- US acting comptroller of the currency, Brian Brooks, with an on the face of it remarkably conciliatory FT OpEd on the emergence of DeFi and regulation of “self-driving banks”: “Could we usher in a future where we eliminate error, stop discrimination, and achieve universal access for all? Optimists like me think so. How different would banking in the US be today if regulators, bankers, and policymakers were as bold as carmakers 10 years ago?”
- And then the same Mr. Brooks was out of his job.
- Bitcoin.com interview with Kim Dotcom on his belief in the continued growth of the Crypto economy, increased use of Bitcoin Cash and the debasement of fiat money: “Simply because governments are printing money to finance debt. In the U.S. alone in 2020, over 30% of all the U.S. dollars in existence have been created during the year.” But also warning agains Crypto tribalism:
We will see a steady rise of people adopting cryptocurrencies. It is only roughly 3% of Internet users that have had any contact with crypto. The upside potential is enormous. The more people learn about the benefits of cryptocurrencies, the easier it becomes to use and the safer it becomes to use. With those improvements, more people will engage and that is part of my mission. We need to do a good job of marketing crypto better.
The crypto community also has to come together and work together toward that effort because the sooner we have critical mass, the better for everyone involved in the crypto space. I see a lot of infighting, I see a lot of tribal negative arguments and they are counter-productive. We should all just work together to make sure that users feel safe coming into this space. So the first thing they see is not all these arguments and bickering about what is the best cryptocurrency.
- It has evidently not dawned on Madame Lagarde that she might be the one who has issued “highly speculative” and who is facilitating “funny business”.
Western Decline 