Welcome back to The Breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW.

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Welcome back to the breakdown.

It is Thursday, January 30th, and today we are going to be talking first about public

funding in protocols and blockchains.

We're going to recap a couple stories from last week and look at a new vote from Zcash

on the future of their dev reward.

Second, we're going to check in on the wild world of central bank digital currencies,

CBDCs. Japan is in the news around comments about a future possible digital yen. China was in

the discussion today on the back of a report from last October that was resurfaced by

Baidu, and Cambodia has announced that they are in late stage trials for their own CBDC project.

Finally, we're going to wrap with a conversation with Democratic Dark Horse Andrew Yang,

a contender for the Democratic nomination for president,

who sat down this week in Iowa with Joe Wisenthal from Bloomberg to talk, among other things,

cryptocurrency.

Andrew Yang is obviously probably the favorite politician of the crypto crowd, so we're going to

see what he had to say.

But first, let's dive in around public funding. Last week, we had two separate stories around different approaches to

public funding issues with blockchains. And basically at core, and what we're talking about with

public funding is that blockchains aren't organized as traditional for-profit companies, where those companies have revenue lines and they spend some of that revenue on marketing and some of it on R&D and some of it on development.

They are effectively these open source networks that have lots of contributors from different places, different companies, different backgrounds,

different economic situations, all working together for the good of the whole. Now, of course,

...