BREAKDOWN: The Battle for the Future of Money, feat. Lawrence Summers, CZ, Michelle Phan, the Winklevoss brothers, The Chainsmokers and more.
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 29 May 2020
⏱️ 49 minutes
🧾️ Download transcript
Summary
As the economic dimension of the COVID-19 crisis comes into clearer view, what have we learned about the battle for the future of money? Does the dollar reign supreme? Are within-the-system competitors like the euro or China’s digital yuan gaining ground? Does an outside the system alternative like bitcoin stand a chance?
This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.
Over the last month, the “Money Reimagined” series has looked at the battle for the future of money.
Episode 1 focused on the dollar and why it is simultaneously stronger and more set up to fail than ever before.
Catch up: Why the Dollar Has Never Been Stronger or More Set Up to Fail
Episode 2 was all about the obvious contenders to replace the dollar such as the euro or China’s currency, especially as they race towards a digital yuan. It also looked at where Facebook’s Libra might fit in the mix.
Catch up: The Rise of the Dollar Killers
Episode 3 looked at one of the most unique features of this modern currency battle - the fact that there are fundamentally new systems like bitcoin in the running. Can a non-sovereign currency actually be more relevant than global fiats?
Catch up: Where Bitcoin Fits in the New Monetary Order
This final episode of the “Money Reimagined” series checks in on each of the previous episodes but brings a new set of voices to the mix. Between May 11 and May 14, CoinDesk hosted Consensus:Distributed, a virtual summit featuring some of the leading lights in crypto, finance, economics and pop culture. In this episode, we hear from those voices, including:
- Lawrence Summers - former U.S. Treasury Secretary
- Christopher Giancarlo - former Chairman of the CFTC
- Michelle Phan - YouTube innovator and founder of Ipsy
- Chaoping Zhao - founder and CEO of Binance
- The Winklevoss brothers - founders of Gemini
- The Chainsmokers - Grammy-winning artists
- Carlota Perez - influential economist
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Transcript
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| 1:03.8 | Welcome back to the breakdown, Money Reimagined, a special podcast micro series about the battle for the future of money in the post-COVID-19 world. |
| 1:10.9 | This episode is sponsored by Aris X, the Stellar Development Foundation, and Grayscale Digital Large Cap Fund. |
| 1:12.4 | And now, here's your host, NLW. |
| 1:18.8 | Welcome back to the Breakdown's Money Reimagined. |
| 1:22.9 | Welcome back to the Breakdowns Money Reimagined. |
| 1:26.4 | Today we reach the final chapter in our four-part series |
| 1:28.9 | on the battle for the future of money. The premise of this series is that there is an increasingly |
| 1:33.8 | interesting competitive battle emerging for what the future of money will hold. In our time, |
| 1:39.8 | that means not only what government-issued currencies will thrive, but whether new forms of |
| 1:44.7 | currencies have a chance, whether it's those issued by corporations or consortiums or |
| 1:49.5 | decentralized networks or pseudo-anonymous monetary geniuses that drift quickly into the shadows |
... |
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