Money Reimagined

This episode is sponsored by EY.On this episode of “Money Reimagined,” we are embarking on Part 2 of  Michael Casey and Sheila Warren’s conversation into the world of bitcoin and climate change with environmentalist and bitcoin mining OG Troy Cross, Professor of Philosophy and Humanities at Reed College and a Fellow at the Bitcoin Policy Institute.From our Sponsor: EY blockchain solutions can transform the business lifecycle for digital ecosystems, by promoting trust, transparency, privacy and efficiency.  EY: Helping you build a better working world. Find out more at blockchain.ey.comMoney Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This episode is sponsored by EY.Join Michael Casey and Sheila Warren on this episode of “Money Reimagined,” as they delve into the multifaceted world of digital money and explore the intricate dynamics that shape its scene with Head of Policy and Government Relations Riccardo Ricchi of The Payments Association located in the UK. Together they unravel the differences between stablecoins, cryptocurrencies, and CBDCs, shedding light on the diverse forms of digital currencies that exist. Data privacy and surveillance concerns take center stage as they discuss the implications of a digitized monetary system on personal information and surveillance practices. Their conversation will take you on a journey through the evolution of Bitcoin and stablecoins, recognizing their significance as the next generation of money.Finally, the role of regulation is examined in embracing programmable digital assets and the challenges and opportunities it presents in this ever-evolving financial landscape. Join us as we explore these thought-provoking topics and navigate the exciting future of digital money.SUMMARY: Introduction to, central bank digital currencies, stablecoins and crypto. (0:00)Innovation is unstoppable, it's happening. (2:44)Differences between stablecoins, CBDCs and crypto. (8:06)Programmable money and digital money. (13:48)The conflation of programmable money. (16:21)The idea of choice in India. (22:55)The impact of CBDCs on banks. (27:29)Banking disintermediation. (29:36)The Policy Crisis. (33:08)LINKS: thepaymentsassociation.orgArticle from CD: Crypto Industry Asks UK to Think Globally as Government Closes Consultation on Proposed RuleFrom our Sponsor: EY blockchain solutions can transform the business lifecycle for digital ecosystems, by promoting trust, transparency, privacy and efficiency. EY: Helping you build a better working world. Find out more at blockchain.ey.comMoney Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This episode is sponsored by EY.We are celebrating CoinDesk's 10-year anniversary of reporting on the crypto and bitcoin community this week. So on this episode of “Money Reimagined,” Michael Casey and Sheila Warren dive deep into the world of Bitcoin mining and the fight against climate change with environmentalist and Bitcoin mining OG  Troy Cross, Professor of Philosophy and Humanities at Reed College and a Fellow at the Bitcoin Policy Institute.From our Sponsor: EY blockchain solutions can transform the business lifecycle for digital ecosystems, by promoting trust, transparency, privacy and efficiency.  EY: Helping you build a better working world. Find out more at blockchain.ey.com-Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This episode is sponsored by EY.On this episode of “Money Reimagined,” Michael Casey and Sheila Warren have a summation of,  as Sheila calls it a ‘Consensus Hootenanny’; Consensus 2023. Through its Consensus 2023 app, Coindesk surveyed its attendees about their opinions on the state of crypto. Casey and Warren go right to the heart of most attendees' concerns about regulation and policy for crypto and the implications for the SEC. Coindesk Conference, Consensus2023 Consensus Hootenanny Results 1:01Annual conference held in Texas.Conference circuit is back in full play.Survey results, regulation, policy and public image.Global survey results are healthier.Regulation and policy are moving to the forefront. 3:49Regulation and policy moving to the forefront in the fintech space.Fintech vs crypto.Crypto and the implications for the SEC.The role of the judiciary.Regulation and policy is essential in the crypto industry.The battle of the age.What is the government’s role in regulation? 9:57Other governments and regulators are ahead of us.Dysfunction in the US legislature.The checks and balances of a functioning system.The activist supreme court and judiciary system.The role of experts in the CFTC. 14:45Expert selection and tenure of the leadership.The idea of chevron deference.Crypto is getting caught up in the litigation.Grayscale lawsuit against crypto companies.Impact litigation and how it impacts the law. 18:57Impact litigation is a bigger minefield than traditional litigation.Low-c conservatives and activist judges.Regulation and policy are top of mind in the United States.Regulation in the crypto industry.How should crypto companies respond to recent regulatory actions? 22:56How US companies should respond to recent regulatory actions.Us-based businesses vs non-us-based firms.Regulation is a big reason why companies choose to locate in the US.Regulatory clarity.Regulation and Regulation. 27:00Regulators have won the battle for the crypto industry.The challenges of KYC.More people are coming around to the idea of regulation as a catalyst for growth.The importance of regulation in the United States.From our Sponsor: EY blockchain solutions can transform the business lifecycle for digital ecosystems, by promoting trust, transparency, privacy and efficiency.  