and Demographics* Who Is the World's Greatest Comic?* Why Cash Keeps Us FreeDo come. You can get tickets here. With this years Battle in mind, the Academy of Ideas asked me to write one of its Letters on Liberty. Here it is for your reading or listening pleasure. (There is a PDF version here).It begins with this note from the Academy.What are Letters on Liberty?It's not always easy to defend freedom. Public life may have been locked down recently, but it has been in bad health for some time.Open debate has been suffocated by today's censorious climate and there is little cultural support for freedom as a foundational value. What we need is rowdy, good-natured disagreement and people prepared to experiment with what freedom might mean today.We stand on the shoulders of giants, but we shouldn't be complacent. We can't simply rely on the thinkers of the past to work out what liberty means today, and how to argue for it.Drawing on the tradition of radical pamphlets from the seventeenth century onwards - designed to be argued over in the pub as much as parliament - Letters on Liberty promises to make you think twice. Each letter stakes a claim for how to forge a freer society in the here and now.We hope that, armed with these Letters, you take on the challenge of fighting for liberty. Academy of Ideas teamWhy Cash Keeps Us Free by Dominic FrisbyGive most people the choice of living and working anywhere in the world, I bet the large majority would choose the US. For all its many shortcomings, it's still the land of opportunity. It's exciting, it's dynamic. Wonderful things can happen there. In terms of tech, with Silicon Valley and all the ensuing social media and ecommerce, it is very much the world leader. And yet, Americans still use cheques.When was the last time you used a cheque in Europe? Donkey's years ago. As much as 5 per cent of all financial transactions in the US last year were by cheque. For all its modernity, the US is - in terms of fintech - a good 10 years behind Europe or Australia. Not only do they use cheques, but people in the US still go out with cash in their pockets. Bunch of luddites.However, things are slowly changing, and the US is following the rest of the developed word to cashlessness. It is inevitable, I'm afraid. Technology is destiny.It's also a great shame. Cash empowers its usersWhen I pay you in cash, nobody else gets in on the transaction - it's a direct transfer from me to you. No grubby middlemen can cream off their percentage. No prying eyes of the state can monitor what we do. Big Tech can't glean information from the exchange, to be used at some later stage to sell you stuff or, worse, report back to Big Brother, Big Insurance or whichever Big wants in on your data. Nobody can stop you making the transaction. With cash, you can buy and sell and store your wealth outside of the financial system, if you so choose. There are plenty of reasons, both practical and moral, to do this.Cash means control. Just take the recent de-banking scandals from Canada to the UK, where truckers had their fundraised money withheld because of their views on lockdown, and a UK politician was kicked out of Coutts for holding the wrong opinions. Both the Canadian truckers and their families, and Nigel Farage, had one thing in common – they held views outside of the liberal mainstream. And because their money wasn't under their mattresses but in banks and websites, they lost control of their own cash.Indeed, instability is nothing new. We are repeatedly told how, in 2008, we were ‘on the brink', how close the system was to imploding. Surely, then, it makes practical sense to keep money outside of the system? When Cyprus' banks teetered on the cliff of financial disaster in 2011, there were bail-ins. Ordinary people's money, sitting in deposit accounts, was sequestered to save the system. If your life savings were threatened with confiscation to bail out an organisation you considered profligate, I imagine you too would want little part of it.What you do with your money says more about you than what you say  - no wonder so many want access to this information.Indeed, the former governor of the Bank of England, Mervyn King, has admitted that banking is not fixed - and we will see financial panic again. It makes sense to hoard some cash, if only as emergency money.In 2016, the Japanese central bank imposed negative rates to try to goad people into spending rather than saving, as the ageing Japanese are prone to do. The spectre of being charged a fee to keep your money in the bank loomed, and so much cash was then withdrawn that the country sold out of safes. Who can blame the Japanese? In Germany, Denmark and Switzerland, some high-net-worth individuals with more than 100,000 euros were charged for being wealthy. There was plenty of talk of confiscation and bail-ins during the financial panic that came with Covid, though fortunately it proved to only be talk. Nevertheless, when in the bank, your money can become a tool of government. How often do you support what your government is doing? Not that often, I imagine. People don't seem to realise this, but when you deposit money in the bank, you are actually lending it to the bank. The bank, under government orders, can then decide who you can and can't send money to (anyone tried sending money from a UK bank to a bitcoin exchange recently? Most banks won't allow you to). The bank can certainly monitor and then disclose what you do with your money. In times of financial panic, it is within the bank's power to confiscate money, again, on government orders. Cash protects you against all of this. It enables you not to play the game - if you don't want to.What you do with your money says so much about you - no wonder so many want access to this information. From the apparently benign (we can see what books you have bought, and so can suggest other books you might like) to the sinister (we can see what books you have bought, and therefore now have you marked down as a problem). When I was at university, a rumour circulated that various organisations monitored who took which books out of the library. Anyone who borrowed Mein Kampf went on a list as potential spy material - I'm not sure on who's side.These are all, in my view, quite legitimate reasons to want to keep money outside of the system. I'm not saying we should take all of our money out of the bank, but that we should all have the option to do so. It's our money, not the banks'. We need cash because it is private.Privacy - and why it matters‘Who are you? Why do you hide in the darkness and listen to my private thoughts?' - William ShakespeareIt's so obvious why we all need some privacy in the real world that it almost doesn't need explaining. Yet, in the digital world, so many of us don't realise just how much of our privacy we are giving away. On a daily basis, we sacrifice privacy for convenience. Different people know different things about you. You might supply your doctor with information you wouldn't give your taxi driver, but your taxi driver knows where you are going - and your doctor might not. You might supply your lover with information you wouldn't give your lawyer. Then again, you might tell your lawyer something you wouldn't tell your lover. The difference is, information you supply online - what you say, read, watch, share, buy or sell - can be used for purposes beyond those for which it was supplied.Information is taken, without you realising that you are granting permission, and is used to shape your behaviour.How often has this happened to you? I was talking to my daughter on the landing outside my bedroom about a trip I was planning. I said, ‘should I bring my Timberlands or my hiking boots?' She said ‘your Timberlands'. I said that they were a bit old. I got into bed, looked at my phone, and Amazon was flogging me Timberlands. Your phone is listening - accumulating information with which you did not deliberately supply it.It's not all bad - often that information might be used advantageously. I'm a huge Game of Thrones fan but I only discovered the books all those years ago because Amazon recommended them. YouTube frequently suggests videos to me that I'm interested in, which I might not otherwise have found. Nevertheless, information is taken, without you realising that you are granting permission, and is used to shape your behaviour and influence the decisions you make. The same data mining is taking place every time you use your credit card, or Apple Pay. It is used to determine the content you receive, to sell things to you, to make decisions about you - the loan, insurance, job or the opportunities you are offered. It is used to influence the political decisions you make. And all this information could be stolen. In the wrong hands, it could be used against you in some way. It can and is being used to spy on you.With financial transactions in the online world, you have little idea what information about you is being used, how it is being used or by whom. You have little say in its use - no ability to object nor power to amend that information. You have no control. There are no such concerns when using cash.You have nothing to hide‘If you've done nothing wrong, you've got nothing to hide' is the common argument against worrying about privacy. But if you are exploring new ideas - dangerous ideas, ideas that go against the orthodoxy, perhaps investigating the concept that the world might not be flat and is in fact round - do you really want some hidden power knowing what you are up to? The effect of this threat of intrusion is to censor free thought - to censor your inquisitiveness.One solution is to become a drone, to not do anything experimental or anything wrong. Perhaps that's what they - whoever they are - want. Gmail reads the emails you draft but decide not to send. Effectively it knows what you thought, but decided not to say. How dark is that?A better solution is to protect privacy - to limit the scope that others have to use our information beyond the purpose for which it was supplied. It allows us to have greater control over our online reputation and enables us to grow and mature without being shackled by foolish things we might have said or done in the past. It enables us to explore new ideas outside the mainstream, without fear of being watched. Those that know about us have power over us. Protecting privacy limits that power. Cash is key to this.But, of course, protecting privacy costs money. The internet is, mostly, free. Protecting your privacy takes effort. If you protect your privacy, you lose all the benefits that your phone and computer knowing a bit about you brings, from saved passwords to helpful book recommendations.This is the dilemma we all face, and most choose convenience without even realising it. This, above all, is why the world is going cashless. It's more convenient to pay with your phone, or with a card, than it is to carry cash. In the marketplace, convenience always wins.Mobile phones and the naysayersHere's a little story for you. By 2023, some 85 per cent of the global population - 6.8 billion people - had a smart phone. That's more people than have a toilet. Yet, at its peak in 2008, there were 1.3 billion landlines for a global population near 7 billion. Why did the mobile, and then the smartphone, succeed where the landline failed?Yes, superior wireless technology made widespread coverage more possible. But there is another, simpler reason: to get a landline, you need a bank account. When more than half of the world's population is ‘unbanked', as it was in 2008, without access to basic financial services, telecoms companies saw no potential custom. Those companies would have built lines in the Arctic circle if there was profit to be made by it, but there wasn't. Too many people were financially excluded. The infrastructure was never built, and people were left with fewer possibilities to communicate. A mobile, on the other hand, you can buy with cash. You don't need to be banked. The financial system was a barrier to progress for the world's poor. Cash is a facilitator for them - it means total financial inclusion, a luxury the better off take for granted. Without financial inclusion - and there will always be some that, for whatever reason, often some bureaucratic quirk, won't have it - you are trapped in poverty. Beware the war on cash.The irony is that the smartphone now facilitates financial inclusion, whether via traditional finance (banking etc) or modern alternatives - the likes of the African mPesa (a widely used currency based on airtime) or bitcoin and other crypto currencies.Handy cashCash still has its uses for small transactions - a chocolate bar, a newspaper or a pint of milk. It will always be the fastest form of payment there is - think of the change you might put in a busker's hat or the bucket of someone collecting money for charity. It is also the most direct payment there is.For many people not at the top end of the economic scale, cash is still king. For example, I like to tip waiters in cash, knowing they will receive that money without it being syphoned off by some unscrupulous employer. I like to shop in markets, where new businesses often start out. Cash is widespread - it's fast, it's cheap. I can buy directly from the producer knowing they will receive all the money, without middlemen shaving off their percentages. Goodness knows it's hard enough for new, small businesses as it is.A quick look at a recent British Retail Consortium report shows that, surprisingly, cash remains the least costly payment method to process. I want to maximise new businesses profits where I can. Many new businesses starting out need the cash economy. Small businesses need it. The financially excluded need the cash economy. The war on cash is a war on them. Cash also has its uses for private transactions, for which there are many - and by no means are all of them illegal. But if you listen to the scaremongering, you'd start to think that all cash users are either criminals, tax-evaders or terrorists. Sure, some use cash to evade tax, but it's paltry compared to the tax avoidance schemes multi-national corporations employ. Starbucks doesn't use cash to avoid tax, it's all done via legislative means.I have a confession to make - even I, with my highfalutin principles, no longer carry cash, guilty though it may make me feel.A quick poll of my Twitter followers showed that 36 per cent no longer carry any cash when they go out. This is also a generational thing. The number of no-cash-users is much higher among the under-30s. I have four kids between the ages of 18 and 23, none of them carry cash. Nor do their friends. It's the older (wiser?) generation who still carry cash, even if only as emergency money. The problem is, cash is like playing records, when the rest of the world is on Spotify.Use of cash fell quite dramatically with Covid, but it still accounts for 14% of all retail payments in the UK, according to a 2023 House of Commons paper. Projections are that, by 2031, this number will fall to 6%. (Obviously, if you include other payments the proportion is much lower.)In mainland Europe, the use of cash is higher at around 20% of all retail transactions. Germany, Italy and Spain are still at 35-50% cash, while the Nordic countries are below 10 per cent. In the US, the number is in the 20-25% region. But the trend is very much down. But here I have a confession to make - even I, with my highfalutin principles, no longer carry cash, guilty though it may make me feel. The truth is, cash is dying. The convenience of fintech is killing it. Money is now almost entirely digital.Bitcoin and digital cashTech might have doomed cash, but it is also coming to the rescue in the form of bitcoin and other crypto currencies. Bitcoin itself was invented to be a digital replication of the cash process. A can send money directly to B without there having to be any middleman to process the transaction. Bitcoin is cash for the internet.Among the many breakthroughs which got people so excited about this new technology was that Satoshi Nakamoto's blockchain solved the problem of ‘double spending' - making sure you can't spend the same money twice - without having to use third parties such as banks to process the transaction. There is now a plethora of copycat currencies, with many of them focused on privacy in order to make their usage anonymous.At the other end of the scale, we have central bank digital currencies - CBDCs. These have been piloted in various countries around the world and, fortunately, nowhere has really got them to work. They have been met with neither trust nor understanding, and in many cases the tech has fallen short. In Nigeria and the Eastern Caribbean, they went beyond the pilot phase and have been out and out failures. Even in the Bahamas, the one place where a CBDC is said to have worked, adoption has been much lower than hoped. I asked my friend who lives there how successful it had been. He gave me this reply: ‘LOL. I have never seen one person use it.'Fortunately, government incompetence is on our side.Money has always been a bottom-up technology. Users prefer what is convenient. The fiat currency we use in the West today has evolved over many hundreds of years, especially as communication technology has developed. All you are doing when you make a payment is, effectively, sending a promise - the money itself does not exist. There is no gold or anything tangible backing it.Cash is slightly different, because you are handing over something physical. But read what's on that piece of paper - it's just another promise. Once upon a time, you might have been able to swap a 10-pound note for 10 pounds of sterling silver (not quite true as silver was abandoned before paper money became widespread) or 10 gold sovereigns (true). But today, all it says is ‘I promise to pay the bearer the sum of 10 pounds' - it is a promise of nothing. How the whole house of cards doesn't come tumbling down is beyond me, but there you go.Many central banks want to make the transition to CBDCs, despite zero democratic mandate. The planners want it because it then allows for money to become even more of a tool of government policy: whether it be monetary policy, taxation, welfare, surveillance or control. Fortunately, government incompetence is on our side. The history of government IT is so bad, it's unlikely any will succeed, thank goodness, especially not in countries with large populations. Heck, they can't even fix the potholes! But that's not to say they won't try. Always end on a song That's an old show-business maxim. Why don't we do just that?‘Programmable Money', a song I wrote last year about CBDCs, summarises everything there is to be worried about. Enjoy!If you liked this song, you should sign up for my comedy newsletter.Lyrics C - B - D - C. C - B - D - CProgrammable money. Programmable money.We'll monitor every purchase you make,Every transaction or decision you take.If you're not doing wrong, what is there to hide?How you spend money is for us to decide.Your social-credit rating, how do you score?If you're compliant you will get your reward.You may only own what we deem you can own.If you don't register, we'll block your phone.Wait! You'll be late for the expiry date.The state has mandated your money terminatesSo spend, speculate before it's confiscatedThis is what we're going to orchestrateNo more savingProgrammable money. Programmable money.C - B - D - CC - B - D - CYour money's now a tool of policy.You will be living in a smart city.You may only travel in a limited range.Energy and meat rations cos, climate change.We'll take your dough if we think it's owed.No matter if you do not think it's so.Taxes and fines, fares, fees of all kinds.All embedded in the lines of code.Hail Big BrotherProgrammable money. Programmable money.C - B - D - CC - B - D - CTears of the sun, fallen from heaven.Empires fall. Radiant droplets everlasting.We will implant you with a microchip,AI and other forms of censorship.We will decide what is good for you.Total control there's nothing you can do.Bitcoin fixes this!From here.Here's a PDF of today's piece.Finally, here are some videos I made of recent articles, for your viewing pleasure. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Something a little different for you today.I am speaking at the Battle of Ideas this weekend on three rather different matters:* Immigration and Demographics* Who Is the World's Greatest Comic?