Davos Needs to Wake Up to the Ills of Centralization
The lens of decentralization reveals a number of elephants in the room that world leaders at the WEF are missing.
Glenn Hutchins said up to 90% of $100 bills are "used for organized crime and tax evasion."
BoE Governor Andrew Bailey said cryptocurrencies "as originally formulated" are not the ideal form of digital currency.
The opportunity could be substantial for an already fast-growing crypto industry with a current market capitalization currently around $2.3 trillion.
The session will focus on the diminishing role of cash and the emergence of central bank digital currencies, moves accelerated by the pandemic.
Bitcoin's up as Davos ends. This is CoinDesk's Crypto News Roundup for January 24, 2020.
What 2018 and 2019 were to blockchain and cryptocurrencies on the WEF stage (met with a healthy mix of intrigue and skepticism), 2020 will be to synthetic media, also known by the ominous-sounding euphemism “deepfakes.”