EY: Helping you build a better working world. Find out more at blockchain.ey.com-Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This episode is sponsored by EY and Brave. “Money Reimagined” comes to you from the Brave Podcast Studio at Consensus 2023. Brave is the privacy browser used by almost 60 million people worldwide. It has everything you need to stay safe online. Check them out at brave.com.Sheila Warren is live from Consensus 2023 in Austin, Texas, talking to Magatte Wade, author, entrepreneur and CEO of “Skin Is Skin,” focusing on creating positive change in Africa. See Also:Skin Is Skin-EY blockchain solutions can transform the business lifecycle for digital ecosystems, by promoting trust, transparency, privacy and efficiency.  EY: Helping you build a better working world. Find out more at blockchain.ey.comBrave is the privacy browser used by almost 60 million people worldwide. The built-in Brave Wallet is your secure passport to Web3. It supports over 100 chains, fiat purchases, swaps, NFTs, and even connects with other wallets and DApps. All right in your browser. No risky extensions, no spoofing. Learn more at brave.com/wallet.-Money Reimagined has been produced by senior producer Michele Musso, edited by Ryan Huntington and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This episode is sponsored by EY and Brave. On this episode of “Money Reimagined,” Michael Casey and Sheila Warren dive right into Gary Gensler's response to a question of law by Rep. Patrick McHenry during the House oversight hearing of Gensler’s Securities and Exchange Commission earlier this week. Sheila and Michael discuss partisanship, climate disclosures, and the role of the SEC.A reshaping is taking place of what powers administrative agencies are allowed and the defined responsibilities of Congress and the courts.In this episode  Michael and Sheila discuss: Gensler's response to a question of law by Rep. Patrick McHenry Partisanship, climate disclosures and the role of the SEC The role of government  How crypto is getting politicized The role of regulators in the future Regulation by enforcement after the fact  The second time in the crypto industry that unscrupulous actors are engaging in activities that hurt people Pro-regulatory stance on regulation The progressive pro-regulator stance on this issue The shadow of the threat Responsible actors: good and bad No accommodation for innovation The sword of Damocles hanging over U.S. partners The CFTC  action against Binance Regulation and innovation Recognizing the pain that people felt in California The need for regulation and innovation Let open-source, permissionless innovation happen in a constructive way. Crypto is a proxy for other issues. Inter-agency territoriality Inter-agency territorial conflict between SEC and CFTC Importance of context in these conversations Early warning sign with ICOs in 2017 Regulation needs to differentiate between good and bad actors Regulation of digital assets and licensing Bermuda's strict licensing requirements The massive erosion of trust after FTX Joint responsibility of regulators and the industry  Crypto is not as partisan as it seems. The problem with simplistic black-and-white solutions.Nuance always gets lost, and that's part of the problem. See Also:YouTube -  Hearing Entitled: Oversight of the Securities and Exchange CommissionFrom our sponsors: EY blockchain solutions can transform the business lifecycle for digital ecosystems, by promoting trust, transparency, privacy and efficiency.  EY: Helping you build a better working world. Find out more at blockchain.ey.comBrave is the privacy browser used by almost 60 million people worldwide. The built-in Brave Wallet is your secure passport to Web3. It supports over 100 chains, fiat purchases, swaps, NFTs, and even connects with other wallets and DApps. All right in your browser. No risky extensions, no spoofing. Learn more at brave.com/wallet.-Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code MONEYREIMAGINED to get 15% off your pass. Visit coindesk.com/consensus.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This episode is sponsored by EY and Brave. In the last few months, artificial intelligence (AI) has grown exponentially and rapidly, raising concerns over its safety and the adverse consequences it may have on society if it is not addressed.However, the application of artificial intelligence in the crypto space has many exciting advantages. With artificial intelligence, trading algorithms can analyze vast amounts of data and make informed decisions about buying and selling cryptocurrencies. Cryptocurrency fraud can be detected and prevented using artificial intelligence. Blockchain networks can be optimized using artificial intelligence. Furthermore, AI can even enhance the privacy and security of cryptocurrency transactions. So what is all the fuss about if AI can bring all this good? There are potential drawbacks and negative aspects to consider. Some of the main negatives of AI include job displacement, bias and discrimination, privacy concerns, dependence and overreliance, ethical concerns, and lack of transparency and regulation.  On this episode of “Money Reimagined,” to help unpack this important topic of AI ownership and distribution, Michael Casey and Sheila Warren speak to Jacob Steeves, founder of Bittensor, an open-source protocol that powers a decentralized, blockchain-based machine learning network.Casey jumps right into the discussion of the controversial op-ed of Eliezer Yudkowsky, author, founder, and leading thinker in the AI space, and its impact on the AI community. On this show Michael and Sheila discuss:  Connective threads of drama. 