* Why Cash Keeps Us FreeDo come. You can get tickets here. With this years Battle in mind, the Academy of Ideas asked me to write one of its Letters on Liberty. Here it is for your reading or listening pleasure. (There is a PDF version here).It begins with this note from the Academy.What are Letters on Liberty?It's not always easy to defend freedom. Public life may have been locked down recently, but it has been in bad health for some time.Open debate has been suffocated by today's censorious climate and there is little cultural support for freedom as a foundational value. What we need is rowdy, good-natured disagreement and people prepared to experiment with what freedom might mean today.We stand on the shoulders of giants, but we shouldn't be complacent. We can't simply rely on the thinkers of the past to work out what liberty means today, and how to argue for it.Drawing on the tradition of radical pamphlets from the seventeenth century onwards - designed to be argued over in the pub as much as parliament - Letters on Liberty promises to make you think twice. Each letter stakes a claim for how to forge a freer society in the here and now.We hope that, armed with these Letters, you take on the challenge of fighting for liberty. Academy of Ideas teamWhy Cash Keeps Us Free by Dominic FrisbyGive most people the choice of living and working anywhere in the world, I bet the large majority would choose the US. For all its many shortcomings, it's still the land of opportunity. It's exciting, it's dynamic. Wonderful things can happen there. In terms of tech, with Silicon Valley and all the ensuing social media and ecommerce, it is very much the world leader. And yet, Americans still use cheques.When was the last time you used a cheque in Europe? Donkey's years ago. As much as 5 per cent of all financial transactions in the US last year were by cheque. For all its modernity, the US is - in terms of fintech - a good 10 years behind Europe or Australia. Not only do they use cheques, but people in the US still go out with cash in their pockets. Bunch of luddites.However, things are slowly changing, and the US is following the rest of the developed word to cashlessness. It is inevitable, I'm afraid. Technology is destiny.It's also a great shame. Cash empowers its usersWhen I pay you in cash, nobody else gets in on the transaction - it's a direct transfer from me to you. No grubby middlemen can cream off their percentage. No prying eyes of the state can monitor what we do. Big Tech can't glean information from the exchange, to be used at some later stage to sell you stuff or, worse, report back to Big Brother, Big Insurance or whichever Big wants in on your data. Nobody can stop you making the transaction. With cash, you can buy and sell and store your wealth outside of the financial system, if you so choose. There are plenty of reasons, both practical and moral, to do this.Cash means control. Just take the recent de-banking scandals from Canada to the UK, where truckers had their fundraised money withheld because of their views on lockdown, and a UK politician was kicked out of Coutts for holding the wrong opinions. Both the Canadian truckers and their families, and Nigel Farage, had one thing in common – they held views outside of the liberal mainstream. And because their money wasn't under their mattresses but in banks and websites, they lost control of their own cash.Indeed, instability is nothing new. We are repeatedly told how, in 2008, we were ‘on the brink', how close the system was to imploding. Surely, then, it makes practical sense to keep money outside of the system? When Cyprus' banks teetered on the cliff of financial disaster in 2011, there were bail-ins. Ordinary people's money, sitting in deposit accounts, was sequestered to save the system. If your life savings were threatened with confiscation to bail out an organisation you considered profligate, I imagine you too would want little part of it.What you do with your money says more about you than what you say  - no wonder so many want access to this information.Indeed, the former governor of the Bank of England, Mervyn King, has admitted that banking is not fixed - and we will see financial panic again. It makes sense to hoard some cash, if only as emergency money.In 2016, the Japanese central bank imposed negative rates to try to goad people into spending rather than saving, as the ageing Japanese are prone to do. The spectre of being charged a fee to keep your money in the bank loomed, and so much cash was then withdrawn that the country sold out of safes. Who can blame the Japanese? In Germany, Denmark and Switzerland, some high-net-worth individuals with more than 100,000 euros were charged for being wealthy. There was plenty of talk of confiscation and bail-ins during the financial panic that came with Covid, though fortunately it proved to only be talk. Nevertheless, when in the bank, your money can become a tool of government. How often do you support what your government is doing? Not that often, I imagine. People don't seem to realise this, but when you deposit money in the bank, you are actually lending it to the bank. The bank, under government orders, can then decide who you can and can't send money to (anyone tried sending money from a UK bank to a bitcoin exchange recently? Most banks won't allow you to). The bank can certainly monitor and then disclose what you do with your money. In times of financial panic, it is within the bank's power to confiscate money, again, on government orders. Cash protects you against all of this. It enables you not to play the game - if you don't want to.What you do with your money says so much about you - no wonder so many want access to this information. From the apparently benign (we can see what books you have bought, and so can suggest other books you might like) to the sinister (we can see what books you have bought, and therefore now have you marked down as a problem). When I was at university, a rumour circulated that various organisations monitored who took which books out of the library. Anyone who borrowed Mein Kampf went on a list as potential spy material - I'm not sure on who's side.These are all, in my view, quite legitimate reasons to want to keep money outside of the system. I'm not saying we should take all of our money out of the bank, but that we should all have the option to do so. It's our money, not the banks'. We need cash because it is private.Privacy - and why it matters‘Who are you? Why do you hide in the darkness and listen to my private thoughts?' - William ShakespeareIt's so obvious why we all need some privacy in the real world that it almost doesn't need explaining. Yet, in the digital world, so many of us don't realise just how much of our privacy we are giving away. On a daily basis, we sacrifice privacy for convenience. Different people know different things about you. You might supply your doctor with information you wouldn't give your taxi driver, but your taxi driver knows where you are going - and your doctor might not. You might supply your lover with information you wouldn't give your lawyer. Then again, you might tell your lawyer something you wouldn't tell your lover. The difference is, information you supply online - what you say, read, watch, share, buy or sell - can be used for purposes beyond those for which it was supplied.Information is taken, without you realising that you are granting permission, and is used to shape your behaviour.How often has this happened to you? I was talking to my daughter on the landing outside my bedroom about a trip I was planning. I said, ‘should I bring my Timberlands or my hiking boots?' She said ‘your Timberlands'. I said that they were a bit old. I got into bed, looked at my phone, and Amazon was flogging me Timberlands. Your phone is listening - accumulating information with which you did not deliberately supply it.It's not all bad - often that information might be used advantageously. I'm a huge Game of Thrones fan but I only discovered the books all those years ago because Amazon recommended them. YouTube frequently suggests videos to me that I'm interested in, which I might not otherwise have found. Nevertheless, information is taken, without you realising that you are granting permission, and is used to shape your behaviour and influence the decisions you make. The same data mining is taking place every time you use your credit card, or Apple Pay. It is used to determine the content you receive, to sell things to you, to make decisions about you - the loan, insurance, job or the opportunities you are offered. It is used to influence the political decisions you make. And all this information could be stolen. In the wrong hands, it could be used against you in some way. It can and is being used to spy on you.With financial transactions in the online world, you have little idea what information about you is being used, how it is being used or by whom. You have little say in its use - no ability to object nor power to amend that information. You have no control. There are no such concerns when using cash.You have nothing to hide‘If you've done nothing wrong, you've got nothing to hide' is the common argument against worrying about privacy. But if you are exploring new ideas - dangerous ideas, ideas that go against the orthodoxy, perhaps investigating the concept that the world might not be flat and is in fact round - do you really want some hidden power knowing what you are up to? The effect of this threat of intrusion is to censor free thought - to censor your inquisitiveness.One solution is to become a drone, to not do anything experimental or anything wrong. Perhaps that's what they - whoever they are - want. Gmail reads the emails you draft but decide not to send. Effectively it knows what you thought, but decided not to say. How dark is that?A better solution is to protect privacy - to limit the scope that others have to use our information beyond the purpose for which it was supplied. It allows us to have greater control over our online reputation and enables us to grow and mature without being shackled by foolish things we might have said or done in the past. It enables us to explore new ideas outside the mainstream, without fear of being watched. Those that know about us have power over us. Protecting privacy limits that power. Cash is key to this.But, of course, protecting privacy costs money. The internet is, mostly, free. Protecting your privacy takes effort. If you protect your privacy, you lose all the benefits that your phone and computer knowing a bit about you brings, from saved passwords to helpful book recommendations.This is the dilemma we all face, and most choose convenience without even realising it. This, above all, is why the world is going cashless. It's more convenient to pay with your phone, or with a card, than it is to carry cash. In the marketplace, convenience always wins.Mobile phones and the naysayersHere's a little story for you. By 2023, some 85 per cent of the global population - 6.8 billion people - had a smart phone. That's more people than have a toilet. Yet, at its peak in 2008, there were 1.3 billion landlines for a global population near 7 billion. Why did the mobile, and then the smartphone, succeed where the landline failed?Yes, superior wireless technology made widespread coverage more possible. But there is another, simpler reason: to get a landline, you need a bank account. When more than half of the world's population is ‘unbanked', as it was in 2008, without access to basic financial services, telecoms companies saw no potential custom. Those companies would have built lines in the Arctic circle if there was profit to be made by it, but there wasn't. Too many people were financially excluded. The infrastructure was never built, and people were left with fewer possibilities to communicate. A mobile, on the other hand, you can buy with cash. You don't need to be banked. The financial system was a barrier to progress for the world's poor. Cash is a facilitator for them - it means total financial inclusion, a luxury the better off take for granted. Without financial inclusion - and there will always be some that, for whatever reason, often some bureaucratic quirk, won't have it - you are trapped in poverty. Beware the war on cash.The irony is that the smartphone now facilitates financial inclusion, whether via traditional finance (banking etc) or modern alternatives - the likes of the African mPesa (a widely used currency based on airtime) or bitcoin and other crypto currencies.Handy cashCash still has its uses for small transactions - a chocolate bar, a newspaper or a pint of milk. It will always be the fastest form of payment there is - think of the change you might put in a busker's hat or the bucket of someone collecting money for charity. It is also the most direct payment there is.For many people not at the top end of the economic scale, cash is still king. For example, I like to tip waiters in cash, knowing they will receive that money without it being syphoned off by some unscrupulous employer. I like to shop in markets, where new businesses often start out. Cash is widespread - it's fast, it's cheap. I can buy directly from the producer knowing they will receive all the money, without middlemen shaving off their percentages. Goodness knows it's hard enough for new, small businesses as it is.A quick look at a recent British Retail Consortium report shows that, surprisingly, cash remains the least costly payment method to process. I want to maximise new businesses profits where I can. Many new businesses starting out need the cash economy. Small businesses need it. The financially excluded need the cash economy. The war on cash is a war on them. Cash also has its uses for private transactions, for which there are many - and by no means are all of them illegal. But if you listen to the scaremongering, you'd start to think that all cash users are either criminals, tax-evaders or terrorists. Sure, some use cash to evade tax, but it's paltry compared to the tax avoidance schemes multi-national corporations employ. Starbucks doesn't use cash to avoid tax, it's all done via legislative means.I have a confession to make - even I, with my highfalutin principles, no longer carry cash, guilty though it may make me feel.A quick poll of my Twitter followers showed that 36 per cent no longer carry any cash when they go out. This is also a generational thing. The number of no-cash-users is much higher among the under-30s. I have four kids between the ages of 18 and 23, none of them carry cash. Nor do their friends. It's the older (wiser?) generation who still carry cash, even if only as emergency money. The problem is, cash is like playing records, when the rest of the world is on Spotify.Use of cash fell quite dramatically with Covid, but it still accounts for 14% of all retail payments in the UK, according to a 2023 House of Commons paper. Projections are that, by 2031, this number will fall to 6%. (Obviously, if you include other payments the proportion is much lower.)In mainland Europe, the use of cash is higher at around 20% of all retail transactions. Germany, Italy and Spain are still at 35-50% cash, while the Nordic countries are below 10 per cent. In the US, the number is in the 20-25% region. But the trend is very much down. But here I have a confession to make - even I, with my highfalutin principles, no longer carry cash, guilty though it may make me feel. The truth is, cash is dying. The convenience of fintech is killing it. Money is now almost entirely digital.Bitcoin and digital cashTech might have doomed cash, but it is also coming to the rescue in the form of bitcoin and other crypto currencies. Bitcoin itself was invented to be a digital replication of the cash process. A can send money directly to B without there having to be any middleman to process the transaction. Bitcoin is cash for the internet.Among the many breakthroughs which got people so excited about this new technology was that Satoshi Nakamoto's blockchain solved the problem of ‘double spending' - making sure you can't spend the same money twice - without having to use third parties such as banks to process the transaction. There is now a plethora of copycat currencies, with many of them focused on privacy in order to make their usage anonymous.At the other end of the scale, we have central bank digital currencies - CBDCs. These have been piloted in various countries around the world and, fortunately, nowhere has really got them to work. They have been met with neither trust nor understanding, and in many cases the tech has fallen short. In Nigeria and the Eastern Caribbean, they went beyond the pilot phase and have been out and out failures. Even in the Bahamas, the one place where a CBDC is said to have worked, adoption has been much lower than hoped. I asked my friend who lives there how successful it had been. He gave me this reply: ‘LOL. I have never seen one person use it.'Fortunately, government incompetence is on our side.Money has always been a bottom-up technology. Users prefer what is convenient. The fiat currency we use in the West today has evolved over many hundreds of years, especially as communication technology has developed. All you are doing when you make a payment is, effectively, sending a promise - the money itself does not exist. There is no gold or anything tangible backing it.Cash is slightly different, because you are handing over something physical. But read what's on that piece of paper - it's just another promise. Once upon a time, you might have been able to swap a 10-pound note for 10 pounds of sterling silver (not quite true as silver was abandoned before paper money became widespread) or 10 gold sovereigns (true). But today, all it says is ‘I promise to pay the bearer the sum of 10 pounds' - it is a promise of nothing. How the whole house of cards doesn't come tumbling down is beyond me, but there you go.Many central banks want to make the transition to CBDCs, despite zero democratic mandate. The planners want it because it then allows for money to become even more of a tool of government policy: whether it be monetary policy, taxation, welfare, surveillance or control. Fortunately, government incompetence is on our side. The history of government IT is so bad, it's unlikely any will succeed, thank goodness, especially not in countries with large populations. Heck, they can't even fix the potholes! But that's not to say they won't try. Always end on a song That's an old show-business maxim. Why don't we do just that?‘Programmable Money', a song I wrote last year about CBDCs, summarises everything there is to be worried about. Enjoy!If you liked this song, you should sign up for my comedy newsletter.Lyrics C - B - D - C. C - B - D - CProgrammable money. Programmable money.We'll monitor every purchase you make,Every transaction or decision you take.If you're not doing wrong, what is there to hide?How you spend money is for us to decide.Your social-credit rating, how do you score?If you're compliant you will get your reward.You may only own what we deem you can own.If you don't register, we'll block your phone.Wait! You'll be late for the expiry date.The state has mandated your money terminatesSo spend, speculate before it's confiscatedThis is what we're going to orchestrateNo more savingProgrammable money. Programmable money.C - B - D - CC - B - D - CYour money's now a tool of policy.You will be living in a smart city.You may only travel in a limited range.Energy and meat rations cos, climate change.We'll take your dough if we think it's owed.No matter if you do not think it's so.Taxes and fines, fares, fees of all kinds.All embedded in the lines of code.Hail Big BrotherProgrammable money. Programmable money.C - B - D - CC - B - D - CTears of the sun, fallen from heaven.Empires fall. Radiant droplets everlasting.We will implant you with a microchip,AI and other forms of censorship.We will decide what is good for you.Total control there's nothing you can do.Bitcoin fixes this!From here.Here's a PDF of today's piece.Finally, here are some videos I made of recent articles, for your viewing pleasure. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Dr. Weijia Zhang is the Regional Head of China at Enterprise Ethereum Alliance (EEA) and Vice President of Engineering at Wanchain. He has extensive engineering experience in Blockchain, as well as research and development (R&D), cognitive sciences, mental modeling, Computational Fluid Dynamics (CFD), software modeling, computer technologies and industrial standards. Weija has published over thirty research and technical papers, and is named as an inventor for over twenty patents (granted and pending) in computer and digital technology.  He also served as a technical committee voting member to publish the Solution Deployment Descriptor (SDD) by the Organization for the Advancement of Structured Information Standards (OASIS). Dr. Weijia Zhang is also teaching the Smart Contract Development course at the University of Texas as an adjunct faculty. Dr. Weija Zhang has written and published a book called: Blockchain and Ethereum Smart Contract Solution Development: Dapp Programming with Solidity (2022). --- Support this podcast: https://podcasters.spotify.com/pod/show/crypto-hipster-podcast/support

