80: Efrat Fenigson ON: The Truth About The Central Bank Digital Currency

Efrat Fenigson is a journalist and podcaster with a background in tech and marketing.  

In this episode, you're going to learn why Efrat left a successful corporate career to focus on journalism and podcasting, her concerns about government control and how it led her to Bitcoin, what Central Bank Digital Currencies (CBDCs) are and how they could impact privacy and freedom, how various countries like China, Thailand, and the EU are experimenting with CBDCs, and why Efrat believes Bitcoin offers a better solution for financial sovereignty.

Timestamps:

[00:00] Introduction    

[07:00] Discovering Bitcoin and its potential

[08:00] COVID-19 experience and loss of trust in government

[09:30] Introduction to Bitcoin through Crypto Jungle

[10:30] Efrat’s Bitcoin journey and learning process

[12:00] Leaving old social circles and building new ones

[14:00] The shift from valuing money and titles to valuing freedom and truth

[17:30] Wholesale and retail CBDCs

[18:30] Possible restrictions on CBDCs, including geofencing and expiry dates

[19:30] Global alignment of CBDC rollout with Agenda 2030

[21:00] The state of CBDC development in Israel

[22:00] ECB’s plan to launch the digital euro in 2025

[24:00] How China’s CBDC rollout evolved

[26:00] Similar strategies being considered in Europe

[28:00] European Bank’s plans to redirect private savings

[30:00] Estimated cost of Euthe ropean CBDC project

[32:00] How global institutions operate with long-term plans

[34:00] The Overton window and how it applies to CBDCs

[36:00] China’s approach to control and compliance

[38:00] Privacy concerns related to CBDCs

[40:00] Concerns about geofencing and limiting transactions

[42:00] Thailand’s extreme CBDC experiments

[44:00] Stablecoin pilots and KYC Bitcoin use in Thailand

[46:00] The Overton window strategy and gradual rollout

[48:00] How Bitcoin provides a solution to CBDCs

[50:00] Bitcoin as a hedge against government control

Resources Mentioned:

The Bitcoin Standard by Saifedean Ammous | Book or Audiobook

Crypto Jungle | Website

Bitcoin Live Conferences | Website

If you want to connect with Efrat, follow her on Instagram, X, Youtube, LinkedIn and Facebook.

Make sure you check out Efrat’s Podcast, You're the Voice | Spotify or Apple

Find more from Scott:

Scott Dedels | X

Block Rewards | Instagram

Block Rewards | YouTube

Block Rewards | TikTok

Block Rewards | Website

Block Rewards | LinkedIn

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