The Future of Currency Systems

This chapter explores the shift from traditional fiat currencies to digital currency alternatives, focusing on the distinction between cryptocurrencies and central bank digital currencies (CBDCs). It emphasizes China's lead in CBDC development compared to the U.S. and discusses the implications for banking systems, societal impacts, and the balance of power between tech giants and central banks. The dialogue also addresses the risks of government control over digital currencies and the challenges posed by emerging technologies in shaping financial landscapes and public understanding.