The Ethereum ETF is coming. What's the best narrative for ETH to sell to TradFi/Wall Street? Ryan and David discuss the 7 leading ETH Narratives and then have a pitch-off amongst themselves. Each of them prepared a 1-2 minute pitch and then they each spend some time unpacking each other's pitch and analyzing each point. Bankless Citizens get to vote - whose was better? Ryan or David's? The winner gets a bragging rights POAP.  ------

We talk about central bank digital currencies (CBDCs), which will enable a new level of financial surveillance and social control. And we're joined by John F O'Donnell, a guy with horrible karaoke etiquette. We promise we're not a con op lim hang !!!--Kitty History: https://www.youtube.com/watch?v=0-Lvv1f5Qu4Guaranteed Income Pilot Program Act of 2023: https://www.congress.gov/bill/118th-congress/house-bill/5776?s=1&r=42#:~:text=Introduced%20in%20House%20(09%2F27%2F2023)&text=This%20bill%20directs%20the%20Department,the%20ages%20of%2018%2D65.A Proposal for CBDC based UBI: https://www.institute.global/insights/tech-and-digitalisation/proposal-web3-based-universal-basic-incomeIMF's CBDC Virtual Handbook: https://www.imf.org/en/Topics/fintech/central-bank-digital-currency/virtual-handbook“Greatest backdoor Wall Street bailout of all time”: https://www.wsj.com/articles/SB10001424052702303763804579183680751473884Digital Currency vs. Existing Electronic Currency: https://www.nttdatapay.com/blog/types-of-digital-currency/#:~:text=What%20distinguishes%20digital%20currency%20from,those%20connected%20to%20the%20Internet.CBDC vs. Crypto: https://www.weforum.org/agenda/2023/11/cbdcs-how-different-cryptocurrency-stablecoin/#:~:text=The%20main%20difference%20between%20CBDCs,data%20protection%20and%20online%20privacy.The Federal Reserve Dissing Crypto: https://www.youtube.com/watch?v=0SxNyL3YFaMIMF Dissing Crypto: https://www.youtube.com/watch?v=Z4NpCf5Phj0BIS Dissing Crypto: https://www.youtube.com/watch?v=9mvSsM1uqGoThe benefits of a cashless society: https://www.weforum.org/agenda/2020/01/benefits-cashless-society-mobile-payments/Atlantic Council CBDC Tracker: https://www.atlanticcouncil.org/cbdctracker/Atlantic Council Donors: https://www.atlanticcouncil.org/in-depth-research-reports/report/2022-annual-report/IMF Working Hard on Global CBDC Platform Concept, Georgieva Says: https://www.bloomberg.com/news/articles/2023-06-19/imf-working-hard-on-global-cbdc-platform-concept-georgieva-says?embedded-checkout=trueBIS Survey on CBDCs: https://www.bis.org/publ/bppdf/bispap136.pdfBIS Explained: https://www.bis.org/about/index.htmBIS Livestream, “Central bank digital currencies, digital payments, and the future of money”: https://www.youtube.com/watch?v=xVD1ZFPzcbgBiden Executive Order on CBDCs: https://www.whitehouse.gov/briefing-room/presidential-actions/2022/03/09/executive-order-on-ensuring-responsible-development-of-digital-assets/Statement from Secretary of the Treasury Janet L. Yellen on the Release of Reports on Digital Assets: https://home.treasury.gov/news/press-releases/jy0956US Policy Objectives for a CBDC System: https://www.whitehouse.gov/wp-content/uploads/2022/09/09-2022-Technical-Evaluation-US-CBDC-System.pdfThe IMF on Nigeria's CBDC: https://www.imf.org/en/News/Articles/2021/11/15/na111621-five-observations-on-nigerias-central-bank-digital-currencyU.S. Agency for International Development (USAID) announces “Catalyst: Inclusive Cashless Payment Partnership” for India: https://2012-2017.usaid.gov/india/press-releases/oct-14-2016-usaid-launches-catalyst-drive-cashless-payments-indiaIndian PM Modi Announces Rs 500 and Rs 1,000 to be Pulled Out of Circulation immediately: https://timesofindia.indiatimes.com/india/rs-500-and-rs-1000-notes-pulled-out-of-circulation-immediately-pm-narendra-modi/articleshow/55315473.cmsThe Federal Reserve on Programmable CBDC: https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdfJP Morgan on Programmable Money: https://www.jpmorgan.com/onyx/programmable-payments-purpose-bound-moneyBank of England calls on ministers to decide whether a CBDC should be programmable: https://www.telegraph.co.uk/business/2021/06/21/bank-england-tells-ministers-intervene-digital-currency-programming/#:~:text=Bank%20of%20England%20tells%20ministers%20to%20intervene%20on%20digital%20currency%20'programming',-Digital%20cash%20could&text=The%20Bank%20of%20England%20has,is%20spent%20by%20the%20recipient.Eswar Prasad on the “Future of Money” at the WEF: https://www.youtube.com/watch?v=gyANVmHJB3cFactchecking the Eswar Prasad Quote: https://apnews.com/article/fact-check-world-economic-forum-cashless-society-false-cbdc-592718364311Ron DeSantis on CBDC and “Woke Banking”: https://www.c-span.org/video/?532981-1/governor-ron-desantis-campaigns-hampton-nhRepublican Lawmakers Introduce Legislation to Ban a CBDC in the U.S.: https://www.coindesk.com/policy/2024/02/27/republican-lawmakers-introduce-legislation-to-ban-a-cbdc-in-the-us-again/Trump Campaign Vows to Block CBDC: https://thehill.com/business/4416139-trump-vows-to-block-creation-of-digital-dollar/Trump Admin Floats Idea of “USDC,” US Digital Currency: https://www.theverge.com/2022/1/17/22888225/jared-kushner-us-treasury-mnuchin-government-federal-cryptocurrency-trump-white-houseBetter than Cash Alliance: https://www.betterthancash.orgDigital Dollar Project: https://digitaldollarproject.orgThe IMF's Tobias Adrian on a Synthetic CBDC: https://www.imf.org/en/News/Articles/2019/05/13/sp051419-stablecoins-central-bank-digital-currencies-and-cross-border-paymentsThe IMF's Tobias Adrian used to be at the NY Fed Before the IMF: https://www.tobiasadrian.com/AboutJohn's 17 Plugs: https://linktr.ee/therealjfod

