The delicate balance between efficiency and decentralization, and the potential for crypto's democratic governance. This episode is sponsored by Cboe Digital In this week's installment of "Money Reimagined," hosts Michael Casey and  Sheila Warren delve into the challenges of self-custody following the notorious Ledger hack, reflecting on a year of reckoning and consolidation in the crypto industry. Our hosts stress the pivotal role of decentralization and choice in system design and underscore the urgency of constructing a robust foundational layer for the future of decentralized technologies. Gain insights into the principles of decentralized governance and its parallels with constitutional principles. Links |  What We Know About the Massive Ledger Hack Ledger Exploit Endangers DeFi; Sushi Says 'Do Not Interact With ANY dApps' Lido Tests of 'Distributed Validator Technology' Portend 2024 Decentralization Push Ethereum Platform Infura's Step Toward Decentralization Includes Microsoft, Tencent From our sponsors: Do you have a trusted partner for your crypto trading? Cboe Digital will introduce financially settled margin futures on Bitcoin and Ether on January 11th, 2024 with physically delivered contracts to follow.  Listed and cleared on Cboe’s U.S. regulated exchange and clearinghouse, and complemented by a liquid crypto spot market for greater ease and access.  We invite you to learn more about this and all applicable risk disclosures at cboedigital.com/coindesk. - Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.