SOB: If Facebook Can’t Run a Global Currency, Who Could?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 7 November 2021
⏱️ 40 minutes
🧾️ Download transcript
Summary
This episode is sponsored by Nexo.io.
A recent letter addressed to the social media giant from five democratic senators laid it out clearly; There's simply no way Meta (formerly Facebook) will be allowed, much less trusted, to run a supra-national stablecoin. It's a stance many agree with but it brings up a larger and much more controversial question. If one of the biggest, most successful consumer-facing companies in the world can't do it, who could?
Join hosts Adam B. Levine, Stephanie Murphy, Jonathan Mohan and Andreas M. Antonopoulos for this wide-ranging conversation as they dig into the thorny issues of power, currency, trust and monetary policy.
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Today’s show featured Andreas M. Antonopoulos, Jonathan Mohan, Stephanie Murphy and Adam B. Levine, with editing by Adam B. Levine and music by Gurtybeats.com. Our episode art is a photograph by Annie Spratt/Unsplash modified by Speaking of Bitcoin
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Transcript
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| 0:00.0 | This episode of Speaking of Bitcoin on the Coin Desk Podcast Network is brought to you by nexo.io. |
| 0:06.0 | The whole thing about disruptive technology, right, is that if something disruptive can be stopped by the people who are being disrupted, then obviously they're going to stop it. |
| 0:17.7 | Hey folks, I'm Adam E. Levine, and this is Speaking of Bitcoin. |
| 0:26.1 | On today, we're going to talk about power in the post-bitcoin era, how and why it's different from what came before. |
| 0:29.5 | To do that, I'm joined, as always, by the other host of this show, Stephanie Murphy. |
| 0:30.3 | Hi. |
| 0:31.3 | Jonathan Mohan. |
| 0:32.1 | Hey, hey. |
| 0:34.3 | And Andreas M. Antonopoulos. |
| 0:34.9 | Bye-bye. |
| 0:37.7 | This isn't a new topic. In fact, it feels like we've been talking about these issues for most of the year and a little |
| 0:41.2 | bit less on the nose for quite a bit longer than that. |
| 0:44.3 | But there's a new catalyst that got me thinking about it yet again. |
| 0:47.3 | And spoiler alert, it's Facebook. |
| 0:49.4 | Or more specifically, the letter sent to Facebook CEO Mark Zuckerberg from a number of |
| 0:53.5 | U.S. senators immediately following, like literally within hours, the announcement that the digital wallet subsidiary of Facebook Novi would be launching a pilot program in Guatemala and the U.S. |
| 1:03.9 | Wait, wait, isn't it going to be Metaverse soon? |
| 1:06.4 | Yeah, it's going to be Metaverse soon. |
| 1:07.6 | Yeah, so it'll be the Metaverse yet. |
| 1:09.9 | The Metaverse associated. It's probably going to be Ethical Metaverse. |
| 1:12.7 | Yeah. |
| 1:14.0 | Ethical Black Hole. |
... |
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