Quote, we believe a digital euro is a preemptive response, a crypto-cryptanite, a big tech neutralizer.

For my part, I think it is worth being forceful in our separation of these two things,

peer-to-peer network cryptos and big tech monies like Libra.

One is an extension of power of an old but already powerful entity in big tech.

The other is a new organizational form that

leaches power from institutions and distributes it across networks. I think this distinction is going

to be incredibly important in the future, including and especially to regulators, because

there is no doubt that fintech is the enemy they have their sights on.

Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is sponsored by nexo.io, Casper, and NEM, and produced and distributed by CoinDes.

What's going on, guys? It is Friday, March 19th, and today we are discussing

CBDCs and the absolute control of central banks. First up, however, let's do the brief.

First up on the brief today, U.S.-China Talk talks. So one of the hallmarks of the last presidential

election cycle was frankly a competition to see who could be harder on China. Well, the first

face-to-face high-level talks between the two countries are happening, and at least when it

comes to the show, toughness is definitely the name of the game. U.S. Secretary of State

Anthony Blinken accused Beijing of being a force for undermining global stability.

His counterpart on the Chinese side said that the U.S. wasn't qualified to speak to China

from a position of strength. As Bloomberg pointed out, both sides' comments seemed designed

primarily for domestic consumption. Coming out of their recovery from the

coronavirus, China is emboldened, and coming off of four years of Donald Trump, the U.S.'s course is to some

...