All Things Crypto

ATC quote · Jul 1, 2024 · 0:37:38

“So the government... No government controls the USDC. So it's not the same technology. Either remember, it is on a chain, which is not the same as c... So CBDCs are not actually crypto at all, and…”

ALEX DAMSKER @AlexDamsker (speaker unconfirmed)

From ATC: DAVE & KOOL TALK ALL THINGS CRYPTO, Jul 1, 2024 · Episode page

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0:36:33 Voice C (speaker unconfirmed): Alright. So my question is... So maybe this is my tinfoil hat and being in the crypto space. Right? But one of the fee... Feelings that I have and one of the sentiments that I experience a lot in this space is that USDC is basically the the CBDC. Right? For all intents and purposes, it is a centralized, currency that they can pretty much shut off or change the way that it works going forward into the future. So I…

0:37:38 ALEX DAMSKER @AlexDamsker (speaker unconfirmed): So the government... No government controls the USDC. So it's not the same technology. Either remember, it is on a chain, which is not the same as c... So CBDCs are not actually crypto at all, and and they are programmable money. Right? So it's very different and and in my opinion, right, much more dangerous than than a crypto coin. So it may be manipulable. Thank you so much. But it is not controlled. I have a…

0:38:54 Voice I (speaker unconfirmed): right back.

Show discussion only, not financial advice. Transcripts are auto-generated.