Dawie Roodt explains why cryptocurrency will change the world

[dropcap]M[/dropcap]all TechCentral readers know the name Dawie Roodt. He is Chief Economist at Efficient Group and undoubtedly one of South Africa’s leading economists.

Roodt gave a fascinating presentation on Wednesday evening at the Free Market Foundation in Johannesburg, where he spoke about cryptocurrencies such as bitcoin and ethereum.

He begins the presentation by talking about the state of the global economy, then zooms in on the state of the South African economy, before moving on to a discussion of the digital economy and the different types of money, including including cryptocurrencies.

To paraphrase Roodt, the governments of the last few decades have become big and lazy, and central banks have become omnipotent. In the presentation, he explains how virtual / crypto / private / decentralized money will impact finance and why we could see the end of banks, including central banks, and even lower taxes.

Hear Roodt explain why these developments could lead to the end of monetary policy and a much smaller state.

Roodt’s presentation is long, but very informative and very entertaining. You really don’t want to miss this podcast.

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