Robert Hockett joins Steve to talk about his latest book, The Citizens’ Ledger: Digitizing Our Money, Democratizing Our Future. The episode is right at home in our archive of interviews around the topics of fintech, digital wallets, cryptocurrency, CBDCs, and privacy. We urge our listeners to look up past episodes featuring Brett Scott and Rohan Grey.
Just about everyone acknowledges that digital payment systems offer enormous convenience, but we’re equally aware they come with a cost – we lose all claim to privacy. Bob presents sound arguments for halting the private takeover of the public commons.
“If we think in terms of the commons … you might say that what the private sector fintech industry is trying to do, and what the private sector crypto industry seems to be trying to do, is to displace actual physical cash; in effect to take away that commons and replace it with a bunch of proprietary fiefdoms.”