The Denationalization of Money: The Rise of Censorship Resistant Money and Open Finance

This is a recent talk I gave (Click link to watch:

Main Themes

  1. Today, money is broken in some parts of the world – governments have a hard time maintaining stable value in their currencies, which dramatically reduces the wealth of the people in those nations. The result is a severe lack of transparency and trust in many of the world’s monetary systems.

  2. Asset price bubbles and boom and bust cycles are an inevitable byproduct of the current monetary system and both lead to price instability. This is in spite of the fact that modern monetary systems, i.e. all OECD central banks, target price stability as a primary objective.

  3. The end of Bretton Woods was a watershed moment in the life cycle of fiat currency and continues to have an impact on monetary policy and its shortcomings to this day.

  4. The end of Bretton Woods and the birth of the floating exchange rate system has led to destabilizing hot money flows in and out of emerging markets. This is now affecting even the developed world (e.g. some European countries). As we see a changing world order there is an opening to replace the dollar with a solution that is not simultaneously a national currency. As a result of these changes, countries such as China and Russia may be more open to embracing a stablecoin than the USD.

  5. The world needs a stable, digital currency that gives people autonomy and control of their money globally.