the CBDC route, which gives them more surveillance and control over their economy and population. They\u2019ll have a greater ability to surveil transactions, block transactions, automatically debit people\u2019s accounts based on infractions or their social credit score, and program money so that it can only be used in certain places or certain times. It will also give them the ability to go around the SWIFT system, to give them more control over their international commerce with some of their trading partners.\u00a0<\/span><\/p>\nMost other central banks have not done as many years of research into CBDCs as China has and are not able to move that quickly into a new currency system. I think what we will likely see in the United States is a growing usage of regulated and permissioned stablecoins, including entities such as USD Coin, Diem and others. This can be thought of as a public\/private partnership in some ways as these technologies get more integrated into the banking system.\u00a0<\/span><\/p>\nMeanwhile, Bitcoin has been operating for nearly 13 years with increasing adoption and is the digital asset that can be thought of as sufficiently decentralized, with the battle scars to prove it. My expectation is that it\u2019ll continue to grow over time and become an increasingly attractive form of global collateral and global money. I think the world will maintain various currencies in various ways, but I expect Bitcoin to grow its market share quite a bit from its current small levels. I certainly wouldn\u2019t bet against it, and unlike CBDCs and stablecoins that degrade in value over time, Bitcoin represents a way for everyone to have inflation-resistant, confiscation-resistant savings that they can custody if they choose to.\u00a0<\/span><\/p>\nI\u2019ve compared this to <\/span>Game of Thrones<\/span><\/i>. All the political leaders and their kingdoms fight for power and status, while an exponentially growing army of White Walkers builds from beyond the walls, with little respect for the human politicians\u2019 plans and schemes. Politicians have plans for their currencies, but for many people, Bitcoin represents a better form of savings and, in some circumstances, a better form of payment as well \u2014 and these advantages might very well interfere with the politicians\u2019 plans.<\/span>
<\/b><\/p>\n\u00a0<\/p>\n
4 \u2014 What talent do you lack but wish you had? How would you use it if you had it?<\/b><\/p>\n
I lack talent in music. There are some things that I learned \u2014 I had a knack for them, like math and science. I also am decent at some creative areas like writing and storytelling. But music is a big weakness for me. Whenever I tried to learn instruments, it was a slow process and never really clicked for me. When I was a kid, I had a dream of playing in a rock band, but I didn\u2019t know the first thing about how to do that. Other dreams were ones that I had tangible ways to accomplish.\u00a0<\/span><\/p>\nMy husband can hear a song and then reverse engineer it in his head and play it on the piano. He wasn\u2019t taught to do that, it just comes naturally to him as a talent. I don\u2019t even know where to start with that \u2014 it\u2019s like hieroglyphics to me.<\/span><\/p>\n\u00a0<\/p>\n
5 \u2014 What do your parents\/significant other\/friends\/kids tell you off for?<\/b><\/p>\n
That I\u2019m a workaholic.<\/span><\/p>\nI\u2019m not as social as I should be, and I tend to prioritize work over relationships. I tend to get self-absorbed in my work and not show enough appreciation for the wonderful accomplishments, interests and activities of loved ones in my life. It\u2019s something I consciously try to improve, and I do think I\u2019ve gotten better at it over time, but it\u2019s a challenge for me.\u00a0<\/span><\/p>\nA lot of people have trouble getting started on a project or thinking of things to do. They have ideas, but they lack initiative or execution. I have the opposite problem where there are a ton of things I want to do, and then I actually start them and work toward completing them \u2014 which on its surface is a good thing, but it comes at a cost. I usually feel on edge if I\u2019m not pursuing an objective and am not good at just \u201cbeing.\u201d\u00a0<\/span><\/p>\nThere is a healthy balance, and I haven\u2019t achieved it quite yet.<\/span><\/p>\n\u00a0<\/p>\n
6 \u2014 What\u2019s the future of social media?<\/b><\/p>\n
My hope is that it becomes more decentralized over time. When social networks buy other social networks to become networks of networks, I don\u2019t think that\u2019s healthy for society.\u00a0<\/span><\/p>\nPendulums tend to swing too far in one direction and then eventually get pushed back hard in the other. On one hand, giving everyone a platform has made for a period of incredible innovation and connectivity and has weakened the gatekeepers. On the other hand, algorithms and pick-your-own-news sources have a tendency to pull people into echo chambers and contribute to polarization in society.<\/span><\/p>\nA large part of the rise of mega-corporations over the past decade is a result of benefiting from user data and making users the product rather than the customer. Google and Facebook did this abundantly by offering free software in exchange for collecting a lot of information from them. Amazon also collects a ton of data from retail companies on its platform and then develops its own in-house products based on that data.<\/span><\/p>\nIt seems to me that people will wake up and want to take back their data. There will hopefully be better browsers, better search functionality and better networks, where people become more actively aware of the data being taken from them and start to take it back.<\/span>
<\/b><\/p>\n\u00a0<\/p>\n
A wish for the blockchain community:\u00a0<\/i><\/b><\/p>\n
I wish for the blockchain community to lengthen its time preference and focus more on what can be built over 12 years and less on what can be hyped in 12 months. There is a tremendous opportunity here to focus on building solutions that make the world simultaneously more connected and yet also more private, by giving individuals more control over their money and data. The more successful this is, the more it will reduce boundaries that people cannot control, while also allowing them to put up boundaries that they want to. <\/span><\/p>\n<\/div>\n
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