Could Local Digital Currencies Improve Communities?

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 22 May 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, NEAR and FTX US. On this week's “Long Reads Sunday,” NLW reads “Let’s Use New Forms of Money to Commit to Our Communities.” - Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now. - NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: yuoak/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.0	The breakdown is sponsored by nexo.io, near an FtX, and produced and distributed by CoinDesk.
0:22.7	What's going on, guys? It is Sunday, May 22nd, and that means it's time for Long
0:27.7	Reads Sunday. Before we get into that, however, a quick piece of housekeeping. There are two
0:33.3	ways to listen to the Breakdown podcast. You can listen on the Coin Desk podcast network feed,
0:38.6	which features both the breakdown as well as other great Coin desk shows, or you can listen on
0:42.9	the breakdown only feed. Both of them come out the same day. The breakdown feed just comes out a few
0:47.6	hours later in the evenings. Wherever you are listening, if you're enjoying the show, I would
0:52.3	really appreciate if you leave a rating or a review.
0:55.1	It makes a big difference.
0:57.1	Finally, a disclosure as always.
0:59.4	In addition to them being a sponsor of the show, I also work with FTX.
1:03.9	Now, today we are reading a piece by Matt Pruitt, who is the president of the Radical Exchange Foundation.
1:09.8	And it's about the way that local
1:11.3	currencies, local digital currencies, could transform how we commit to our IRL communities.
1:17.0	I will use this as a chance to do my normal reminder that me sharing pieces on LRS does not
1:22.7	mean I necessarily agree with them.
1:25.1	I think that there is so much that's challenging in what Matt says
1:28.4	in terms of practical realities and how the world is changing and how digital communities are
1:33.0	supplanting geographic and local communities. But I think that the discussion that he provokes
1:37.9	is one that's worth having and probably needs to include people with lots of different perspectives.
	...

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