Are Crypto Currencies and Blockchain the answer or a disaster?

Blockchain has been trumped as an amazing innovation with applications everywhere to deal with the ‘trust issue’. Bitcoins, which use blockchain, have become worth 10’s of thousands of dollars each, but also been incredibly volatile. They also turned heads in the Dragons Den with a seemingly fail safe get rich quick scheme. Meanwhile Nobel prize winning Economist Joe Stiglitz said it should be banned as a tool for criminals and tax evaders.  So what is the truth? How does blockchain work? Why as a digital currency does Bitcoin take vast amounts of energy to ‘mine’? Why is it the darling of extreme libertarians? Is it really proper money at all or does it come out of the past lack of understanding of money by economists?

Frances Coppola, financial commentator, discusses crypto currencies and blockchain with Steven Garner, Director of Grandeo, a blockchain technology company.

Frances Coppola

Frances is a writer and commentator on banking, finance and economics. Her blog Coppola Comment is widely read and her writing has featured on the Financial Times, City AM, The …

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Steven Garner

Steven Garner FCA is the CEO of Grandeo Labs, a blockchain technology company. He also advises a crypto currency index fund and a data protection training company. He has many …

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