The Stablecoin Monster: CBDCs Are A Red Herring
What Ethereum’s upcoming fork can teach us about governance, stablecoins, centralization bottle-necks and the ever-important U.S. dollar system.This is an opinion editorial by Mark Goodwin, director of print editorial at Bitcoin Magazine.I know it pains some of your laser eyes to even see the word Ethereum printed, and while I respect that to a degree, the lessons being learned by the extended alternative cryptocurrency space are too important to ignore. Water’s Warm Maximalism is perhaps one way to look at it, but regardless, ignoring others, even as they potentially fail to centralizing....
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During a talk at Finnovasia 2015 in Hong Kong this week, ANX CTO Hugh Madden told an audience of gathered FinTech professionals that he believes concerns about the bitcoin blockchain's ability to scale are a "red herring". The comments notably follow the two-day Scaling Bitcoin conference at which the open, public blockchain's global development community came together to propose technical issues related to the bitcoin protocol. Madden, who later appeared on a panel conversation centered on the technology's growth in Asia, made the case at the event that despite the level of press time....
Tether chief technology officer Paolo Ardoino claimed CBDCs would primarily replace the age-old payment systems and utilize private blockchain as a modern and cost-controlled tech infrastructure. Paolo Ardoino, the chief technology officer at Tether, believes that the growing developments around central bank digital currencies (CBDCs) globally wouldn’t really impact the role of private stablecoins.Ardoino shared his two cents in a Twitter thread on the growing discussion around CBDCs and what their role could be in the current payment system. He said CBDCs would only replace the age-old....
A reading of two recent op-eds on central bank digital currencies (CBDCs).
On October 9, whistleblower and privacy advocate Edward Snowden published an opinion editorial concerning central bank digital currencies (CBDCs) and claimed CBDCs are “the newest danger cresting the public horizon.” Snowden stressed that rather than being an innovation, CBDC’s are “closer to being a perversion of cryptocurrency” and a “cryptofascist currency.” Snowden Stresses CBDCs ‘Are Expressly Designed to Deny Its Users the Basic Ownership of Their Money’ While politicians and the modern banking cartel have been all about....
Almost 50 monetary authorities and central banks are researching and developing wholesale or retail CBDCs. What does 2021 hold in store?