187. Mic Drop: Crypto and the man: Prof. Lamont Black on Donald Trump’s federal bitcoin reserve

187. Mic Drop:加密货币与人:Lamont Black 教授谈唐纳德·特朗普的联邦比特币储备

Click Here

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2024-11-29

18 分钟
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单集简介 ...

Crypto was envisioned as the ultimate democratic currency, the thing that allowed you to buy things without “the man.” But, now the president-elect’s newfound interest means “the man" may be adding bitcoin to the federal reserve. We ask DePaul University professor and former Fed economist Lamont Black what will the digital currency do now?
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单集文稿 ...

  • From Recorded Future News and prx, this is Click Here.

  • Did you ever in a million years think that crypto was going to be sort of embraced by the man?

  • I guess that's where we are now, huh?

  • Yes, we are.

  • I'm Dina Temple Raston and this is Click Here's Mic Drop, an extended cut of an interview about something we think you'd like to hear more of.

  • And today, the fight for the soul of cryptocurrency.

  • Money is really a social phenomenon.

  • Crypto doesn't have value.

  • The dollar does not have intrinsic value.

  • It is only value that we associate with it as a community of people.

  • We talked to an old friend of Click Here, Professor Lamont Po.

  • He used to be an economist at the Federal Reserve bank in Washington, D.C.

  • and now he teaches a cryptocurrency course at DePaul University in Chicago.

  • We wanted to talk to him about Donald Trump's newfound love affair with cryptocurrency and what it means when the President elect says he plans to set up a strategic crypto reserve.

  • United States of America will keep 100% of all the Bitcoin the US government currently holds or acquires.

  • This will serve in a effect as the core of the strategic national bitcoin stockpile.

  • Stay with us.

  • Do nice guys really finish last?

  • I'm Tim Harford, host of the Cautionary Tales podcast, and I'm exploring that very question.

  • Join me for my new miniseries on the art of fairness.