Richard Holden, Author, Money in the 21st Century: Cheap, Mobile and DigitalRichard Holden is Professor of Economics at UNSW Business School (Sydney) and author of Money in the 21st Century – a new book that delves into the micro and macroeconomic impacts of the way money and finances are changing and will continue to evolve in the decades to come. What does it mean for your wallet, the money in your wallet and for blockchain and for economies. How will the race for control of new currencies play out, how it will change how banks and governments operate? Robin Amlôt of IBS Intelligence talks to author Richard Holden. 

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Around the Blockchain is your place for deep discussions on Crypto, Bitcoin and the evolution of money. INVEST like an Accredited investor TODAY with Linqto: http://l.linqto.com/HIT Today's crypto experts: Matty B https://twitter.com/pianomattyb OJ Jordan https://twitter.com/busyjordy?s=21 Kevin Estopinal https://twitter.com/KevinEstopinal Nick Dimondi https://twitter.com/NickDimondi Timestamps 00:00 Intro 02:18 The Headlines 03:05 The Panel 04:44 Why Join the Discover Crypto Alliance? 05:19 Swan Bitcoin to Terminate Accounts 06:30 Does Bitcoin Need Banks or Banks Need Bitcoin? 06:48 The Technology Is Not Ready; We Still Need Banks 07:16 Symbiotic Relationship 08:05 Michael Saylor, Messiah of the Mechanism 08:55 Equating Institutional Adoption with the Success of Bitcoin 09:30 Bullish Catalyst 10:10 The Keyword 10:50 Better Move To Survive 12:00 Fun Fact on Why Fights End on the Ground 12:26 The Case of Bitpanda, in Europe 14:47 The European Digital ID Regulation 17:00 Parallel Economies Forming a Possibility 18:40 Jordan Peterson's Parallel Structures and Societies 19:46 Path to Rejection of Programmable Money 21:08 Why CBDCs are Bad and Self-Sovereignty is Good 21:34 Cathie Wood Predicts 25 Trillion Dollars Market Cap in Crypto 23:11 Spot Bitcoin ETF Could Be In 2024 24:10 End-of-Year Prediction for Spot Bitcoin ETF 25:20 Is Spot Bitcoin ETF a Little Bad for Crypto? 26:00 Why CBDC Conversations Don't End Well 27:28 The Impact of Spot Bitcoin ETF to Your Life SHOP HIT MERCH: [https://www.hitmerch.com/ All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person's opinion for financial guidance. There are multiple strategies, and not all strategies fit all people. Our videos ARE NOT financial advice.

Alex Tapscott is an entrepreneur, author and seasoned capital markets professional focused on the impact of blockchain technologies on business and financial markets.

