With countries such as China and Sweden are studying plans to create a new form of money – a central-bank digital currency. CBDCs risk revolutionizing both the way money is created and distributed.
The Micronesian Republic of the Marshall Islands is about to become the first country to base its national currency on cryptomoney. Analysis of an absurd political decision.
This episode is all about bitcoin. Will it be the currency of the future? Who’s trying to capitalise on the legal loopholes of cryptocurrencies? And is it possible to make mining them more green.
When we lust for riches, fear being left behind and identify strongly with some moral cause all at once, reason and willpower don’t really stand a chance.
While sovereign governments need to develop coherent frameworks to regulate cryptocurrency, permanent solutions will be found through international co-operation.
Australian regulators face similar problems as their Australian counterparts in getting cryptocurrency platforms to regulate and prosecuting them when things go wrong.
The odds are that we get through 2018 without war, mass capital flight, or a housing crash. But all the risks are medium probability, and the consequences could be dire.
Using metaphors for cryptocurrencies helps people feel more familiar with the technology. But there’s a downside – we expect it to work just like regular money.
If Bitcoin is a bubble, it will be because its price rises are too great and can’t continue. If it isn’t, it will be because the Bitcoin market is still expanding. We just don’t know which one yet.