Bitcoin: The Codification of the Austrian View of Money

Real Vision senior editor Ash Bennington welcomes Guy Swann, host of Bitcoin Audible, to discuss his background in cryptocurrency, views on Austrian economic theory, and thoughts on El Salvador's adoption of Bitcoin. Making his first investment in 2011, Swann was an early believer in Bitcoin's power to revolutionize the financial world. Swann argues that the principles explained in Austrian economic theory support a bullish outlook on the future of Bitcoin. Furthermore, Swann believes that El Salvador's adoption of Bitcoin sets a precedent for developing countries looking to gain monetary independence. As more countries adopt Bitcoin as legal tender, Bitcoin's volatile prices will stabilize, which supports the argument that Bitcoin can act as a currency. Filmed on June 9, 2021. Key Learnings: Swann argues that Bitcoin will disrupt finance in the same manner that the Internet changed the flow of information. The decentralization that results from using Bitcoin will allow overlooked segments of the global population to gain access to a financial system that is protected from central bank influence and politics. As the financial world undergoes a transformation, Swann states that volatility in Bitcoin’s price is expected until there is widespread adoption by sovereign nations.
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What's on the Radar for Crypto Journalists?
Zack Seward, deputy global news editor at CoinDesk, joins Ash Bennington, Real Vision senior editor, to discuss various new developments in the crypto space and get a peek into Seward's journalistic perspective. They begin with recent updates in Bitcoin such as Taproot and Paul Tudor Jones and move into an in-depth discussion surrounding the "DeFi wars". Seward provides an insider perspective on further topics such as decentralized exchanges, institutional thirst for yield, and what it’s like being a crypto journalist. Filmed on June 14, 2021. Key Learnings: Seward is fascinated by developments in the world of DeFi. He believes this sector will continue to decentralize aspects of the banking industry, providing enormous utility for members of the third world trying to avoid remittance fees. Additionally, he lays out his process for deciphering what is "newsworthy" in the crypto space and why the recent news out of El Salvador may not be as good as people think.
Caitlin Long and Jeff Horowitz: WTF is Happening with Regulation?
Ash Bennington sits down with Caitlin Long, CEO & founder of Avanti, and Jeff Horowitz, CCO of BITGO, to speculate on coming regulations and the implications these may have for the crypto space. Long discusses the benefits of preemptive regulation in the context of the work she has done and continues to do in Wyoming. Horowitz lays out the importance of regulation that preserves crypto's core purpose, especially in emerging markets. Additionally, they explore stable coins and the Federal Reserve, conflicting regulatory jurisdictions, and which countries are "ahead of the curve" in their crypto regulatory framework. Filmed live on March 24, 2021 at Crypto Gathering 2021. For more information on the Festival of Learning and to purchase your tickets, please visit: https://www.realvision.com/festival-of-learning-2021 Key Learnings: Horowitz and Long both agree on the importance of a lightweight approach to regulation that preserves crypto's core functions. Horowitz emphasizes creating access to emerging markets, harkening back to an early crypto commandment of bringing access to capital to the "unbanked". He fears greater regulation will isolate those living in failing states, and Long is concerned with maintaining the instantaneous clearing of transactions that smart contracts provide. She is actively working in Wyoming in hopes to influence early legislation and ensure a crypto-friendly outcome.
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Real Vision senior editor Ash Bennington welcomes Georgia Quinn, General Counsel of Anchorage Digital, to discuss the regulatory environment of the cryptocurrency space, smart storage, and Anchorage Digital's unique role in crypto security. The pair goes into Anchorage Digital's role as a custodian of digital assets. Quinn argues that smart storage strikes the ideal balance between security and accessibility of digital assets. Quinn also walks through the core principles of a crypto agency including governance, staking, settlement, brokerage, and lending. Furthermore, she explains the regulatory nuances between traditional financial services and crypto custodial services. She believes that the Office of the Comptroller of the Currency (OCC) plays an essential role in supporting the legitimacy of the crypto industry. Filmed on June 10, 2021. Key Learnings: Unlike cold storage and hot storage, Quinn states that smart storage is effective because it uses hardware security modules to store cryptographic assets without human input. This functionality allows Anchorage Digital to keep the assets air-gapped from the Internet but accessible to the clients. Institutional clients are able to provide instructions that use the blockchain's qualities to make secure and instantaneous transactions.

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