⚡️👀 WATCH - This is Hyun Song Shin, Head of the Monetary and Economic Department at the Bank for International Settlements.
He explains the key difference between Bitcoin and their proposed “Unified Ledger” system for tokenizing central bank money.
https://blossom.primal.net/fe188003d1ff5ca75dba9a105652a410dab14f4c23215fc820fb63dee9984112.mp4
It is in his best interest to down play trust, but it is a massive issue. Financial institutions are able collateralize the aggregate money supply by at least10x its value and manage this as a risk. We are suppose to accept that their risk isn’t going cause an issue impacting our money. The alternative is for us to use #bitcoin or hard assets and not worry about the risk.
What he said is a bunch of nonsense that doesn’t mean anything.
