Israeli historian Yuval Noah Harari - author of the bitcoin community cult classic "Sapiens" - said he's skeptical of bitcoin.
Ask almost any economist, banker or politician at the WEF about financial privacy and they'll scoff.
RegTech expert Diana Paredes, an investment banker turned CEO of the compliance startup Suade Labs, agreed the sentiment among her public- and private-sector clients is "Cash is dead." However, she added, it's the job of policymakers to protect consumer interests.
Fear not, bitcoiners: Not all members of the Davos elite are pushing for e-fiat authoritarianism; some leaders here see a future where bitcoin continues to thrive.
"Bitcoin is a fantastic idea, as long as it is monitored," Kohli said, praising the compliance standards already upheld by bitcoin-friendly Swiss banks.
He said decentralized digital assets will have a role to play in the future of France, as long as organizations like the crypto custody startup Ledger and the bitcoin development startup ACINQ continue to pay taxes and uphold regular compliance standards.
Paredes added the best way to protect bitcoin's usability is to educate regulators about specific use cases so they can make laws and compliance standards without jeopardizing projects of value.
Most crypto veterans at the WEF were just as enthusiastic about central bank digital currencies as the bankers themselves.
Elizabeth Rossiello, CEO of Aza Financial, said she's "Really excited" about the People's Bank of China issuing a CBDC. She sees this as yet another customer onramp that complements the fact bitcoin makes up 7 percent of her company's monthly volume.
Cloudflare CTO John Graham-Cumming said his internet infrastructure company generally takes a proactive approach to promoting censorship-resistance, even as his team supports clients such as banks and similar institutions in the public sector.
Notes From the WEF: Cash Is Dead, Long Live Digital Cash
pubblicato su Jan 24, 2020
by Coindesk | pubblicato su Coinage
Coinage
Menzionato in questo articolo
Notizie recenti
Vedi tutti
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.