Attention Economy


Sunday, April 4, 2021

Digital Currency and the Future of Money

Don’t Let China Mint the Money of the Future
China wants to take the entire country cashless — and surveil its citizens even more closely
https://www.washingtonpost.com/opinions/2021/03/02/china-digital-yuan-currency-surveillance-privacy/ 

Central Banks Edge Toward Money’s Next Frontier in Digital World
https://www.bloomberg.com/news/articles/2021-02-05/central-banks-edge-toward-money-s-next-frontier-in-digital-world
 
What is the fuss over central-bank digital currencies?
https://www.economist.com/the-economist-explains/2021/02/16/what-is-the-fuss-over-central-bank-digital-currencies
 
The rise of Central Bank digital currencies
https://www.atlanticcouncil.org/blogs/econographics/the-rise-of-central-bank-digital-currencies/
 
Beijing is exploring digital yuan cross-border payments by joining with Hong Kong, Thailand, UAE and the Bank of International Settlements
https://www.scmp.com/tech/policy/article/3122924/beijing-exploring-digital-yuan-cross-border-payments-joining-hong-kong
 
Fed's Digital Dollar Would Look Nothing Like Bitcoin
https://www.bloomberg.com/opinion/articles/2021-02-25/fed-s-digital-dollar-would-look-nothing-like-bitcoin 

LSE’s Jon Danielsson notes:
https://voxeu.org/article/what-happens-if-bitcoin-succeeds
As the price of bitcoin continues to rise, this column argues that most of us would not want to live in a society where bitcoin succeeds. Fortunately, the internal contradictions and perverse consequences of cryptocurrencies' success mean that they are destined for failure. Until then, it might make sense for speculators to ride the cryptocurrency bubble, so long as they get out in time.