Podcast: “Be open minded, I get that people don’t all like CBDCs.”

1:05:34 “Be open minded, I get that people don’t all like CBDCs. I get it from Bitcoin maximalists on one side and bankers on the other.”

A very special podcast that covers lockdown in Shanghai as well as the latest developments in CBDCs!

A big thank you to Darren Lee for inviting me back to the “Kickoff Sessions” Podcast! Darren is a frequent contributor to our communities discussions here on Linkedin and I had a blast talking with him again! I dropped lots of truth bombs!

This podcast is different and very special. We did not focus on CBDC but talked a lot about life in Shanghai’s lockdown and what it means for the future. Let’s face it locking down a city of 25+ million for 2 months is a big deal and makes for an interesting discussion!

One follow on Shanghai lockdowns. A neighborhood about 500 meters north of mine just went back into lockdown a few days ago so don’t think that this is over! It’s not.

We need to test at least every 72 hours or our green QR “health code” turns yellow! My supermarket requires that you test within 48 hours for entry!

This should give you some idea of what the “new normal” is like. Every day I cross my fingers that my 1000 neighbors in my apartment compound don’t have a case because it may mean lockdown for us all!

1:06:23  “The American Bankers Association just wrote a response to the Fed’s CBDC report, you think that CBDC was the spawn of Satan and destined to bring down the banks immediately.”

Timestamp for a fun podcast!

00:00 Preview

00:56 Richard Turrin’s newsletter

02:04 What is life like living in Shanghai, China?

03:12 How has China’s zero covid policy been felt in China?

07:14 Has there been food shortages in Shanghai?

11:05 Has media in the west caused more conflict with the east?

16:30 The rising inflation rate across the world today

18:56 Will western tourists return to China after lockdowns?

23:30 Have central bank digital currencies (CBDC) become mainstream?

27:44 Will CBDC track a user’s transactions online?
🔥MUST LISTEN🔥

31:56 Why would someone want to use CBDC?

Note: I said “credit card” fees I should have said “payment fees” which includes bank and other fees for transfers not just credit cards. EU % is 1.4 not 1.6.

🔥Truth bomb: Regressive nature of credit card fees.🔥

37:35 The difference between CBDCs & Bitcoin

🔥Truth bomb: Decentralization is a myth! 🔥

41:06 Coinbase & exchanges holding positions as collateral

44:33 The two biggest concerns in the crypto market

🔥 Crypto has a moral problem.

48:18 What are the risks of Terra Luna & stable coins?

52:30 What have you learned from crypto fraud issues?

56:50 Why will DeFi & TradFi combine in the future?

01:03:22 The disadvantages of credit cards in economies

🔥Spend whatever makes you happy!

01:07:30 Where can people find you?

Thank you again to Darren for a great discussion! I loved his questions!

Thoughts?

Podcasts here:

Apple: https://apple.co/395iKvx

Spotify: https://spoti.fi/3xk7DXS