What will payments over the internet look like in 2030? A revolution in finance and payments. That’s what crypto-based platforms like Bitcoin, decentralized finance and stablecoins are attempting to do. But just because traditional money is centralized around monolithic central banks doesn’t mean that it can’t have a revolution of its own. Over the next …
Crypto has many problems of its own making. Bad user experiences, unsustainable transaction fees, an inability to assess risks in the face of unyielding innovation. But until this year, I doubt anyone would have suggested that an interdependence on the U.S. dollar was one of them. The introduction of easily tradable, even decentralized, stablecoins has …
Welcome to Opinionated, a new podcast featuring CoinDesk’s leading columnists and contributors. I’m your host, Ben Schiller, CoinDesk’s opinion editor. On this week’s show, we’re joined by Nic Carter, cofounder of Coin Metrics and partner at Castle Island Ventures. Nic discusses this year’s $20 billion surge in USD-backed stablecoins (what he calls “crypto-dollars”) and the …
The Biggest Story in Crypto: The Stablecoin Surge and Power Politics Read More »
The current blockchain world is so full of crazy ups and downs, it’s easy to become so focused on the short term that one loses track of the big picture. But it’s important to fight this tendency – because the big picture is awfully big. Revolutionizing finance, the aspect of blockchain’s future that gets the …
For Australians of my generation, historian Geoffrey Blainey’s phrase the “tyranny of distance” was the defining descriptor of our place in the world, a place that seemed awfully far from everyone else. In September of 2020, with hundreds of millions of broadband-connected homes using global video-conferencing services like Zoom and with remote work the norm …
Kapil Rathi is CEO of CrossTower, a crypto exchange and structured products provider. He has held senior leadership roles at Cboe, Bats, ISE and the New York Stock Exchange. Everyone has fallen in love with decentralized finance (DeFi). We’re all giddy about it. One subset of DeFi is the ever so popular decentralized exchange (DEX). …
If one votes, one participates. If one participates, one condones and endorses the process, and subsequently, what those elected ‘representatives’ do and say in your name. Reason 2. Electoral promises are meaningless because politicians are able to lie to gain the favor of the electorate, and then do exactly what they want once they have …
Most people would be happy to have World Wide Web creator Sir Tim Berners-Lee’s wealth, which is reportedly somewhere between $10 million and $60 million. Yet, Berners-Lee’s net worth pales into insignificance against that of Amazon founder Jeff Bezos, who last week became the first person ever to be worth more than $200 billion. There’s …
Frances Coppola, a CoinDesk columnist, is a freelance writer and speaker on banking, finance and economics. Her book “The Case for People’s Quantitative Easing” explains how modern money creation and quantitative easing work, and advocates “helicopter money” to help economies out of recession. The Federal Reserve has just announced a change to its inflation targeting …
Mr. Powell, If You Want Higher Inflation, Give People Money Read More »
Last year, before a pandemic changed the world, surveys showed millennials and adult-age Generation Z respondents steadily developing a curiosity in cryptocurrencies if not buying into the bigger idea that the technology will transform money. A Michelmores survey in the U.K., for example, found that 20% of affluent millennials – the cohort born between 1980 …
Money Reimagined: From COVID Generation to Crypto Generation Read More »
