BREAKDOWN: Quantitative Tightening and 5 Key Questions for Our Changing World
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 10 April 2020
⏱️ 17 minutes
🧾️ Download transcript
Summary
As we wrap up another crazy week - 6.6m more jobless claims, $2.3T more in stimulus - this episode offers a few key themes and questions for bitcoiners and the crypto-minded to think about over the long Easter weekend:
- Crypto-dollarization: why money is pouring into USD stablecoins and how it could create a future onramp to bitcoin
- ‘Quantitative Tightening’: why a new brand for the bitcoin halving could help us better capture a unique narrative moment
- What it takes to get the economy back to work: beyong the political hemming and hawking, how can we force the real, nuanced conversation of turning the economy back on?
- What it takes to rebuild as a Resilience Economy - and how can bottoms-up networks get started now?
- Moments of transition are moments of leverage: what opportunities can each of us take advantage of?
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Transcript
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| 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. |
| 0:20.0 | Welcome back to the breakdown. |
| 0:22.6 | It is Friday, April 10th. |
| 0:24.6 | And today I'm doing something a little bit different. |
| 0:26.6 | I'm actually recording this on Thursday, April 9th, right after I just did the Pomp interview, |
| 0:31.6 | which hopefully by now you've heard. |
| 0:32.6 | I'm going to be off on Friday and Monday of this week. |
| 0:35.6 | We're taking some family time. |
| 0:43.4 | And so I wanted to record, though, a quick little almost recap episode of what I'm thinking about right now. And so I'm calling it five questions to consider this weekend, five topics to consider this weekend, that is maybe just a little primer on what you can go explore for yourself. |
| 0:54.2 | So I'm going to talk about one crypto dollarization, second quantitative tightening, |
| 0:59.3 | third, what it takes to go back to work, four, what it takes to rebuild a resilience economy, |
| 1:04.8 | and five moments of transition are moments of leverage. |
| 1:08.5 | So let's do this thing. |
| 1:10.1 | All right, let's kick it off with something I've |
| 1:11.7 | been thinking about a lot lately, which is crypto dollarization. Over the last month, as markets in |
| 1:18.8 | obviously both crypto and traditional markets have been extremely volatile as they try to sort out |
| 1:24.1 | what's happening with the coronavirus crisis and what the impact of economic |
| 1:27.7 | lockdowns are going to be. |
| 1:29.8 | One thing that has happened coming out of that is a surge in the supply of USD-backed stable |
| 1:37.0 | coins. |
| 1:37.9 | The supply has grown by billions, right? |
... |
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