He’s tough to listen to with all the fillers 😬

The mistake Kevin makes around min15 about the "second" argument for 'Web3' is that he said something sensible -- that web3 is a set of aspirational ideals -- but then falls into the well-laid trap we set as 'web3' inception artists: "maybe we can move USING BLOCKCHAIN TECHNOLOGY were we go back to openness....". It reminds me of my favorite line from a web3 proponent: "We will change the world...with blockchain!" Save the world, yes. But if you're going to focus on a big problem like that, don't leap to a specific technology or approach that purports to be a magic wand to achieve it. The principles of web3 are good. In fact, they aren't web3 principles. They are the principles behind the web. (Put a number on "web" and you are into marketing or grifting.) We should focus on moving toward user agency over their data, etc. But I can tell you -- blockchain and much of what people call web3 are not helpful in getting there. First and foremost because they distract us from focusing purely on the problems and using sensible tools that work to help solve them.

Casting light on the grift of technobabble-enabled regulatory arbitrage. Thank you, John Reed Stark.

Overall pretty boring video

ThAnk you 😊

What exactly does the fed do?

exchange is open

"Promosm"

great panel, although those against stablecoins were outnumbered, they stood ground perfectly.

That "*technologist*" cares so much about us and our safety. 🤥🤡

😱 'Promosm'

CeFi REKT ... I feels like listing to one big psyops ... all fancy words no real resolutions

Excellent panel.

John Reed Stark is a hero

Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank

Interesting

great!

very informative guys, thank you so much..

P.O.S. systems = slavery

🌈 "Promo sm"!!!

We will all be slaves. We must fight this

29:14 CBDC is the digital version of Bretton Woods System.

The Fed wants our money.. Crypto goes around that, ill pay sales tax on what I pay for but my money in Crypto is growing at 1.5% a day. They want a chunk of the business. Good luck.

The full faith and credit of "we the people" will be stronger with the A.I./blockchain for sure. Derisk statics and dynamics across financial instruments and currencies will be exciting to see in the fin tech realm. Value driven solutions are needed in settlements cycle time fed. Is there anyway to simplify the 1099 discharge process/time?

They are all hiding the fact that many will be screwed no condom or no lube with the fed now CBDC ON THE FED CHAIN..THE BLOCKCHAIN HAS BEEN AROUND FOR 20 YEARS WITH HIGH RETURNS AND NO MIDDLE MAN or hang men called the FED..

Those are speculations by people. Not valuable to anyone but crooks and gamblers

Algos are just chart configerations envented by some computer creations by people .They are usefull to most who do have a math degree and no common sense

Very important ! kzbin.info/www/bejne/f16yk56Br5lno68

XRPL

𝕡𝕣𝕠𝕞𝕠𝕤𝕞 🍀

RIp John. I hope the booster shot was worth it.

Thank you

Thanks for the deep dive. 👍∆

How much is Charisse Conanan Johnson and Next Street and Jenn Steinfeld and the National League of Cities being paid to provide this training? It is quite a lucrative business to get into these days providing training like this. Who were their political contacts who got them this job? What is their training and where does their information come from? This of course is all made-up.

Why is Federal Reserve branch wasting public money on a youtube channel with partisan Democrat host to talk about small business and CRT?

Racism is alive in CRT

It takes 90 minutes to learn your vision of CRT! SOMEONE EASE GIVE THE THE READERS DIGEST VERSION SO I CAN COMMENT MORE

CRT is nothing but a political construct for leftists, large corporations and the US government to spread white guilt for unspecified crimes and propaganda. You may ask WHY?... to gather more power, more money, hand out favors to their friends. Do not let a racist ideology like this rule over your children (and yourself). these people and agencies are useful for leftist authoritarians behind them, and don't even realize it. A lot of woke women here that have been indoctrinated with easily attainable degrees, and want / need this propaganda to make a salary... don't buy into it, thank you

In order for people to buy in your fairy tale programs, you have to demonstrate that your replacement is better than the status quo, and how it will be accomplished. A Mercedes S class is better than a Buick with a broken A/C. But if you want to replace my Buick and not tell me how you are getting the S class, I will label you a scammer and work on fixing the A/C instead.

One would think that Critical Racists would spend some of the fortune they make from extorting corporations by peddling their toxic snake oil on some production value. How many tin-can sounding cheap conference calls will they make people suffer through before people wake up?

You Race baiters! Equity is real racism, and you are race grifters making money off of being scumbag racists!!! Let's go Brandon!!!!!

Good news thank you for this Learning

This video has no comments but my teacher requires us to watch it for class. If you're watching this and went/are going to westlake... hello

👁👍

Read between the lines

do you have the slide deck on this ?

Sir, How do you quantify neural netwok and its effect human action in economic activities. RAJASHEKARA KELASUR SHIVANNA MOBILE:8105366812 Email: [email protected]

