[02:44] Digital Currency – While digital currencies have become relatively recent mainstream phenomena, they have existed for decades. Scott discusses this new endeavor of developing digital currency.
[07:28] Adopting Digital Currency – Scott highlights the gravity of adopting digital currency in a country by assessing its dangers and possibilities.
[10:39] Transition – Scott outlines how moving from a conventional reserve system to digital money works logistically.
[13:37] China and Digital Currency – Scott broadly talks about China’s stance on digital currency from various angles.
[19:37] China and El Salvador – While China prohibits bitcoin transactions and mining, El Salvador accepts Bitcoin as legal tender. Scott shares his perspective on this schism.
[23:36] Role of USA – Scott discusses the options that the US may have in its arsenal to delay China’s deployment of programmable money.
[28:25] Banking System in the Future – Scott discusses the potential of more authoritarian counties attempting to implement controlled digital currencies, and his predictions for the global banking system in five years.
[35:23] Fiat Currency and Cryptocurrency – Scott shares his thoughts on that intersection between fiat currency and cryptocurrency.
[40:42] Artificial Intelligence – Scott briefly discusses artificial intelligence and his predictions for where it will go in the next five to ten years.
[48:48] Life with AI – Scott shares what applications he believes AI will enable in the following years.
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Mentioned in the Episode:
China’s Second Continent: How a Million Migrants Are Building a New Empire in Africa:
Edge of Chaos: Why Democracy Is Failing to Deliver Economic Growth and How to Fix It: