• Mission-driven cryptocurrency requires an active commitment to equity
• Leaders of global CBDC projects talk shop in panel today

Reading Notes

Doing Good

Doing good costs time and money, and it is rarely profitable.

If it were so easy and rewarding, the financial exclusion would likely not be a problem for billions of people in the first place.

But that is the point.

If a company is to claim that it is mission-driven, it cannot simply make its products and assume that it will be used for good.

Even if that assumption is correct, a mission-driven organization must-do part of that work itself if it is to ensure its products and work are directed toward doing good.

Cryptocurrencies

Cryptocurrencies can create a financial infrastructure uniquely suited to addressing financial exclusion, but without enabling easier access to that infrastructure, its benefits are not fully realized.

The real barrier is poverty and people’s inability to access the most basic infrastructure, including the internet and smartphones, which are outside of a cryptocurrency company’s direct mandate.

A mission-driven company will have to understand the societal problems of today and determine when they can be solved by technology and when they require something more entirely.

https://cointelegraph.com/news/mission-driven-cryptocurrency-requires-an-active-commitment-to-equity

Leaders of global CBDC projects talk shop in panel today

“The challenge is not so much technology in itself, but it’s more about — we have to choose what sort of policy objectives do we want to focus on, what is the problem we want to solve. Depending on what that is, and the purposes we want to serve, then you choose the technology after that.” ~ Cecilia Skingsley, First Deputy Governor of Riksbank, the central bank of Sweden

“If there’s a winner, I don’t think the winner is necessarily who’s first and the loser is necessarily who’s last. What matters is, which central bank successfully incorporates its societal values in the successful development of CBDC. On the other hand, one can’t be too late to the game here.” ~ J. Christopher Giancarlo, former U.S. CFTC chairman.

https://cointelegraph.com/news/leaders-of-global-cbdc-projects-talk-shop-in-panel-today

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