In this episode of TechCentral, we bring you a wide-ranging and fascinating discussion with cryptocurrency expert Farzam Ehsani, the blockchain lead at Rand Merchant Bank and chairman of the South African Financial Blockchain Consortium.
Ehsani, a leading thinker on blockchain technology, believes crypto money is not only going to reshape the world’s financial systems, but also fundamentally shake up geopolitics and the global social order.
In the podcast, he talks about the nature of money — what it is, where it came from, how it gets its value and why cryptocurrencies challenge so much of what we’ve become accustomed to.
He talks about the open letter he wrote to JPMorgan Chase CEO Jamie Dimon and the role of banks as government-backed fiat currencies become undermined (and possibly destroyed) by crypto systems. The discussion explores the future of central banks — if any — in this new world order.
Can crypto money be regulated, and is it desirable to attempt to do so? And what happens if governments lose their ability to monitor money flows — and their ability to tax? Does it mean the death of the nation state as we know it? Ehsani not only believes the system of nation states is going to go away, but that what emerges in its wake — after a period of possibly intense instability — is likely to be much better.
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