Before we get started today, if you haven't already seen it, check out my interview with Alex Langer of Sierra Madre. There could be quite an opportunity setting up with this silver mining company.There are just a handful of tickets left for my lecture with funny bits about gold in London on October 19. I'm not sure when I will next be doing this show so book early to avoid disappointment and all that.And, if you haven't yet seen Programmable Money, I think you will be amused.Right, house prices. They are in free fall …“Fastest fall in 14 years” said the Guardian on the back of the latest numbers from the Halifax, which reported year-on-year falls of 4.7%. The Telegraph was similarly gloomy. ”London house prices slump,” said City AM. “6 months of consecutive declines,” noted the FT. The latest Nationwide numbers showing declines of 5.3% are even worse.But, some context. Here are house prices since 1950. Relentless. The current declines are a mere blip, though it may not fee like that. I have long-argued that houses are, in effect, financial assets whose prices are largely determined by the availability and cost of money. When lending is loose and money is cheap, house prices rise. When lending tightens and the cost of money goes up, so do house prices fall. With rising rates, the reality of this is now plain to see.It would seem that the housing market peaked in summer 2022. I know nominally it was November, but in reality it will have peaked 6 to 9 months before that because of the various lags in house price data reporting. (There is a chap called Charlie on Twitter, who is very good on this by the way). Housing data lags the market because moving home is such a slow process: you decide to move, you put your house on the market, you wait for a buyer, it takes time to exchange and complete, then there are several months more before the Land Registry actually reports the transaction. But from August 2022 to August 2023, according to Bank of England data, mortgage lending has fallen by 43%, while the number of approvals is down 36%. Of course house prices are falling.How far do house prices fall?The answer to that lies with the Bank of England Monetary Policy committee, gilt markets, interest rates and all the rest of it. Sterling also has issues, which is going to put upward pressure on rates. But with another million or so cheap fixed rate deals coming to end in the next year, and another million the year after that, something like two million households are going to be hit with much higher mortgage costs. Just how much will those costs be? The genius that is Merryn Somerset Webb, as always, has the answer: “Mortgage on 350k at 2%: £1484 a month and total payment £445,126. Mortgage on £350k at 5.5%: £2149 a month and total £644,745. To get payment back to £1484, you can only borrow £243k (total payment 447k). And that's why house prices are falling.”Considerable problems lie ahead. All in all, I don't think the worst is over by a long chalk and, a year from now, I think we will see distressed selling, along with opportunities for bargain hunters. This could all have happened in 2008, but the powers-that-be saw fit to suppress rates and print money. Then we got Help to Buy. I don't quite know what they will do this time around - no doubt something is being planned - but in the meantime it seems we are seeing the beginning of the unwinding of a 30-year, generational bull-market/bubble. By way of reference, here is the that infamous Jean-Paul Rodrigue illustration of the lifecycle of a bubble. (I used to have this on my wall, I liked it so much). I would argue that we are probably in the fear stage, with the bull trap having come during Covid, but it may be we are still in the denial phase. As with so much academic projection, real life is never quite as neat and tidy.At the same time, as those of us who were around in 2008 will testify: all ye who call the end of the UK housing market bubble, beware. The housing market has a nasty habit of making bears look stupid. Some see a correction of 35% or more in nominal terms. Others are more muted at 5-10%. Both are possible. In the short term I think housing goes lower. A 1989-94 scenario looks more likely than 2008-11, though I reserve the right to change my mind, as events unfold. So to gold Here you can see gold vs sterling since 1999 when Gordon Brown sold ours for £150/oz or thereabouts. Today, such is the rise of gold (or the decline of sterling more like), we are at £1,500/oz.Josh Saul of Pure Gold Company has reported to me numerous times over the past year how many buy-to-let and other property investors have been selling real estate and buying gold. When will they flip back into property?Gold is the oldest money in the world, it is a constant, so I like to take a periodic look at house prices measured in gold. Of course, we do not use gold to buy houses. We use sterling. But as the verse goes:“Money is a matter of functions four.A medium, a measure, a standard and a store.”While gold may no longer have much use as a medium of exchange, as a store of value, a standard of deferred payment and a measure of relative value (ie unit of account) it remains and will always remain a far more effective form of money than fiat, because it is permanent, constant and you can't print it. If the average UK house is now £288,000 (it isn't - it will be lower because of time lags) and gold is £1,500/oz, then the average UK house price in gold is 192 oz.Here, courtesy of Nick Laird at goldchartsrus.com, we see the cost of UK house prices, measured in gold, since 1950.It's a rather different story to nominal UK house prices, as displayed above. By this measure, the peak of the UK housing market was 2004. Sterling was (relatively) strong at more than $2 . The UK housing market was booming. Gold was sitting around $400/oz.The depths of the market came in 1979. The UK economy was weak. There was civil unrest. Gold was at the end of its epic bull market of the 1970s when it hit $850/oz. The average UK house could be bought for around 50 ounces of gold.How much have we been ripped off by fiat ? If gold is to increase by say 20% against sterling, and nominal house prices are to come down 10%, then those 2008-11 and 2020 lows of 150oz for the average UK house look pretty nailed on. If house prices come down 30 or 35%, however, as they did in 1989-94, and the gold price were to double, then those late 1970s and early 1980s numbers around 50oz for the average UK house suddenly come into play. Barring a full-blown sterling crisis (don't rule it out), I'd say that was unlikely. For no particular reason, other than round-number-itis, I have a target of 100oz.Of course, the other possibility is that gold falls, and house prices resume their uptrend. How many ounces of silver to buy the average UK house?Here, for the silver bugs, is the same ratio but for silver.Look how cheap houses in silver were in the 1970s. You could get the average UK house for about 1,000oz!Will silver ever go back to those levels? I doubt it. It has the potential, but, as we know, silver always disappoints.Finally, for American readers, are US house prices in gold and silver.Post 2008 they almost went back to 1980 levels.Here they are in silver. Tell your friends about this amazing article This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Before we get started today, if you haven't already seen it, check out my interview with Alex Langer of Sierra Madre. There could be quite an opportunity setting up with this silver mining company.There are just a handful of tickets left for my lecture with funny bits about gold in London on October 19. I'm not sure when I will next be doing this show so book early to avoid disappointment and all that.And, if you haven't yet seen Programmable Money, I think you will be amused.Right, house prices. They are in free fall …“Fastest fall in 14 years” said the Guardian on the back of the latest numbers from the Halifax, which reported year-on-year falls of 4.7%. The Telegraph was similarly gloomy. ”London house prices slump,” said City AM. “6 months of consecutive declines,” noted the FT. The latest Nationwide numbers showing declines of 5.3% are even worse.But, some context. Here are house prices since 1950. Relentless. The current declines are a mere blip, though it may not fee like that. I have long-argued that houses are, in effect, financial assets whose prices are largely determined by the availability and cost of money. When lending is loose and money is cheap, house prices rise. When lending tightens and the cost of money goes up, so do house prices fall. With rising rates, the reality of this is now plain to see.It would seem that the housing market peaked in summer 2022. I know nominally it was November, but in reality it will have peaked 6 to 9 months before that because of the various lags in house price data reporting. (There is a chap called Charlie on Twitter, who is very good on this by the way). Housing data lags the market because moving home is such a slow process: you decide to move, you put your house on the market, you wait for a buyer, it takes time to exchange and complete, then there are several months more before the Land Registry actually reports the transaction. But from August 2022 to August 2023, according to Bank of England data, mortgage lending has fallen by 43%, while the number of approvals is down 36%. Of course house prices are falling.How far do house prices fall?The answer to that lies with the Bank of England Monetary Policy committee, gilt markets, interest rates and all the rest of it. Sterling also has issues, which is going to put upward pressure on rates. But with another million or so cheap fixed rate deals coming to end in the next year, and another million the year after that, something like two million households are going to be hit with much higher mortgage costs. Just how much will those costs be? The genius that is Merryn Somerset Webb, as always, has the answer: “Mortgage on 350k at 2%: £1484 a month and total payment £445,126. Mortgage on £350k at 5.5%: £2149 a month and total £644,745. To get payment back to £1484, you can only borrow £243k (total payment 447k). And that's why house prices are falling.”Considerable problems lie ahead. All in all, I don't think the worst is over by a long chalk and, a year from now, I think we will see distressed selling, along with opportunities for bargain hunters. This could all have happened in 2008, but the powers-that-be saw fit to suppress rates and print money. Then we got Help to Buy. I don't quite know what they will do this time around - no doubt something is being planned - but in the meantime it seems we are seeing the beginning of the unwinding of a 30-year, generational bull-market/bubble. By way of reference, here is the that infamous Jean-Paul Rodrigue illustration of the lifecycle of a bubble. (I used to have this on my wall, I liked it so much). I would argue that we are probably in the fear stage, with the bull trap having come during Covid, but it may be we are still in the denial phase. As with so much academic projection, real life is never quite as neat and tidy.At the same time, as those of us who were around in 2008 will testify: all ye who call the end of the UK housing market bubble, beware. The housing market has a nasty habit of making bears look stupid. Some see a correction of 35% or more in nominal terms. Others are more muted at 5-10%. Both are possible. In the short term I think housing goes lower. A 1989-94 scenario looks more likely than 2008-11, though I reserve the right to change my mind, as events unfold. So to gold Here you can see gold vs sterling since 1999 when Gordon Brown sold ours for £150/oz or thereabouts. Today, such is the rise of gold (or the decline of sterling more like), we are at £1,500/oz.Josh Saul of Pure Gold Company has reported to me numerous times over the past year how many buy-to-let and other property investors have been selling real estate and buying gold. When will they flip back into property?Gold is the oldest money in the world, it is a constant, so I like to take a periodic look at house prices measured in gold. Of course, we do not use gold to buy houses. We use sterling. But as the verse goes:“Money is a matter of functions four.A medium, a measure, a standard and a store.”While gold may no longer have much use as a medium of exchange, as a store of value, a standard of deferred payment and a measure of relative value (ie unit of account) it remains and will always remain a far more effective form of money than fiat, because it is permanent, constant and you can't print it. If the average UK house is now £288,000 (it isn't - it will be lower because of time lags) and gold is £1,500/oz, then the average UK house price in gold is 192 oz.Here, courtesy of Nick Laird at goldchartsrus.com, we see the cost of UK house prices, measured in gold, since 1950.It's a rather different story to nominal UK house prices, as displayed above. By this measure, the peak of the UK housing market was 2004. Sterling was (relatively) strong at more than $2 . The UK housing market was booming. Gold was sitting around $400/oz.The depths of the market came in 1979. The UK economy was weak. There was civil unrest. Gold was at the end of its epic bull market of the 1970s when it hit $850/oz. The average UK house could be bought for around 50 ounces of gold.How much have we been ripped off by fiat ? If gold is to increase by say 20% against sterling, and nominal house prices are to come down 10%, then those 2008-11 and 2020 lows of 150oz for the average UK house look pretty nailed on. If house prices come down 30 or 35%, however, as they did in 1989-94, and the gold price were to double, then those late 1970s and early 1980s numbers around 50oz for the average UK house suddenly come into play. Barring a full-blown sterling crisis (don't rule it out), I'd say that was unlikely. For no particular reason, other than round-number-itis, I have a target of 100oz.Of course, the other possibility is that gold falls, and house prices resume their uptrend. How many ounces of silver to buy the average UK house?Here, for the silver bugs, is the same ratio but for silver.Look how cheap houses in silver were in the 1970s. You could get the average UK house for about 1,000oz!Will silver ever go back to those levels? I doubt it. It has the potential, but, as we know, silver always disappoints.Finally, for American readers, are US house prices in gold and silver.Post 2008 they almost went back to 1980 levels.Here they are in silver. Tell your friends about this amazing article This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

My guest today is Tony Craddock, the Director General of the Payments Association, an award-winning community to advance payments innovation, and encourage collaboration across the payments industry. We talk about mindset, AI and programmable money, Sustainability, making payments more efficient and encouraging more responsible and sustainable spending for all.If you enjoy this episode it would mean the world if you subscribe and give it a follow so that we can have more impactLet's dive into it!

Aug 1, 2023 – Today, on FS Insider, we are going to re-air a must-listen interview we conducted with Daniel Fagella at Emerj AI Research who has spoken before the UN, the World Bank, Interpol, and other major organizations about...

It is easy to fall into the trap of treating monetary innovations such as Stablecoins in isolation, or as a final destination, when innovation is in fact constant and individual innovations are merely components of much larger secular trends driven by technology and the interaction of technology with the wants and needs of households and businesses. One organisation that has not made this mistake, and places Stablecoins firmly in the context of a financial system evolving towards programmable money, is Quant. Dominic Hobson, co-founder of Future of Finance, spoke to Gilbert Verdian, CEO of Quant, about what he sees in the Stablecoin phenomenon. Hosted on Acast. See acast.com/privacy for more information.

Wide ranging conversation with Alex Sims, is an Associate Professor at the Business School at Auckland University , has a PhD in DAOs, and is part of the Executive council of Blockchain New Zealand. Some of the topics we cover:* Being an 'unconventional academic' - shifting entire area of research after 20 years. Journey from Copyright to Crypto.* Insights into the Regulatory landscape.* Requirements for innovation. Scope for competition between jurisdictions?* Response to Reserve Bank of New Zealand enquiry into CBDC* Importance of User Experience* Introduce Alex to NEAR tech stack* Everything DAOs - what is decentralisation? The human challenge. NEAR Digital Collective.* And a lot more!Resources Alex's Profile - University of Auckland: https://profiles.auckland.ac.nz/a-simsPhD on DAOs - Decentralised Autonomous Organisations: Governance, Dispute Resolution and Regulation) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3971228Blockchain New Zealand - https://blockchain.org.nzThe Reserve Bank of New Zealand (RBNZ) recently published an issues paper – The Future of Money: Private Innovation. Recording Webinar 'The Future of Money' (Response to Reserve Bank of NZ issue paper) - https://blockchain.org.nz/event/webinar-the-future-of-money/Parable of Blind Men and an Elephant - https://en.wikipedia.org/wiki/Blind_men_and_an_elephant UK Law Commission on Digital Assets - https://www.lawcom.gov.uk/project/digital-assets/ Callaghan Innovation - New Zealand Innovation Agency https://www.callaghaninnovation.govt.nzEdmund Hillary Fellowship - https://www.ehf.orgGlobal Impact Visa (New Zealand) - https://www.immigration.govt.nz/new-zealand-visas/options/start-a-business-or-invest/i-want-to-invest-or-do-business-in-nz/the-global-impact-visaE.O Wilson - https://www.britannica.com/biography/Edward-O-WilsonAmerican Kingpin (Book) Story of Ross Ulbricht, founder of The Silk Road - https://www.amazon.com/American-Kingpin-Criminal-Mastermind-Behind/dp/1591848148Follow on SocialsAVB - https://twitter.com/AlejandroVBeta1 Alex Sims - https://twitter.com/alexsims101

This week, I share my chilling experiences of Digital IDs, Programmable Money, The UK's Social Credit System (no longer a theory), and the bane of everyone's life these days: Customer DIS-service!That's not to mention being mis-gendered by 'Moses' - God give me strength!Education, not indoctrination.Sarah PlumleyThinker-Teacher-Truther Get full access to Sarah Plumley at sarahplumley.substack.com/subscribe

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"Programmable Money" Hosts: Darren Weeks, Vicky Davis Show website: https://governamerica.com Vicky's websites: https://thetechnocratictyranny.com and http://www.channelingreality.com COMPLETE SHOW NOTES AND CREDITS AT: https://governamerica.com/radio/radio-archives/22470-govern-america-may-28-2022-programmable-money Biden administration ramps up gun control efforts in the wake of the Robb Elementary school shooting in Uvalde, Texas which killed 19 children and two adults, and injured 17 others. From runaway inflation to food shortages, several signs point to the United States becoming a failed state. FERC warns of rolling blackouts this summer, while Biden implements policies to limit supply and increase demand. An overwhelming number of Americans believe the country is heading in the wrong direction. In light of the Pandemic treaty being pushed by Biden and the World Health Organization, we do a deep dive into the Pan American Health Organization, the Organization of American States, and legislation that is pending in Congress which would, seemingly, extend the "Homeland Security" police state to the entire western hemisphere. The World Economic Forum discusses digital currencies, climate trackers, misinformation, and more.

