Оглавление
J. Christopher Giancarlo. CryptoDad
Table of Contents
Guide
Pages
CRYPTODAD. The Fight for the Future of Money
Foreword
Preface
Introduction
Antiquated Infrastructure
Internet of Value
The Digital Future of Money
Notes
Chapter 1 Down in the Swaps
Red Light
Swaps Breakdown
History of Derivatives
Agriculture Futures
Food for the Future
A Good Long Walk
Lemons into Lemonade
Meeting in a Tower
Notes
Chapter 2 Starting Grid
Moving on Up
Groovin'
Dot-Com
Who, Me?
Notes
Chapter 3 Heading Down the Highway
The Layout
Price Discovery
White Paper
Action by No Action
Position Limits
Notes
Chapter 4 Scanning the Horizon
Nighttime Driving
Precision Farming
Driving Through the Rearview Mirror
Peering over the Dashboard
High-Frequency Trading
Blockchain Briefing
Blockchain Security
First, Do No Harm
Round Up the Usual Suspects
The Subpoena
Feel the Road
Improving Signal to Noise Ratio
Notes
Chapter 5 Meeting the Locals
Summer Breeze
Politics or Policy
Your Money or Your Life
Making Introductions
Finger Food
Notes
Chapter 6 Taking Hold of the Wheel
Consequences
Taking Charge
Priority: Leaders
Building the Brand
Picking Captains
Street Smarts
Teamwork
Taste Test
Battle Ready
Fostering Innovation
Unanimous Confirmation
Seal of Office
Sign of Peace
Notes
Chapter 7 Bitcoin Approaches the Beltway
Bits and Bytes
Bitcoin Mining
From Silk Road to Main Street
Into the Fray
Bitcoin Rally 1.0
Preparing for Launch
Foreign Correspondence
Task Force Crypto
Notes
Chapter 8 Go Time
Taking Action
Covering Bases
Physical Delivery
Checking In
Counting Down
Good to Go
Band on the Run
Friendly Fire
Sounding the “All Clear”
Before the Council
Clear Mountain Air
Notes
Chapter 9 Facing Resistance
Battling Narratives
S.P.E.C.T.R.E
The Financial Stability Board (FSB)
Drinks for Two
Securities Offerings
Seeing Red
Clear as a Bell
Setting Things Straight
Notes
Chapter 10 “CryptoDad”
Kopper Kettle
“We Owe It to This Generation”
Notes
Chapter 11 The Oval Office
Come on Down
Mission Accomplished
Notes
Chapter 12 The Road Goes On
What Next?
Up in the Ether
Grand Tour
F.U.D
Peaceful Waters
New Measurements
Building a Math House
Here to Stay
Breaking Records
Notes
Chapter 13 Last Laps
Domestic Affairs
Hand on the Wheel
Back to Our Roots
Missing the Mark
International Affairs
Bridge over Brexit
Ministry of Silly Walks
Notes
Chapter 14 Checkered Flag
Turning in My Chips
Meet the New Boss
Boca
Taking Leave
Notes
Chapter 15 The Winding Crypto Road
Beside Still Waters
The Nature of Money
The Crypto Revolution
Stablecoins
DeFi
Peer-to-Peer Oversight
Crypto Native Regulation
Bitcoin Rally 2.0
Miami Vice
Inexorable Motion
Notes
Chapter 16 Digital Dollars
Fight for the Future of Money
Central Bank Digital Currency (CBDC)
A Digital Dollar
Digital Dollar
Drivers of Interest
Olympic Gold
Cutting Edge of Money
Competing CBDC Networks
All Together Now
US Pilot Projects
Expectation of Digital Privacy
Safety in Numbers
Back on the Mound
Notes
Conclusion Roadside Thoughts1
Philosophy of Value
Freedom and Responsibility
Spirit of Democratic Regulation
Free Markets and Free Peoples
A Future of Human Potential
Notes
Postscript
Appendix Remarks of CFTC Chairman
Introduction
Challenges and Opportunities of Virtual Currencies
Federal Oversight of Virtual Currencies
Virtual Currency Products: A Review and Compliance Checklist
Next Steps
The Choice
Conclusion
Notes
Acknowledgments
About the Author
Index
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Отрывок из книги
J. Christopher Giancarlo
Ella Jane, my mother, who taught faithfulness in living;
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In this wave, things of value—such as contracts for energy, agricultural, and mineral commodities; stock certificates, land records, and property titles; cultural assets like music and art; and personal assets like birth records and drivers licenses—will be stored, managed, transacted, and moved about in a secure, private way from person to person, without third-party intermediaries. This next wave of the Internet will shift the medium of trust from large centrally managed institutions to person-to-person digital handshakes powered and secured by cryptography, tokenization, and shared ledgers carried across a network of personal computers and smartphones. Think of the ability to send money or confer ownership over property by mere text message without having to go through an intermediary—a powerful bank or a credit card company—to authenticate who you are and the person you are sending it to. The opportunities will be no less transformative than what Uber did to mobility, Airbnb did to lodging, and Amazon did to commerce. We are only in the middle innings of what will be a decades-long digital revolution.
Ask yourself: When was the last time you mailed a stamped letter rather than sent an email? When was the last time you pasted photos into an album instead of stored them on your mobile phone? When was the last time you played a CD, cassette tape, or vinyl LP rather than listened to Pandora or Spotify? If the Internet could transform letter writing, photography, and music in one generation, it is naïve to think the Internet will not do the same to financial services and money. In a few years' time, writing a paper check will be as archaic as sending film to Kodak to be developed. So will sending money by wire transfer—or even via mobile apps like Venmo or Square Cash—since all these ostensibly “digital” methods still rely on costly intermediaries, such as banks and credit-card companies. Just over the horizon is a world in which we will soon send things of value directly to the recipient, mobile device to mobile device, without any third-party needing to assist—or take a cut.
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