Perspectives and Options on a Better Future for Money | Mathew Crawford and Joel Smalley

23 November 2022 | "The world is at a crossroads of financial crisis and opportunity with the public losing faith in government, the global financial system and fiat currencies in general. Essentially, there is no guarantee that your money is safe and its purchasing power will persist”.

Applied Statistician and Financial Quantitative Trader, Mathew Crawford and Quantitative Analyst and Chief Technology Officer, Joel Smalley put forward two competing options as "future money" - Bitcoin and commodity-backed tokens - both underpinned by blockchain technology but otherwise quite different. The former is natively digital and independent of any real-world asset, secured using Proof-of-Work consensus, the other is the "digital twin" of a real-world asset, secured using Proof-of-Stake consensus.

The discussion centres around those principal differences, their relative pros and cons that may, or may not, see either of them emerge as the future of money.

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