Anything That Can Be Digitized, Can Be Financialized
Anything That Can Be Digitized, Can Be Financialized
Emmanuel Daniel, Founder of Asian Banker and Author
In episode 79 of The Payments Show Podcast, I spoke to Emmanuel Daniel.
Emmanuel is the Founder of Asian Banker, a Thought Leader in the future of finance, and Author of the book titled "The Great Transition: The Personalisation of Finance". This was a fascinating episode as we discussed many important topics such as the Network Economy, Debanking and Censorship, CBDCs, Cybersecurity, and much more.
AUDIO VERSION: thepayments.show
Episode Highlights:
GDP: Ephemeral Assets to Exceed The "Real" Economy
Anything that can be digitized, can be financialized. The Bureau for Economic Analysis in the US in 2013 restated the composition of GDP in the US to start including more ephemeral assets such as franchises, entertainment, software licenses and intellectual property. To start adding data assets as a component of the GDP, and as these things become more financialized, the entire GDP starts to look different. The ephemeral components of the economy are going to be more valuable than the real economy.
Banking Sector Missed APIs
The banking industry totally missed the API revolution. The banks were treating API Developers as patch solution vendors. Meaning IT vendors whose only job is to solve a legacy problem that exists within the bank. That API revolution then went into blockchain APIs. And banks missed that too!
Banks and Stablecoins
It is not inconceivable that banks will one day compete to issue their own stablecoins …it then moves the industry from being a preservation of wealth to utility.
Why CBDCs Will Fail
What governments try to do is to try and come up with synthetic versions of them (cryptocurrencies), which is what central bank digital currencies are. But central bank digital currencies just cannot compete with the energy of the open-source application development that's taking place in the token universe.
