This episode of Speaking of Bitcoin on the Coin Desk podcast network is brought to you by crystal

blockchain.com. And, you know, in their own paper, they're saying that dollarization and then

cryptoization are both mechanisms by which you reduce the control of central banks and more

specifically the IMF over the ability of normal people to live

their lives and engage in commerce. And they're explicitly stating it. And so if anything,

the whole darn reason we got involved in Bitcoin in the days that we did, this is like a cheers.

You know, like they're raising their champagne glass to saying the thesis is not only correct, but good God,

could you please stop because it's actually doing what you want it to do.

Bitcoin, or at least cryptocurrency, is one of the biggest threats, number two out of three,

in fact, facing our world today. Or at least that's the story being told by the International

Monetary Fund, better known as the IMF. The IMF is one of these supernational organizations that

plays a very large role in the coordination of international monetary policy among other things,

but what are they concerned about and why is it so dire? Well, it's cryptoization, of course,

a word that you've probably never heard of, I certainly hadn't. But on this episode, boy, oh boy, are you going to? But before we get to that, my name

is Adam B. Levine, and this is speaking of Bitcoin. Today I'm joined, as always, by the other host

of the show, Andreas M. Antonopoulos. Hello. And Jonathan Mohan. Hey, hey. Stephanie is out this

week.

So in their introduction to the section, the crypto ecosystem and financial stability challenges.

The IMF explains that the rapid growth of the crypto ecosystem is ushering in a new era that makes payments and other financial services, quote,

cheaper, faster, more accessible, and allows them to flow across

borders swiftly, end quote.

Then going on to say that, quote, bank deposits can be transformed to stable coins that allow

...