Preview Mode Links will not work in preview mode

Barefoot Innovation Podcast

Apr 27, 2022

My guest today is Michael Hsu, the Acting Comptroller of the Currency, and we are talking all things– and only things – crypto.

Our conversation covers a lot of other ground:  the lack of interoperability among today’s stablecoins; whether and how stablecoin issuers should have bank charters; problems with blockchain technologies; the evolution of Central Bank Digital Currencies; the role of the US dollar as the world’s reserve currency; whether US regulation could undermine America’s international competitiveness; the unique challenges posed by regulating DAOs (since they are basically just a set of rules); potential lessons from the birth of the internet; and the blockchain “trilemma” cited by Vitalik Buterin forcing prioritized choices between decentralization, security and scalability. He also ponders the human factor, as people feel a sense of “community” in decentralized finance, while also embracing a world that promises to monetize, and transact around, nearly every aspect of their lives.