Today on the Naturally Inspired Daily Tammy Talks About: The Science Behind Fake Meat. Programmable Money Starts In Iran To Buy Bread.

Apr 14 – Today, on FS Insider, we are going to re-air a must-listen interview we conducted last year with Daniel Fagella at Emerj AI Research about programmatically generated money, economies, and... Subscribe to our premium weekday podcasts: https://www.financialsense.com/subscribe

Questions on Protecting Wealth with Gold & Silver? Call 877-410-1414 or Schedule a Call for Later Here: ↓ https://calendly.com/itmtrading/youtube?utm_content=QA4132022 __________ Eric sources questions from Lynette's viewers and Lynette responds with organic and unrehearsed answers. If you have a question for Lynette and Eric, please either submit your question though YouTube, Facebook, Twitter, or email to questions@itmtrading.com. If you enjoyed the Q&A with Lynette Zang, please like, subscribe, and share in order to help Lynette fight the fiat money disease! To submit your question for our next Q&A please email us at, questions@itmtrading.com Have questions about acquiring gold and silver? Call: 877-410-1414 ITM Trading's Official 2022 Gold & Silver Buyers Guide: https://learn.itmtrading.com/buyers-guide-yt?VID=QA4132022 To see Lynette's slides, research links or questions from this video: YOUTUBE: https://youtu.be/oQSWMZpFPuw FOLLOW OUR NEW CHANNEL: Beyond Gold & Silver ➡️ https://www.youtube.com/c/BeyondGoldSilver?sub_confirmation=1 Viewer Submitted Questions: 0:47 Question 1 5:18 Question 2 10:58 Question 3 19:22 Question 4 21:41 Question 5 Follow Lynette Zang ⬇️ Instagram: https://www.instagram.com/lynettezang/ Twitter: https://twitter.com/itmtrading_zang Podcast: https://anchor.fm/itmtrading __________ Find out if you're properly protected today... ITM TRADING: Helping Build Your Future, Freedom, and Legacy Call Today for Your 1st Strategy Session: 877-410-1414 You can also email us at: Services@ITMtrading.com All Our Videos and Research: https://www.ITMTrading.com/Blog Homepage: https://www.ITMTrading.com ITM Trading Twitter: https://twitter.com/itmtrading Lynette Zang Twitter: https://twitter.com/itmtrading_zang Facebook: https://facebook.com/ITMTrading By ITM Trading's Lynette Zang Call Us Direct for Long-Term Gold & Silver Strategies: 877-410-1414 ITM Trading Inc. © Copyright, 1995 - 2022 All Rights Reserved.

Shamir Karkal, co-founder and CEO of Sila, a US-headquartered FinTech software platform spoke to Rudolf Falat, founder of the Voice of FinTech podcast, about ways how to program your money to do what you want with it.Specifically, here is what they covered: Shamir's background and journey to Sila Why are we only in the early stages of FinTech, and what it's exciting about the future? Sila seeks to provide the next generation of financial services – why and how? What is programmable money? What's your unfair competitive advantage? What's the technology behind your solution? How do you make money? What will Web3 mean in terms of financial services, and how blockchain and crypto integrate into it? How big is your team, and where are you based?  Shamir's favorite business book: Debt: The First 5000 Years What's the best way to reach out: Sila Money

SUPPORT ON THE CHAIN JOIN THE CHANNEL https://otc.one/join OTC MERCH https://onthechain.shop BUY US A COFFEE https://otc.one/buy-us-a-coffee Support ON THE CHAIN (Our version of Patreon) https://otc.one/support -------------- ON THE CHAIN SUBSCRIBE TO THE OTC PODCAST: https://otc.one/podcast Subscribe to our other Youtube Channel: https://otc.one/onthechain On The Web: https://onthechain.io Follow OTC on Twitter: https://otc.one/otc Join our FREE Telegram Roundtable channel: https://t.me/onthechain_roundtable -------------- JEFF Follow Jeff on Twitter: https://otc.one/jeff -------------- CHIP Follow Chip on Twitter: https://otc.one/chip Listen to Chip's music http://nojoyyet.com​ -------------- DISCLAIMER: All opinions expressed by content contributors that appear on OTC are solely expressing their opinions and do not reflect the opinions of OTC, its affiliates, or sponsors. Content contributors may have previously disseminated information on a social media platform, website, or another medium such as a podcast, television, or radio. OTC, Content Contributors, Affiliates, or Sponsors are not obligated to update or correct any information. The content contributors are sharing the information which they believe to be reliable. OTC, its affiliates, or sponsors cannot guarantee the accuracy of the opinion shared, and viewers, readers, and listeners should not rely on it. Opinions expressed are not financial advice. Please consult a licensed financial advisor before making any financial decisions. You must research before you invest in anything. Do not invest based on what someone else is doing or not doing, or based on other people's opinions. #XRP #Ripple

Dilip Asbe, MD & CEO of National Payments Corporation of India (NPCI) chats with Sanjay Swamy, Managing Partner Prime Venture Partners.Mr. Dilip Asbe is the MD & CEO of National Payments Corporation of India (NPCI). Prior to this he was the Chief Operating Officer (COO) of NPCI. He has played a pivotal role in designing, building, operationalisation and management of large scale innovative payments processing platforms like Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), Immediate Payment Service (IMPS) and India's home grown card network RuPay.Listen to the podcast to learn about02:00 - UPI: History, Challenges & Surprises18:00 - Scaling UPI: Building a Resilient system28:00 - Business models & MDR33:00 - New Opportunities: AutoPay, NCMC, e-RUPI39:00 - Internationalisation of UPIClick here to read the full transcriptEnjoyed learning about UPI's history, present and future? Learn more about another ambitious government project with Dr. Ram Sewak Sharma, the Former Chairman of TRAI. He begins the podcast by sharing his passion for learning and technology and moves on to share the motive of building Aadhaar in India, the thrill of working in the Government of India's most ambitious project, supervising the largest vaccination drive around the globe and ends with valuable advises for young entrepreneurs.Enjoyed the podcast? Please consider leaving a review on Apple Podcasts and subscribe wherever you are listening to this.Follow Prime Venture Partners:Twitter: https://twitter.com/Primevp_inLinkedIn: https://www.linkedin.com/company/primevp/ This podcast is for you. Do let us know what you like about the podcast, what you don't like, the guests you'd like to have on the podcast and the topics you'd like us to cover in future episodes. Please share your feedback here: https://primevp.in/podcastfeedback

So you've heard about the Canadian Government invoking the Emergencies Act... You've heard about them freezing bank accounts and even freezing crypto wallets. Is that really possible? Yes. Could your government freeze or seize your retirement savings? Most definitely. So DON'T HAVE WRONG THOUGHTS, DON'T SAY WRONG THINGS, AND DON'T ENGAGE IN TRACEABLE FINANCIAL TRANSACTIONS WITH WRONG PEOPLE. Got it? Good. Today we're gonna talk about this. But this topic, as uncomfortable as it is, opens the door to another uncomfortable topic: CENTRAL BANK DIGITAL CURRENCIES. They're coming, my friend. We still have a couple years, or, well, at least probably one year. So it's time to start preparing yourself. Today I'm going to help you understand how the mechanics of CBDCs might work, and how programmability will help your government keep more of "their share" of your money, while keeping an eye on exactly where you spend your money. This episode is kinda long, but it'll be educational, I promise. Especially the CBDC part. Grab a beer and let's do this. Remember, go to rogueretirementlounge.com/crypto to sign up for your own Blockfi account. You'll get up to a $250 crypto bonus and you'll be on the best exchange out there. AND you'll be able to earn interest on your crypto. And, you'll be supporting this show, as I'm a Blockfi affiliate! If you have a question you'd like me to answer on the podcast, email me at matt@rogueretirementlounge.com Check out more episodes at my https://www.rogueretirementlounge.com/ (retirement planning podcast) website: www.rogueretirementlounge.com Follow me on twitter! https://twitter.com/LoungeRogue (twitter.com/LoungeRogue) Follow me on Instagram! instagram.com/lairdgrainger

Today on the Naturally Inspired Daily Tammy Talks About: Klaus Schwab Owns Canada, What IS Programmable Money, CIA Fake Vaccination Drive, CDC Withheld Data

We need to think ahead as to how Digital Identity, Central Bank Digital Currency and Programmable Money will interact, and ask the all-important question are we comfortable with these developments. Who is in control, and to what extent will we really be able to opt out? CONTENTS 0:00 Start00:15 Introduction01:05 Should A CBDC Be Programmable?03:55 … Continue reading "The Programmable Finance Trap! [Podcast]"

Sep 1 – Daniel Fagella at Emerj AI Research has spoken before the UN, the World Bank, Interpol, and other major organizations about the future risks and trajectory of AI, particularly when it comes... Subscribe to our premium weekday podcasts: https://www.financialsense.com/subscribe

Money will be digital, that's a given, but do you understand what that means for you? The answer goes well beyond your ability to use your phone to pay for things, in fact, future money will become programable. In this video Futurist Chris Crespo discusses how the future of money will unlock possibilities that will make your life more convenient, but could also limit your freedom to choose when and how to spend it.

Drop 1: Programmable Money https://www.ledgerinsights.com/commerzbank-trials-blockchain-programmable-money-with-basf-evonik-for-supply-chain-payments/ Drop 2: CBDC.BRL https://www.blocknews.com.br/governos/breaking-news-banco-central-afirma-que-real-digital-devera-ser-usado-no-varejo/ Drop 3: Cacau https://cointelegraph-com-br.cdn.ampproject.org/c/s/cointelegraph.com.br/news/cocoa-farmers-in-southern-bahia-adopt-blockchain-to-track-production/amp .. Instagram.com/blockdropspodcast .. Twitter.com/blockdropspod .. blockdropspodcast@gmail.com --- Send in a voice message: https://anchor.fm/blockdropspodcast/message

Drop 1: Programmable Money https://www.ledgerinsights.com/commerzbank-trials-blockchain-programmable-money-with-basf-evonik-for-supply-chain-payments/ Drop 2: CBDC.BRL https://www.blocknews.com.br/governos/breaking-news-banco-central-afirma-que-real-digital-devera-ser-usado-no-varejo/ Drop 3: Cacau https://cointelegraph-com-br.cdn.ampproject.org/c/s/cointelegraph.com.br/news/cocoa-farmers-in-southern-bahia-adopt-blockchain-to-track-production/amp .. Instagram.com/blockdropspodcast .. Twitter.com/blockdropspod .. blockdropspodcast@gmail.com --- Send in a voice message: https://anchor.fm/blockdropspodcast/message

May 26 – The use of cash has fallen dramatically post-Covid and, in today's episode, we take up the topic of payments and the future of money with Jodie Kelley, CEO of the Electronic Transactions... Subscribe to our premium weekday podcasts: https://www.financialsense.com/subscribe

Listen to a new episode of Priv8 Podcast! Derek E. Silva joins Avichal Garg, Co-founder, and Partner at Electric Capital, an early-stage venture firm. A great conversation on the rise of the creator economy, privacy-first technologies, and the future of programmable money.

