Bitcoin vs CBDCs with Marty Bent — MarketVault

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Bitcoin vs CBDCs with Marty Bent

Agustín Carstens

2020s 2022youtube

SHOW NOTES: https://www.whatbitcoindid.com/podcast/bitcoin-vs-cbdcs Marty Bent is a Venture Partner at Ten31, founder of the Bitcoin-focused media company TFTC.io, and Director of Cathedra Bitcoin. In this interview, we discuss the potential implementation of a global financial system based on CBDCs and the role of the Bank of International Settlements (BIS). We also talk about the potential role of Bitcoin in fighting against state actors. THIS EPISODE’S SPONSORS: Iris Energy - https://irisenergy.co/ Wasabi - https://www.wasabiwallet.io/ Ledn - https://www.ledn.io/ Ledger - https://www.ledger.com/ Unchained - https://unchained.com/ SUPPORT THE SHOW: → Become a Patron: https://www.patreon.com/whatbitcoindid/ → Subscribe on iTunes → Leave a review on iTunes → Share the show out with your friends and family on social media → Drop me a line on hello@whatbitcoindid.com → https://www.whatbitcoindid.com/sponsorship/ TIMESTAMPS: 00:00:00 Introduction 00:15:10 The fight against CBDC corruption 00:27:17 Mining in USA 00:32:44 Blackrock; bank failures; Bitcoin narrative change 00:40:09 We are the Bitcoin revolution 00:51:28 US presidential election & Bitcoin WHERE TO FIND THE SHOW: → My website: https://www.whatbitcoindid.com/podcast/ → iTunes: https://apple.co/2OOlzVV → Spotify: https://spoti.fi/2ygc4W1 → Stitcher: https://bit.ly/2IQO8fX → SoundCloud: https://bit.ly/2CGSVQR → YouTube: https://bit.ly/3nyi9Ez → TuneIn: https://bit.ly/2ywystr LISTEN TO OLD EPISODES: → By guest: https://www.whatbitcoindid.com/guests/ → By topic: https://www.whatbitcoindid.com/topics/ → Transcriptions: https://www.whatbitcoindid.com/transcriptions/ WHERE TO FOLLOW ME: → Twitter: https://twitter.com/whatbitcoindid/ → Medium: https://medium.com/@whatbitcoindid/ → Instagram: http://instagram.com/whatbitcoindid/ → Facebook: https://www.facebook.com/whatbitcoindid/ → YouTube: https://www.youtube.com/whatbitcoindidpodcast → Website: https://www.whatbitcoindid.com/ → Email list: https://www.whatbitcoindid.com/subscribe/ LEARN ABOUT BITCOIN: → Step by Step Guide: https://www.whatbitcoindid.com/learn-bitcoin → Training: https://www.whatbitcoindid.com/training/ → Resources: https://www.whatbitcoindid.com/resources/ #Bitcoin #Finance #Economics **** “Bitcoin as a tool, in terms of the leverage it gives you against violence, is probably the most high-leverage tool that we’ve had against a massive state actor in history.” — Marty Bent - - - - CBDCs are the unwanted concomitants of Satoshi’s innovation: the state’s answer to the settlement improvements offered by Bitcoin, without any of the fundamental design features predicated on protecting individuals in the digital age. They represent everything Satoshi was working against: the chance for the state to fully capture and control people’s use of money with all of the inherent dangers to democracy and individual liberty that this brings. Technological developments akin to CBDCs were always going to manifest, but, it is obviously not a coincidence that work on them accelerated in the shadow of Bitcoin. For over a century, governments, central banks and other centralising institutions have had an unfettered ability to control and manipulate money; money printing and inflation rigged the system in favour of the dealer. Bitcoin offers a chance for a new and fairer system. Whilst it is easier for those with knowledge to identify the extreme contrast between the two forms of money, it is also clear how and why people believe CBDCs are a good idea. The state has an asymmetric power in pushing narratives; promoting the benefits of having the utility of instant digital transactions that safeguards against paedophiles, terrorists and money launders, will certainly seem like an incontestable advancement. It’s just that we know this isn’t the purpose. The ring leader in this global effort to retain central authority over money is being led by the Bank of International Settlements. The BIS is behind a number of pilot projects that sound like they were devised by a megalomaniac James Bond villain (Project Rosalind, Project Polaris). Playing the role of Blofeld is Agustín Carstens. In 2022 Mr Carstens stated “the soul of money belongs neither to a big tech nor to an anonymous ledger. The soul of money is trust… central banks have been and continue to be the institutions best placed to provide trust in the digital age.” Carstens believes that technology can’t make trusted money. He is expecting us to ignore the evidence of history where institutions have repeatedly abused the trust bestowed on them. And he is asking us to ignore Bitcoin.

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About This Footage

The interview with Agustín Carstens, former General Manager of the Bank for International Settlements (BIS), and Marty Bent, a Venture Partner at Ten31 and founder of TFTC.io, is a notable and interesting discussion on the potential implementation of Central Bank Digital Currencies (CBDCs) and their implications for Bitcoin. The conversation, which took place in 2022, provides valuable insights into the thoughts and perspectives of a high-ranking official from the BIS, an institution that plays a crucial role in shaping global monetary policies.

Carstens' expertise as a former governor of the Bank of Mexico and his experience at the BIS make him an authoritative figure on the topic of CBDCs. His discussion with Bent provides a unique perspective on the potential implementation of a global financial system based on CBDCs, which could have significant implications for Bitcoin's role in the financial landscape.

One of the most interesting aspects of this interview is Carstens' views on the potential risks associated with CBDCs, particularly in terms of their impact on individual freedoms and financial sovereignty. He notes that CBDCs could be used as a tool for governments to exert greater control over citizens' financial transactions, which raises concerns about the erosion of privacy and autonomy.

The conversation also touches on the role of Bitcoin in fighting against state actors who may seek to use CBDCs as a means of controlling citizens' financial activities. Carstens acknowledges that Bitcoin's decentralized nature makes it an attractive alternative to traditional fiat currencies, but he also expresses concerns about its volatility and lack of regulation.

Bent's questions and follow-up discussions with Carstens provide a nuanced understanding of the complexities surrounding CBDCs and their potential implications for Bitcoin. The conversation is characterized by a sense of caution and skepticism towards CBDCs, which highlights the need for careful consideration and debate on this critical issue.

The interview is also notable for its format, which allows for an in-depth discussion between two experts with different backgrounds and perspectives. The conversation flows smoothly, with both participants engaging in a thoughtful exchange of ideas that provides valuable insights into the world of finance and economics.

In conclusion, this interview with Agustín Carstens and Marty Bent is a must-watch for anyone interested in the intersection of finance, technology, and politics. The discussion on CBDCs and their implications for Bitcoin raises important questions about the future of money and the role of governments in shaping financial policies.

Editorial context researched and compiled from verified sources.