Why not show the projector?? 😢

Cnd2. (Send2) The Case for a Canadian Sovereign Virtual Currency. Should Canada begin developing its own national cryptocurrency (virtual currency) to make transfers & payments? The answer is yes and the sooner the better. While this might sound ludicrous to some given the highly speculative and volatile nature of current cryptocurrencies such as Bitcoin, but there are now many compelling reasons why the Central Bank of Canada should consider creating a new Central Bank Digital Currency or CBDC. To begin with, cryptocurrencies offer a much more efficient and less costly way to make payments. Unlike current payment methods, cryptocurrency transactions do not require to pass through various siloed, third-party systems such as bank and credit card networks to be settled. Settlement is done in almost real time through direct one-to-one payments between transacting parties. By cutting out the middlemen, transaction & hidden fees normally associated with current payment methods are not charged to consumers and businesses. Cryptocurrencies also offer better consumer protection and security. Today, payment networks such as stock exchanges and money transfer services are suffering from increasing economic crime and breaches of consumer financial data. This is causing regulatory costs to climb with consumers & businesses ultimately bearing the burden. With cryptocurrencies, exposure of sensitive consumer data is reduced by the number of parties & paperwork involved in the direct payments process. They also run on blockchain technology, a highly secure system due to its digital signature and encryption. The system is specially designed to be secure, convenient, and tamper-proof. There is very little room for fraud and virtual currencies cannot be counterfeited. Despite these and other advantages though, virtual currencies have largely failed to be adopted by the mainstream financial system - let alone be considered for use as a national digital currency for payment of goods and services. No doubt this is due to their notoriously volatility and highly unregulated nature not to mention that their value is also not based on tangible assets but driven solely through speculation. There is one type of cryptocurrency though which looks set to go mainstream and revolutionize the payments industry. Known as ‘stablecoins’, these are cryptocurrencies which are backed 1:1 by a pool of tangible assets held in reserve such as dollars or some other underlying asset of value. Simply put, for every 100 stablecoins in circulation there should be at least $100 sitting in a bank. This would make them ideal as a payment method for goods or services or for transfers. To date, though, these types of coins have also faced an uphill struggle for wider mainstream acceptance. This is largely due to the fact that they have been issued by unregulated firms in the nascent cryptocurrency market which are hard to audit. So far stablecoins such as Tether have been mainly used by cryptocurrency investors and the crypto-market to hedge against the more volatile virtual currencies such as Bitcoin or allow people to buy other coins on exchanges that do not accept fiat currency. The situation radically changed though when in July of 2019 Facebook launched a bombshell on the financial world when it announced its intentions to launch its own virtual currency called Libra. The company said that its new currency would be backed by a tangible pool of currency assets and that it would made it available to its global audience through the company's platforms. With the announcement Facebook suddenly put nations and banks on notice that cryptocurrencies might not only be going mainstream but, with Facebook’s estimated 2.6 billion users, they might find themselves in direct financial competition with the social media giant. The threat didn’t go unnoticed. In the US, Facebook CEO Mark Zuckerberg was quickly brought before members of the US Congress who worried about passing unregulated control over their currency to Facebook citing things such as privacy, money laundering, consumer protection and the power to disrupt the country’s financial stability. Since the announcement many countries such as China and France, have declared their intention of launching their own national virtual currencies citing Libra style currencies as a threat to their financial sovereignty. Should Canadians be concerned about this as well? The short answer is yes. While it is not clear yet whether Facebook will succeed in their initial bid to launch Libra, they have effectively opened pandora’s box. It isn’t too hard to imagine that another country or some other tech giant such as Google or Amazon with huge global user bases including millions of Canadians might succeed in creating a de facto global virtual currency for payments and transfers. While our Central Bank has been proactive to date in their efforts to explore the use virtual currencies, they are not currently taking the initiative to launch our own national one. Speaking at an event at the Federal Reserve Bank of Philadelphia recently, Deputy Governor of the Bank of Canada Timothy Lane said that the Bank "doesn’t currently have cause to issue a digital currency, but it can envision a future where it may need to be ready to do so". This is unfortunate, not only in terms of the potential to cede our financial sovereignty to another country or private institution over which we have little control but also that we would lose a great economic opportunity for Canadians and our society as a whole. Not only would it allow us overhaul the inefficiencies in our current financial system but it would also lead to lower costs and more convenient payments for both consumers and businesses. Any fees generated through transactions would flow into our national coffers instead of realized as profits for Facebook or other another country which would likely not have our best interests at heart. With a CBDC, you wouldn’t have to trust a company like Facebook or another country transferring or selling our financial data to third parties. We will have a single, centralized and accountable party for privacy protection and online security. In fact, a CBDC could have a whole host of other economic benefits. The government could get into the business of loaning the currency to both consumers and businesses at significantly lower interest rates then what banks & credit card companies currently charge today. This could easily stretch into nearly all sectors of the economy such as finance, real-estate, healthcare and has the potential of opening up huge new revenue streams that could ultimately be used for the benefit of Canadians. Perhaps one of the biggest upsides of a new national digital cryptocurrency though, would lie in the technology on which it runs. With Libra, Facebook is not so much creating a system of payments as they are creating a whole new platform on which these payments run. It's no coincidence that Libra will be running on an open source platform which, like their social media platform allows 3rd parties the ability to develop apps on top of the platform which ultimately grow their user base and realize profits. Any similar opensource platform running a CBDC could result in an explosion of new economic and social activity. Entrepreneurs and organizations could build apps on top of the new platform which would ultimately benefit Canadians. These Apps could range anywhere from new trading platforms or dividend re-investment programs to reward programs or charities raising money for social causes. The possibilities are nearly endless and would ultimately serve to benefit all Canadians. So then, it would make economic sense to develop our own virtual currency rather than give our economic future up to another country (China) or non-Canadian private institution such as Facebook, Google or Amazon with their huge international user bases. No doubt the technical and financial challenges will be daunting in such an endeavor. But we can lead rather than follow. The race is on and this Canadian believes we can win it. By Peter Logan Barrie ON Canada L4N 9R2 [email protected] 705 828-1371 Cnd2. (Send2) The Case for a Canadian Sovereign Virtual Currency.

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