172 - DEBATE: Why We Need a Digital Dollar | Rohan Grey vs. RSA
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 22 May 2023
⏱️ 85 minutes
🧾️ Download transcript
Summary
Rohan Grey is an assistant professor at Willamette University College of Law and has been involved in the world of politics and government as it relates to our public money systems.
You might remember him as the guy behind the STABLE Act (Stablecoin And Bank Licensing Enforcement) which turned into an episode we did with him in December of 2020.
The topic of CBDC and the politicization of our money system has returned, so we wanted to get Rohan back on to learn about what this conversation from his point of view.
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✨ DEBRIEF | Unpacking the episode:
https://www.bankless.com/debrief-rohan-grey
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In today’s episode, Rohan helps us understand:
1) Who are the power structures supporting and fighting over the CBDC
2) Why the crypto community might have to support a digital dollar… or else!?
3) Why you should be skeptical about the anti-Gensler politicians
4) Finding the common ground between Rohan and Bankless
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TIMESTAMPS:
0:00 Intro
7:39 CBDC Fight in D.C.?
9:20 What Side Is Rohan On?
11:07 Public vs. Private Money
14:36 The Political Chessboard
25:11 Republicans & CBDCs
30:22 Anti-Gensler Republicans
34:23 Central Bank Independence
40:15 Elizabeth Warren War on Crypto
51:25 Crypto x Political Alignment
57:50 The Case for Crypto
1:02:52 Public Goods & Capitalism
1:04:33 Digital Dollar & Privacy
1:07:21 The Central Banker Problem
1:16:49 Property Rights
1:22:44 Rohan’s Advice to Builders
1:28:09 Closing & Disclaimers
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RESOURCES:
Rohan Grey
https://twitter.com/rohangrey
Rohan’s Previous Bankless Episode
https://youtu.be/1ywsNq0XAfE
No Spy Cash
https://www.nospycash.com/
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:11.9 | This is how to get started, how to get better, and how to frontrun the opportunity. |
| 0:15.4 | This is Ryan Sean Adams. |
| 0:16.4 | I'm here with David Hoffman, and we are here to help you become more bankless. |
| 0:21.2 | Why we need a digital dollar, the question of a CBDC, this is a debate that Rowan Gray |
| 0:26.4 | and I were having over Twitter, I believe, via DMs, a debate, a conversation, a back-and-forth |
| 0:32.7 | that I knew at the end of this conversation we needed to convert into an episode. |
| 0:36.5 | So that is what we are doing today. |
| 0:38.5 | CBDC has been a hot topic. |
| 0:40.6 | Republican frontrunners are revoking their support for CBDC. |
| 0:44.1 | They see it as a threat to the United States. |
| 0:47.2 | What does this mean? |
| 0:48.2 | David has called this CBDC season two. |
| 0:50.4 | I think that's what we're in today. |
| 0:52.0 | And Rowan Gray, of anyone on the planet, offers the most unique perspective. |
| 0:57.3 | Some issues David and I disagree with him on. |
| 1:00.0 | Some issues we wholeheartedly agree. |
| 1:01.9 | You're going to have to stay tuned this episode to find out where we disagree and where |
| 1:05.6 | the common ground lies. |
| 1:06.9 | A few things that we covered today. |
| 1:08.3 | Number one, who are the power structures supporting and fighting over, essential bank |
| 1:13.2 | digital currency? |
... |
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