2:38 What happens when you know that you’re right? 4:54 The rise of Ai and the potential for regulation. 5:29 How do we establish a decentralized world? 7:15 What is the difference between absolute and extreme thinking? 9:27 Ethical and intellectual perspectives. 10:50 The core thesis of the paper. 14:26 The core premise of Bittensor.io. 15:33 The governance question around open AI. 19.03 The problem with Web 3.0. 25:28 Capitalism vs. Governance. 28:50 The bias of people who get into cryptocurrency. 33:47 The positive vision of AI. 35:35 Protecting the status quo vs. imperialism. 38:19  See Also:General documentation: https://docs.bittensor.comBittensor whitepaper: https://drive.google.com/file/d/1VnsobL6lIAAqcA1_Tbm8AYIQscfJV4KU/viewAcademic paper (NeuralIPS 2022 publication): https://ai-secure.github.io/DMLW2022/assets/papers/6.pdfSlideslive Video: https://nips.cc/virtual/2022/62821-EY blockchain solutions can transform the business lifecycle for digital ecosystems, by promoting trust, transparency, privacy and efficiency. EY: Helping you build a better working world. Find out more at blockchain.ey.comBrave is the privacy browser used by almost 60 million people worldwide. The built-in Brave Wallet is your secure passport to Web3. It supports over 100 chains, fiat purchases, swaps, NFTs, and even connects with other wallets and DApps. All right in your browser. No risky extensions, no spoofing. Learn more at brave.com/wallet.-Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code MONEYREIMAGINED to get 15% off your pass. Visit coindesk.com/consensus.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This episode is sponsored by EY and Brave. What are the ongoing efforts, particularly in the United States and Europe, to regulate and control the use of cryptocurrencies and related technologies?Governments may contend that these efforts are necessary to prevent illegal activities such as money laundering, terrorism financing and tax evasion. However, proponents of cryptocurrencies argue that such efforts are misguided and threaten individual privacy and freedom. The “War on Crypto” issue remains concerning, specifically in the U.S. In this episode of “Money Reimagined,” Michael Casey and Sheila Warren discuss their take on the latest happenings in the White House’s role in innovation, the value of decentralized governance, and power structures, semiconductors and Silicon Valley, the doomsday scenario and much more. On this show Michael and Sheila discuss: The War on Crypto. The White House’s role in innovation. The value of decentralized governance and power structures. Semiconductors and Silicon Valley. The doomsday scenario. Pushing back against the digital yuan. Infrastructure investment and infrastructure. And now a pressing issue is AI.  See Also:The Biden Administration Is Politicizing Crypto Coindesk Editorial: It Sure Looks Like the US Is Trying To Kill Crypto -EY blockchain solutions can transform the business lifecycle for digital ecosystems, by promoting trust, transparency, privacy and efficiency. EY: Helping you build a better working world.Find out more at blockchain.ey.comBrave is the privacy browser used by almost 60 million people worldwide. The built-in Brave Wallet is your secure passport to Web3. It supports over 100 chains, fiat purchases, swaps, NFTs, and even connects with other wallets and DApps. All right in your browser. No risky extensions, no spoofing. Learn more at brave.com/wallet.-Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code MONEYREIMAGINED to get 15% off your pass. Visit coindesk.com/consensus.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

There is a parallel between crypto communities and gaming communities regarding value and meaning. In this episode of “Money Reimagined,” Michael Casey and Sheila Warren will explore how gaming will drive us toward a Web3 world with Rebecca Liao, co-founder and CEO at Saga;  a protocol that allows developers to take a single-tenant virtual machine and automatically launch it on a dedicated blockchain, complete with fully provisioned validators and an optimally incentivized security structure.See Also:Writings of Rebecca Liao-Michele Musso produced and edited this episode with announcements by Adam B. Levine and our executive producer, Jared Schwartz. Our theme song is “Shepard.”Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code MONEYREIMAGINED to get 15% off your pass. Visit coindesk.com/consensus.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Do the recent banking crises of three popular high-profile banks validate what crypto stands for? Is the U.S. falling behind in leading global policy when it comes to the current systems we use and invest in?In this episode of “Money Reimagined,” Michael Casey and Sheila Warren will explore transparency, safety and predictability within the banking industry and cryptocurrency community with Alex Thorn, head of firmwide research at Galaxy Digital, and Ram Ahluwalia, CEO and co-founder of Lumida Wealth Management.See Also:https://www.coindesk.com/consensus-magazine/2023/03/17/this-crisis-will-define-the-future-of-money/ -Michele Musso produced and edited this episode with announcements by Adam B. Levine and our executive producer, Jared Schwartz. Our theme song is “Shepard.”-Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code MONEYREIMAGINED to get 15% off your pass. Visit coindesk.com/consensus.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.