4min chapter

Inside the Rope with David Clark cover image

Ep 100: Hamish Douglass - The behaviours of great investors

Inside the Rope with David Clark

CHAPTER

Cryptocurrencies on the Block Chain

i think we will take paper money out of society and will digitilize it on the block chain. We are most likely going to have central bank gital currencies. It's not inconceivable that you could have a crypto currency backed by a portfolio of of stocks. And then you could effectively go and shop and redeem part of your equity portfolio every single day in a inadigital currency. I think that would be really onen sinso and suggest that. But so i do think this is headed in the direction that is going to change the how we transact, what undepends our wealth... but holding it in a inedigital token that has absolutely nothing under pinning

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