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CoinDesk Podcast Network

BREAKDOWN: Davos, CBDCs, and the Rise of Bitcoin Art

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 24 January 2020

⏱️ 21 minutes

🧾️ Download transcript

Summary

That’s a wrap! The World Economic Forum is over, and the key ideas coming out of Davos for our industry are: 1) a continued ‘blockchain, not crypto’ narrative; 2) a believe in the inevitability of cashless futures (without much concern about the negative implications); and 3) the rise of CBDCs. 

On the CBDC front, the WEF put out a toolkit for governments that are considering their own currency; Japan announced a project to explore a digital currency as a counterweight to the influence a digital yuan might bring China; and a BIS study says 1 in 10 governments anticipate having a digital currency within 3 years. 

Finally, we close asking prolific bitcoiner and artist Brekkie von Bitcoin about the state of bitcoin art and why even the hardcore financially-minded folks in the space should care. 


Topics Discussed

The WEF wraps up and it’s all ‘blockchain not crypto’ and cashless futures

https://www.coindesk.com/notes-from-the-wef-cash-is-dead-long-live-digital-cash

1 in 10 central banks planning CBDCs in the next 3 years

https://www.wsj.com/articles/central-banks-warm-to-issuing-digital-currencies-11579796156

Japan floats idea of digital currency to counteract influence of China

https://www.reuters.com/article/us-japan-economy-digital/japan-ruling-party-lawmakers-to-float-idea-of-issuing-digital-currency-idUSKBN1ZN0OU

Brekkie’s Bitcoin Art Newsletter

https://www.vonbitcoinart.com/newsletter

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to The Breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW.

0:15.0

The Breakdown is distributed by CoinDesk.

0:20.3

Welcome back to the breakdown.

0:22.7

It is Friday, January 24th, and Davos has come to a close.

0:27.8

Yes, we started the week talking about whether crypto should even care about the conversations

0:32.9

at the World Economic Forum.

0:34.6

We're going to end the week starting off with three of the key Davos themes

0:38.0

and what we learned about the global establishment's thoughts about cryptocurrencies and

0:43.2

digital currencies and blockchains this year. Second, we're going to dive into one particular

0:48.3

issue, which just as we thought was right at the center of the Davos conversation, which is

0:53.2

central bank digital currencies.

0:55.2

This is going to be one of the most important themes for the year, as this week makes clear.

1:00.6

And then finally, we're going to end on a different type of note, something fun and interesting

1:04.8

for a Friday. I asked my friend Brecky von Bitcoin to talk a little bit about Bitcoin art and culture and even why it should

1:15.1

matter to folks who don't particularly care about the culture side of Bitcoin or even the

1:20.1

philosophical side, but just the finance side. So it should be an interesting episode. And let's

1:25.2

start with these three conclusions or themes from Davos. All right, let's start with these three conclusions or themes from

1:28.9

Davos. All right, let's start with the banner headline from Davos this year. As the CoinDesk

1:35.0

Confidential newsletter put it, crypto and Bitcoin are still dirty words, but blockchain, its

1:41.0

neutered cousin, has been fully assimilated. This was definitely a year where

1:45.9

there was conversation about blockchain frequented throughout, but it was subsumed in the context

1:51.6

of other issues. There were conversations about how blockchain might be able to help in the context

...

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