Displacing the Dollar: Is Crypto Robust Enough to be the New Reserve Currency?
summary
Conclusion: cryptocurrency faces technical and operational limits that keep it from supplanting the dollar in the near term. Key specifics: Bitcoin handles a handful of transactions per second compared with Visa 70,000 tps vs Bitcoin handful, mining requires massive hardware (GPUs, mining farms and terahashes per second), and attackers weaponize infrastructure and wallets (examples include ElectroRAT and WannaMine, GitHub/GitLab CI abuse). Market facts: >1,000 coins exist, BTC price >$50k, and single lost keys have cost millions.
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chapters (17)
- 0:00Intro
- 0:33Is cryptocurrency going to change my life
- 2:11What is the new reserve currency
- 3:16What is money
- 4:19Money leads to power
- 7:01Medium of exchange
- 8:35Ledgers
- 10:23Store of Value
- 11:43Russia
- 16:10Blockchain
- 18:15Mining
- 26:40Benefits
- 28:00Political Potential
- 29:20Risks
- 31:20Security
- 35:54Conclusion
- 37:56Investment Advice
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