BREAKDOWN: Why 'Crypto Dad' Is Building the Digital Dollar Foundation
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 16 January 2020
⏱️ 17 minutes
🧾️ Download transcript
Summary
As Libra continues to spur discussions among regulators around the world, and China’s digital yuan comes ever closer to fruition, the U.S. Federal Reserve seems disinclined to look seriously at a digital dollar. Ex-CFTC Chair Chris Giancarlo - aka “Crypto Dad” - isn’t waiting around. He has teamed with Accenture to launch the nonprofit Digital Dollar Foundation.
As crypto continues to evolve, it does so in sometimes divergent directions. Gemini announced a new insurance company designed to make big institutions more comfortable with the space. Zcash, meanwhile, released an updated SDK to make it easier to shield transactions via mobile. Can the privacy-preserving side of crypto co-exist, ultimately, with the sanguine institutional side?
Finally, we revisit our discussion of personal tokens and ISAs, as well as look at the latest research from Coinmetrics on whether bitcoin is behaving like a safe haven asset.
Topics discussed:
Former CFTC head Giancarlo launches Digital Dollar Foundation
Gemini creates an insurance company with $200m limit to protect clients
Coinmetrics examines bitcoin safe haven narrative
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Transcript
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| 1:03.7 | Welcome back to the breakdowndown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW. |
| 1:07.1 | The Breakdown is distributed by CoinDesk. |
| 1:14.8 | Welcome back to The Breakdown. It is Thursday, January 16th, and today we're going to be trying something just a little bit different. I'm going to try organizing things into segments |
| 1:20.5 | that have a little bit clearer of a prompt just to see how you guys respond. And so we're |
| 1:25.7 | going to start off with what I think is the most |
| 1:28.3 | important story of the day. That's where we'll start. Crypto Dad is back. The former head of |
| 1:36.0 | the Commodity Future Trading's Commission, the CFTC, Christopher Giancarlo, affectionately known in |
| 1:42.0 | the crypto world as Crypto Dad, has just announced a new project, |
| 1:46.4 | a new laboratory, a nonprofit lab, to build a digital dollar. |
| 1:52.3 | Basically, Christopher Giancarlo thinks that the dollar risks losing its role as the world's |
| 1:57.6 | global reserve currency in light of emergent digital currencies such as the |
| 2:02.2 | forthcoming digital yuan. |
... |
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