We Study Billionaires - The Investor’s Podcast Network BTC097: Central Bank Digital Currencies Vs Bitcoin w/ Sam Callahan (Bitcoin Podcast)
21 snips
Sep 28, 2022 
Sam Callahan, a leading expert on central bank digital currencies (CBDCs), discusses the significant implications CBDCs could have on individual rights and freedoms. He raises concerns about potential losses for everyday citizens and outlines how CBDCs may be implemented globally. Sam also critiques the World Economic Forum’s bias towards proof of stake, particularly against Bitcoin, highlighting the misconceptions about energy consumption in mining. Additionally, he shares insights into the challenges faced by the European Central Bank due to the ongoing energy crisis.
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WEF and Proof-of-Stake
- The World Economic Forum (WEF) has shown a pattern of promoting proof-of-stake cryptocurrencies like Ethereum.
- This is likely due to the potential for greater control and influence over these systems compared to decentralized proof-of-work systems like Bitcoin.
WEF's Inaccurate Bitcoin Energy Prediction
- In 2017, the WEF published an article claiming Bitcoin would consume more power than the world by 2020.
- This proved inaccurate, highlighting potential bias or lack of expertise in their Bitcoin analysis.
CBDCs and Individual Freedom
- Central Bank Digital Currencies (CBDCs) pose a significant threat to individual privacy and freedom.
- They could enable governments to track all transactions and potentially control spending habits.