Chapter
The Future of Bitcoin and CBDC in America
1:02:03 - 1:11:02 (08:59)
Chamath and Sacks discuss the potential future of Bitcoin as a replacement monetary system and the impact of CBDCs on the American currency. They question the focus on Bitcoin's dollar value, rather than its intended use as a non-monetary system of value.
Clips
The government's attempt to regulate or stop Bitcoin in China may affect the mining industry, but it is unlikely to stop its use entirely.
1:02:03 - 1:03:16 (01:13)
Summary
The government's attempt to regulate or stop Bitcoin in China may affect the mining industry, but it is unlikely to stop its use entirely.
ChapterThe Future of Bitcoin and CBDC in America
EpisodeE33: Apple’s hypocrisy, America’s math failure, crypto’s regulatory correction, Clubhouse’s future, UFOs & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The United States is considering imposing a 10% additional tax on cryptocurrencies, which would make them less competitive with the country's national cryptocurrency, the CBDC.
1:03:16 - 1:05:41 (02:24)
Summary
The United States is considering imposing a 10% additional tax on cryptocurrencies, which would make them less competitive with the country's national cryptocurrency, the CBDC. The aim is not to prevent illegal use cases, but to restrict the use of other currencies and encourage the use of the CBDC.
ChapterThe Future of Bitcoin and CBDC in America
EpisodeE33: Apple’s hypocrisy, America’s math failure, crypto’s regulatory correction, Clubhouse’s future, UFOs & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The likelihood of a centralized player overpowering the Bitcoin network is low due to the high level of hash rate needed to do so and the difficulty in organizing such an effort.
1:05:41 - 1:07:07 (01:25)
Summary
The likelihood of a centralized player overpowering the Bitcoin network is low due to the high level of hash rate needed to do so and the difficulty in organizing such an effort.
ChapterThe Future of Bitcoin and CBDC in America
EpisodeE33: Apple’s hypocrisy, America’s math failure, crypto’s regulatory correction, Clubhouse’s future, UFOs & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The intention of Bitcoin is to not be part of the monetary system that uses the dollar.
1:07:07 - 1:11:02 (03:54)
Summary
The intention of Bitcoin is to not be part of the monetary system that uses the dollar. However, if the Central Bank Digital Currency (CBDC) moves towards a blockchain like experience, America could potentially see a future where 10 to 20% of dollars are held on a blockchain with an American.