2026-01-09
An all-to-rare video from Nick Hubble, discussing the trends in the nature of money.
There's a lot to unpack and I'm not convinced that we all ought like lemmings to rush after the latest in crypto and risk plunging over an uncharted cliff, but it is something that probably is coming and must therefore be factored into the calculations that we make about our future financial health.
If and when (or vice versa) cash is done away with, what will we do?
In a world where trust has gone to the dogs (forgive the implied and unwarranted slur on our canine companions) I'm far from convinced that what he is discussing is the answer that solves all the problems.
On the other hand if it is an (or the only) alternative to your national CBDC, maybe it doesn't look so bad.
Money after all should serve two purposes - a means of exchange to eliminate the need for bartering, and a store of wealth (which can only be achieved by assuring that goods are available in the market when we come to spend it - so no conjuring loans from central or other banks or anyone else by simply pressing keys on a keyboard).
Does the new wave meet these requirements?
(37 minutes)
Like / Dislike this video here.