NFTs, Cryptocurrency, Blockchain, Tokenization. There is more hype than ever for these technologies and endless debate on the utility of this technology. . While consumers are attempting  to understand the value of cryptocurrency, governments and private firms across the globe are doing the same, and they are experimenting with the idea of a central bank for digital currency that will adapt and meet changing consumer needs.Main TakeawaysBenefits of a Central Bank: The digitization of currency will not only simplify the distribution of government cash, but it will eliminate banking deserts, which are large populations of the country where traditional banking branches are not accessible to the general public. By moving to a digital currency, users will be able to easily complete transactions similar to how cash purchases are done, but without the time needed to complete a credit transaction.Programmable Money: One of the exciting innovations and benefits of digital tokens is the concept of “programmable” money. This means that during the design and build phase, the technology that houses the currency can be reconfigured to scale and add critical functions at any time.Easily Traceable: By modernizing currency and moving to a digital token, the flow of currency from one user to another will be much easier to track than physical transactions. When transactions are done digitally, you can trace that currency back to where it originated, making it simpler and easier to detect fraud.IT Visionaries is brought to you by the Salesforce Platform - the #1 cloud platform for digital transformation of every experience. Build connected experiences, empower every employee, and deliver continuous innovation - with the customer at the center of everything you do. Learn more at salesforce.com/platform 

Programmable money is one of the technologies to have emerged from blockchain. In fact, its origins in the trustless promise of primitive blockchain are not hard to discern. It is, in essence, tokenised cash controlled by a smart contract rather than a bank or central bank. The smart contract decides, for example, to make a payment automatically when an invoice is received, and nobody can stop the payment from being made or reverse it once it is made. This creates an obvious hazard – if a smart contract can move money, it will be attacked by hackers – which some crypto-currencies experienced. Significant sums were lost or stolen as a result of vulnerabilities in smart contracts. There is a view that the current DeFi token boom, also driven by smart contracts, will end the same way. Yet programmable money is not dependent on blockchain technology and the possible applications are too intriguing to be constrained by any label. Payments could be triggered as soon as goods arrive at the factory or the doorstep. Digital services could be switched on as soon as a payment is received or postponed to a future date when payment will be received. VAT could be routed directly to HMRC at the point of sale rather than collected and paid on quarterly basis by a complicated accounting process. Programmable money has a multitude of applications to the Internet of Things, from refilling the empty refrigerator to paying for temporary insurance on a motor car. In theory, these benefits can be obtained by programming alternatives to fiat currency running on public or private networks, and the use of programmable money for peer-to-peer transactions on permissionless networks is a dream that has yet to die. But the adoption of programmable money would almost certainly be accelerated by the issuance of a central bank digital currency (CBDC) on a permissioned network. Central banks would not want to be involved directly in the operation of smart contracts, though they could set standards, and build them into a programmable CBDC. So the programmable money revolution could take more than one form, and happen sooner rather than later. The panellists at this Future of Finance webinar will explore what programmable money could do to our existing financial system and what sort of system or systems it might create. Hosted on Acast. See acast.com/privacy for more information.

Shamir Karkal Co-Founder & CEO Sila chats with Sanjay Swamy, Managing Partner Prime Venture Partners.Listen to the podcast to learn about02:30 - How an email led to birth of Neo banking12:30 - Building Simple: "We did everything wrong before we did everything right"23:15 - Simple's not so simple acquisition journey33:00 - Race of tech platforms and why India might emerge as a winner42:20 - Similarities between money and email47:00 - Shamir's advice to entrepreneurs: Do it soonerYou can read the complete transcript here: https://primevp.in/content/podcast/55-birth-neobanking-and-building-programmable-money-layer-internet-shamir-karkal-co-founder-ceo-sila/Enjoyed the podcast? Please consider leaving a review on Apple Podcasts and subscribe wherever you are listening to this.Follow Prime Venture Partners:Twitter: https://twitter.com/Primevp_inLinkedIn: https://www.linkedin.com/company/primevp/ This podcast is for you. Do let us know what you like about the podcast, what you don't like, the guests you'd like to have on the podcast and the topics you'd like us to cover in future episodes. Please share your feedback here: https://primevp.in/podcastfeedback

Bram Cohen, the legendary inventor of BitTorrent, talks about his programmable money startup Chia . It plans to make cryptocurrencies more efficient and easier to use then today. Bram is joined by Chia's president Gene Hoffman, former CEO of Vindicia and co founder of emusic. Visit https://www.chia.net/ to learn more.Join discussions with Chia community.https://keybase.io/team/chia_network.publicBusiness whitepaper : https://www.chia.net/assets/Chia-Business-Whitepaper-2021-02-09-v1.0.pdfLearn about Chia programming language Chialisp. https://www.chia.net/2019/11/27/chialisp.en.htmlYou can also install Chia blockchain GUIFor window users :https://download.chia.net/release-candidate/ChiaSetup-0.2.2.exeFor mac users :https://download.chia.net/release-candidate/Chia-0.2.2.dmgAll others :https://github.com/Chia-Network/chia-blockchain/wiki/INSTALLFor understanding concepts relating to Chia coins also checkout :https://www.chiaexplorer.com/chia-coinsLearn about Chia programming language Chialisp. https://www.chia.net/2019/11/27/chialisp.en.htmlOur Sponsors: Liqid.com 's innovative composable platform empowers companies to transform their on prem static architecture into a dynamic one quickly. Run heavy duty AI workloads in the morning and easily repurpose same hardware to run completely different workloads at night with just a few Clicks. Configure bare-metal servers easily in seconds.Learn more about them at https://www.liqid.com/

Episode 2 of season 2 is here, and in this instalment of Fintech Daydreaming Pål Krogdahl and Ville Sointu catch up with an old - Jack Nikogosian from Aryze to talk about all things smart money, and to return to some old debates Jack and Ville had in 2019 (see the linked YouTube video). Did we actually agree on anything in this show? Did Jack get a chance to revisit the topics Ville and him debated in 2019? Tune in to find out! This episode runs a bit longer than usual because we just couldn't stop talking. We hope you find it worth your time regardless. Guest: Jack Nikogosian (@JackNikogosian, https://dk.linkedin.com/in/jacknikogosian) Links mentioned in the show: Jack & Ville debating future of money - https://youtu.be/yL1NCAF9b_0 Finextra: US seizes bitcoin linked to terror groups - https://www.finextra.com/newsarticle/36395/us-seizes-bitcoin-linked-to-terror-groups Do you have a subject you would like Pål and Ville to cover in a future episode, or would you like to attend as a guest? Then feel free to ping us: .- Fintech Daydreaming on LinkedIn - https://www.linkedin.com/company/fintech-daydreaming .- Pål Krogdahl - https://www.linkedin.com/in/krogdahl/ .- Ville Sointu - https://www.linkedin.com/in/ville-sointu-54682b/

Shamir and Angela explain the fascinating meanings of the word, Sila. They describe their business model, their customer base, and their back-end infrastructure based on Ethereum. They explain their revenue model -- they say their pricing is so good, especially for startups, that they put it right on their homepage. And they share their vision of the money world of the future. They point out that programming has been transformed in the last decade, so that it’s easy today to integrate new technology into existing systems using software development kits, without the need for complex, expensive integrations.. Why, they ask, can’t the world of banking and payments work like that? Why does it take three days for a global bank to move money? And what should a 21st century commerce system look like? Shamir and Angela think it should connect everyone on the planet; it should work over the internet; and it should enable anyone to build and ship applications on top of it, using standardized protocol libraries that developers can draw upon.

In this episode of Tech Intersect, I speak with Dante Disparte, vice chairman and head of policy and communications for the Libra Association, an independent membership organization focused on creating a stablecoin that supports a financially-inclusive digital future. He is also the founder and chairman of Risk Cooperative and serves on the Federal Emergency Management Agency's National Advisory Council. Now one year into the LibraCoin Project, Dante and I delve into an illuminating conversation about its evolution, current status as of May 2020, the Facebook privacy controversy and testimony before the United States Congress and regulatory landscape, and plans for the fall 2020 launch in the United States and beyond to empower the unbanked and underbanked around the world. And our discussion takes place in the midst of the COVID19 pandemic, which has helped make the case even more clear cryptographically secured digital, user-directed, low cost, contactless payments.  **SPONSORED BY ADVANTAGE EVANS™ ACADEMY** There's a more cost effective and time-efficient way to reach your leading-edge learning and earning goals, to put you ahead of the stiff competition in this fast-paced, tech-driven economy.Considering the broken state of ‘higher' education, there has to be a better way. The fact is, traditional education costs too much, takes too long, and offers no guarantees of a job upon graduation. You need skills. Credentials. An advantage. Upcoming sessions:From Cash to Crypto: Buying Your First Bitcoin (6/30-7/14) Pre-enroll by May 31 for BONUS crypto tax session + Cointracker membership Register Right!: Protect Your IP, Brand & Business (7/21-8/4) Pre-enroll by June 21 for BONUS session for coaching to register your mark! Ready for an advantage? Inquire now!Guest social assets: Twitter: @DDisparteLinks: About Libra: https://libra.org/en-US/Tonya's interview with Tom Merritt: Don't Fear the Libra (re: Facebook's corporate currency initiative) on The Daily Tech Show with Tom Merritt (Aug. 10, 2019)Questions and requests: hello@techintersectpodcast.com Follow: Twitter @AtTechIntersect and Instagram @TechIntersect Web: TechIntersectPodcast.com & AdvantageEvans.comMailing ListRapternal Music (Regulate and The Rabbit Hole) by Notty Productions is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. Produced by Tonya Evans for FYOS Entertainment, LLC, and Stephanie Renee for Soul Sanctuary, Inc.Support the show (https://tinyurl.com/techintersectvip)

Welcome back to this week's episode where we talk about The Power of Programmable Money with special guests CEO of Compound Finance Robert Leshner, CEO at Kleros Fredrico Ast, and Founder and CEO of Sablier Paul Razvan Berg.  The Money Movement is a live broadcast internet TV show running every Thursday from 1pm–1:40pm Eastern Daylight Time (EDT). Episodes will be available live and on-demand on The Money Movement YouTube channel

Welcome back to this week's episode where we talk about The Power of Programmable Money with special guests CEO of Compound Finance Robert Leshner, CEO at Kleros Fredrico Ast, and Founder and CEO of Sablier Paul Razvan Berg.  The Money Movement is a live broadcast internet TV show running every Thursday from 1pm–1:40pm Eastern Daylight Time (EDT). Episodes will be available live and on-demand on The Money Movement YouTube channel, or on the Circle site.

We are live! We held a live podcast at Gitex and discussed an awesome topic ‘The future of programmable money’! We had two great guests on the show: Gabriel Abed from Bitt.com and Aruba Khalid from the Dubai Future Foundation. In this episode, we discussed: * Why programmable money is important (04:17) * What is programmable money (06:32) * Money for the authorities: Is there an argument for separating political decisions from economic outcomes (09:47) * How Bitt.com have helped central banks to create central bank digital currency (11:47) * Advantages of central bank digital currencies (16:42) * Are banks needed if central banks create their own central bank digital currencies? (18:00) * Money for the corporations: Libra and how money is based on its usefulness (19:18) * Can we program money that is useful and is private? (22:22) * The roles of regulators when regulating Money for the corporations (25:17) * The advent of corporation based money (29:45) * Now it all depends on who you trust (32:02) * Money for the people: Cryptocurrencies have forced the conversation (35:29) * Bitcoin is designed to protect the 99% (36:22) * Bitcoin prices and fluctuations (39:17) This was another amazing live panel we hosted as we discussed the real problems and questions surrounding programmable money and what sound money looks like. If you liked what you heard, please do leave us a review on Apple Podcasts and the other platforms. Don’t forget to support us by spreading the word and hitting that subscribe button! Special Guests: Aruba Khalid and Gabriel Abed.

