Triggered by a news article about Russia proposing a commodity (gold) backed stable coin, we are diving into a discussion of centralization vs. decentralization. What are the different ends on the scale of decentralization? What is the case in favor of a Bitcoin-backed alternative SWIFT System? What would that look like and how can be assured that any one nation-state (node) wouldn’t be able to take advantage of others? We’re discussing this and more in this episode.
Show notes:
“Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says” - https://news.bitcoin.com/russia-may-allow-crypto-mining-and-gold-backed-stablecoins-lawmaker-says/
“To centralize or not to centralize?” - https://www.mckinsey.com/business-functions/people-and-organizational-performance/our-insights/to-centralize-or-not-to-centralize
“Tokenomics 101: MakerDAO” -https://docs.google.com/document/d/1_w_ukptkQFukXcQdWd4-Y-9CyzJ8sNrH1JLoqMvCeGE/edit#heading=h.1pjxjw9dig61
“Russia and China are brewing up a challenge to dollar dominance by creating a new reserve currency” - https://markets.businessinsider.com/news/currencies/dollar-dominance-russia-china-rouble-yuan-brics-reserve-currency-imf-2022-6
Bank of Japan:
Japanese Yen June 2022:
You can watch this episode on YouTube:
Disclaimer:
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
None of this is legal advice. This podcast is strictly educational. Talk to your lawyer.
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#18 - Can a backed token be decentralised?