Digital Cash: What It Is & How It Works
summary
Survey of 3,000 people finds top demands are no fees, usable offline, and 100% secure and European stats show Denmark 392 card transactions per person per year Lithuania 444 Germany 99 while 13 million adults in the EU are unbanked 13 million unbanked in EU. Pilots run in Ghana and a 20,000 users pilot in Thailand model money as tokens meaning token = key pair with custodial or bearer wallets, favor a two‑tier non‑DLT architecture, accept the trilemma: offline, loss recovery, no double-spend and reject core programmability and interest bearing legal tender.
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chapters (17)
- 0:00Intro
- 1:03Who uses card payments the most?
- 5:41Types of money
- 7:51Basic functions of money
- 9:47Can we combine all advantages?
- 10:04CBDC: Central Bank Digital Currency
- 11:56What do users want?
- 17:34Creation, distribution, usage
- 19:38Summary
- 21:21Trilemma
- 23:44Modeling digital cash after physical cash
- 25:56Where is my money?
- 28:06How does a transaction work?
- 33:43Security requirements of (digital) payments
- 34:52Will this run on DLT?
- 37:26CBDC & programmability
- 41:44Outro
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