To figure out why blockchain programming is just programming, we talk with Gerald Bauer about his views on No-Coiners and Bitcoin Maximalists, differences between Bitcoin and Ethereum, and finally how to solve the halting problem.

StarkWare is solving two of blockchain’s biggest issues. Key takeaways: StarkWare is building a full proof-stack that allows blockchains to be more scalable, secure, and private; There are many applications for this technology including allowing users to trade their digital assets on centralized exchanges from a non custodial wallet; The StarkWare team is world class, and their technology could prove to be one of the most important innovations in the blockchain space. Full show notes at http://wing.vc

What if launching an application on the blockchain was fast, simple, and user-friendly? Today, we are joined by Illia Polosukhin, co-founder of NEAR Protocol. Key takeaways: NEAR Protocol aims to be the most developer-friendly blockchain, with ambitions to be a community operated cloud platform; NEAR is using a proof of stake consensus but has a sophisticated governance model; NEAR plans to launch mainnet in summer 2019, and you can follow the team’s progress at NEARProtocol.com

What if there was a way retain total privacy with your digital transactions? Join us for a look at how Grin aims to be the first private electronic cash, how it compares to Bitcoin, and the important impact this technology could have on democracy. Key takeaways: Grin is a 3-month-old crypto asset that aims to be digital cash; Unlike Bitcoin’s fixed supply schedule, a new Grin will be created every second; Grin has seen developer-led community support, and has an early but vibrant community

UMA wants to create universal market access for financial products. Co-founder Hart Lambur joins us to discuss their newest product and future plans. Key takeaways: UMA is a decentralized financial contracts platform, built to enable Universal Market Access; Synthetic assets are incredibly important for the evolution of open finance, because they make financial markets more accessible; UMA is the infrastructure layer that will allow anyone to both create and trade synthetic assets.

Join us as we chat with Marc and Kevin from Tagomi. Key takeaways: Executing large orders of digital assets is hard and Tagomi makes it simple by automating best execution and settlement; For crypto to mature into a credible asset class, infrastructure like Tagomi is critical to making trading, settlement, and custody more professional and institutional; Tagomi has an exciting product roadmap, including adding more tokens, integrating more exchanges, and adding more financial features.

CoinList's goal is to help token issuers succeed by managing capital formation and building community. CoinList is the trusted platform for running compliant token sales; Token projects face an incredible amount of regulatory uncertainty and compliance when launching a token sale and are strongly advised to work with a platform like CoinList to launch compliantly; CoinList is successfully launching new community building projects, including the recent platform to manage developer hackathons.

Avichal Garg joins us on Base Layer for Episode 20!! Avichal has so much experience in technology, coming from Google, Spool (a startup he co-founded) and Facebook. Recently he launched Electric Capital to invest in Programmable Money; we discussed the blockchain not bitcoin narrative, their massive Dev Report, on the talent continuing to come into crypto and much more.

How do decentralized applications get data from underlying sources and transform it in meaningful ways? Key takeaways: Getting data off blockchains today is difficult; The Graph is a decentralized platform for querying data that uses GraphQL, a query language developed in open source by Facebook; The Graph can help eliminate data silos by providing a powerful API to get exactly the data you need in a single request, seamlessly traversing and combining multiple data sources. Full show notes at http://wing.vc

Key takeaways: The size of the institutional investor base is much larger than the retail investor base, and institutional investors have yet to come into crypto; Bitwise is the first cryptocurrency fund and filed an application to launch the first Bitcoin ETF; With Bitwise, investors can rest assured their assets have proper custody, reporting, and oversight; If interested in investing with Bitwise, check out their website at www.BitWiseInvestments.com

Hear from some of the smartest investors in the space: Nic Carter and Matt Walsh of Castle Island Ventures. Key takeaways: Castle Island believes the most compelling investment opportunities in crypto are in public blockchain infrastructure and applications; Nic talks about public-private key management and potential businesses built around this industry; In addition to interest in infrastructure and application, Nick and Matt are bullish on non-sovereign, censorship-resistant store of value.

The internet has fundamentally changed our lives, but along with the benefits, what kinds of challenges has it created? Key takeaways: One of the primary concerns around today’s general purpose smart contracting platforms is the lack of privacy-preserving technologies; Oasis is a platform with improved scalability and privacy-preserving smart contracts; Privacy-preserving smart contracts have the potential to eliminate data silos by improving the coordination and access controls around data.

Felix Feng, founder of Set Protocol, talks decentralized finance and what it means to bundle your tokenized assets. Key takeaways: Felix is most interested in crypto’s potential to transform the financial services industry; Set is an important layer in the decentralized financial stack, along with other protocols like 0X, Dharma, Compound, and dYdX; Set is going after the $4 trillion currently invested in ETFs by allowing tokenized assets to be bundled in creative ways.

Tomer Afek of Spacemesh on how the Proof of Space Time consensus protocol is built on fairness and what that means in the creation of a cryptocurrency. Key takeaways: Proof of Work blockchains suffer from known scalability issues and energy waste and Proof of Stake solutions risk compromised decentralization and security; Spacemesh is creating a protocol and token for money use-cases ; Spacemesh aims to create money that is energy efficient, highly decentralized and democratic, and fair.

Figure's Mike Cagney is applying blockchain technology to traditional financial services in compelling new ways. Figure will offer faster, cheaper home equity products to consumers; Figure will abstract a way to use blockchain technology to the consumer, integrating with a new native blockchain called Provenance; Offering faster and cheaper loans is a practical use case for blockchain technology that is going after a $100 billion market; Mike is one of the smartest minds in financial services.

The CryptoKitty craze brought some attention to non-fungible tokens, but what else is possible for this type of crypto asset? Key takeaways: Scarce digital collectibles, known as non-fungible assets are one of the exciting use cases enabled by blockchains; OpenSea is the first and largest marketplace for crypto goods, like an Ebay for crypto assets; Although usability and adoption are early, there is a lot of potential for non-fungible assets to be one of the killer use cases for crypto.

Thomas France, co-founder of Ledger, explains the simple steps to using Ledger and why it’s the most popular hardware wallet. Key takeaways: It is important to understand our self-custody options when it comes to cryptocurrencies, and a hardware wallet is a popular option Ledger is a leading hardware wallet that has sold over a million wallets Ledger has recently launched new product lines including its consumer Ledger Live product and its more enterprise focused Ledger Vault product Full show notes at http://wing.vc/

Learn how dYdX makes decentralized financial derivatives and margin trading possible, and what the future may hold for the crypto counterpart of the most massive market in the world. Key takeaways: Antonio believes the most interesting area in crypto is the financial stack that is being built out dYdX has recently launched a margin trading protocol with the ability to short assets and go leverage long dYdX has plans to launch an options protocol to write, buy, or trade options on any token Full show notes at http://wing.vc/

Avichal Garg of Electric Capital on the team's crypto investment strategy and why programmable money is the foundation. Key takeaways: Electric Capital believes that the most compelling investment opportunity in crypto today is in programmable money. They define programmable money as potential monetary stores of value, private transactions, and smart contracts. Electric believes that programmable money is the most promising segment because it's useful today has a huge potential market size. Full show notes at http://wing.vc/

We believe in an exciting and inevitable future where everything that we do will be fundamentally touched and transformed by blockchain technology and the world will be an infinitely better place to live, work, and play.Consequently, our mission is to accelerate the growth of blockchain within the public conscience, vernacular, and culture through awareness, education, and entertainment.In fact, our first explicit milestone is to get 1,000,000 new folks into blockchain, bitcoin, and cryptocurrency! This is just the first of many steps!If this resonates with you then join us; you are the vanguard.Subscribe on YouTube - https://www.youtube.com/channel/UCueLJ4vLHTwMpYILmdBjRlgFollow on Twitter - https://twitter.com/decentralizedtvFollow on Google + - https://plus.google.com/+DecentralizedTVOriginal Articles on Medium - https://medium.com/decentralizedtvEmail List - https://mailchi.mp/fa9de7339b0c/decentralized-newsSupport Decentralized TV original projects!Crypto Social Exchange - https://yen.io/The Bitcoin Pub - https://thebitcoin.pub/Crypto News - https://cryptoyum.com/Coin Prices and More - https://coinpuffs.com/

Reach Us Here: Doug- @DJDoug Strickland- @NiceGuyonBiz Joshua DeWitt - @Josh_CoinLion   Show Notes by Show Producer: Anna Nygren   Programmable Money, Is It the Future of Money?   In this episode, Doug and Joshua discuss: Cryptocurrency The legality of it all Breaking it down in laymen's terms What is it's value, really?   Key Takeaways: Cryptocurrency is digital currency What you have when you have cryptocurrency, you've got a type of digital real estate There's no underlying company with Bitcoin, it's open source You've got to be fully verified and trust worthy to put money in       "To put it simply, Cryptocurrency is the ability to transact money digitally without a third party" - Joshua DeWitt     Connect with Joshua DeWitt:   Twitter: @Josh_CoinLion Facebook: https://www.facebook.com/CoinLion.official/ Website: https://coinlion.com/     Nice Guys Sponsor: Interview Valet is the  best podcast booking service. They are the leader in Podcast Interview Marketing to help you easily turn listeners into leads.   Nice Guys Links Support the podcast at www.Patreon.com/NiceGuys   Subscribe to the Podcast   Niceguysonbusiness.com   TurnkeyPodcast.com - You're the expert. Let us help prove it. Podcast Production, Concept to Launch   Book Doug and/or Strick as a speaker at your upcoming event.   Amazon #1 Best selling book Nice Guys Finish First. Doug's Business Building Bootcamp (10 Module Course)   Survey: Take our short survey so The Nice Guys know what you like.     Partner Links: Amazon.com: Click before buying anything. Help support the podcast.   Interview Valet:  Get interviewed on top podcasts and share your message.   Acuity Scheduling: Stop wasting time going back and forth scheduling appointments   Social Quant - Boost your Twitter following the right way. Targeted reach     Promise Statement: To provide an experience that is entertaining and adds value to your life.   Don't underestimate the Power of Nice.

Is Ethereum the revolution to the cryptocurrency world that Bitcoin fell short of? Learn how this cryptocurrency has raised the bar on blockchain technology, now! Many are calling Ethereum 'Bitcoin 2.0' and for good reason! Bitcoin is a bit like a rudderless ship with two separate teams (the developers and the miners) trying to take the project in different directions. Ethereum has a clear vision, a fired up team and truly holds the potential to revolutionize digital business in the new blockchain enabled world. The best part is that Ethereum is focusing on creating a platform that can be leveraged by developers in a way that decentralizes control from the mega corporations and banks which make for a potentially 'better way to do business' When there is a better way to do business that can offer better deals for the users, potentially revolutionary things can happen. This is why many mega corporations have joined the Enterprise Ethereum Alliance so they can be on the leading edge of integrating this blockchain technology into their business structures: entethalliance.org/ Although Bitcoin is a bit older and has a better 'brand name' I believe the tech behind Ethereum is far superior. The first video I did on Bitcoin is here: /www.youtube.com/watch?v=3Zzp6FC0DWU Learn more about Ethereum here: www.ethereum.org/

Cryptocurrencies have the potential to be TCP/IP of money. What does the future look like if they do to money, what the internet did for information? Learn about Ethereum, one of the top cryptocurrencies of 2017.  Piper Merriam, Ethereum developer, presenting at Boulder Startup Week.  Video of this talk available at https://www.youtube.com/watch?v=zPoaMC1qNFY and embedded below: