10-Minute Explainer: Dave Birch On Stablecoins

10-minute explainer: Dave Birch on stablecoins

Why you should watch: There are about $117 billion of various sorts of so-called stablecoin out there - and some serious folk worry about the systemic implications. Not (necessarily) Dave Birch, who acknowledges that there are scams, and that there is a need for regulation - but who also believes there is a solid case for digital 'coins' that can be used in so-called 'smart' contracts. He explains the various types of stablecoin - from algorithmic to CBDC - and suggests that they are in some sense a 'transitional' technology not a million miles from the private currencies issued by private banks in the 19th century for small-scale retail purchases. A primer for neophytes.

David GW Birch is an 'author, adviser and commentator on digital financial services', whose most recent book (2020) was The Currency Cold War. He was the co-founder of (and still is the global ambassador for) ConsultHyperion. He is also a venture partner at 1414 Ventures and a member of the CSFI's Governing Council.

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Produced/Edited by Alex Treptow

[CsfiOrg]

Thanks very much for taking the time to click this video. Please do share with anyone you feel would be interested in listening to this discussion.

[oakleysimon]

Very useful, but way too short. Could you do a full session with Dave Birch on this topic please?