The ECB Gets In On Stablecoins, 2017 Token Projects Resurface & Twitter Debates: Is Crypto For Criminals?

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 13 December 2019

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

European Central Bank President Christine Lagarde’s comments on stable coins flew around crypto Twitter yesterday, as she said projects in the space indicated clear demand (even while slighting bitcoin in the same statement). Meanwhile, two once hugely hyped projects - Orchid and Filecoin - have both resurfaced. What might this mean for the narrative of tokens going into 2020? Lastly, in her end of year piece for CoinDesk, Jill Carlson triggered an avalanche of commentary by arguing that crypto isn’t supposed to be mainstream, because its primary use case is to for censored transactions.

Transcript

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0:00.0	Welcome back to the breakdown, an everyday
0:14.0	the most important stories in Bitcoin Crypto and Beyond with me, NLW.
0:23.5	The Breakdown is distributed by CoinDesk.
0:27.5	Welcome back to the breakdown.
0:28.9	What's going on, guys?
0:31.9	It is Friday, December 13th.
0:37.3	And today we are going to be talking about first the European Central Bank on stable coins and actually kind of a narrative,
0:39.6	counter-narrative between the ECB on the one hand and the Swiss government on the other
0:44.5	hand as it relates to central bank digital currencies. Second, we're going to look at two projects
0:49.4	from 2017 that have resurfaced after long absences from the public conversation and look at maybe
0:56.8	what it means for 2020 as it relates to token projects. And third and finally, we're going to
1:03.2	talk about a question that has been a topic of debate, basically forever, but has been
1:08.6	reignited, let's say, in the last week or so, because of a post
1:12.4	around whether crypto is just for criminal use cases and what that means. I feel like that's a fun
1:17.8	way to end Friday. But let's dive in first with this idea or this question of central bank
1:22.8	digital currencies. This has obviously been a huge theme throughout 2019 from when Libra launched to the response
1:29.9	of governments around the world, first China aggressively accelerating its central bank
1:35.4	digital currency efforts and its digital yuan efforts to European governments responding,
1:40.3	saying basically that Libra was never going to be allowed on their shores, but that they might be
1:45.3	looking into building their own central currencies to what big entities like the European Central
1:50.9	Bank think about this, right? So if you go back about a couple weeks ago now, a European
1:55.8	central bank official, this is an article from CoinDesk, says digital currency could be an alternative
	...

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