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Collective Action Problems & Climate Change

Life Itself Podcast

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The Aspiration of a Reserve Currency in Cryptocurrency

Stephen Yelden: I don't see that being what's here actually in practice. And the notion that it caun be a reserve currency when nobodyis denominating any kind of goods or services in it, seems to be kind of inherenti irreconcilable contradiction in this thing. That's not the kind of behaviour you want. The foundation of the thing as a kind of indirect, special purpose vehicle for getting shares does it make sense? Then i think there's a fundamental probem biked into the entire design," he says.

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