Important conversations you don’t get from the mainstream
18th July 2022 |
Today’s update is relatively brief.
As you will have seen, on Friday we sent out a special broadcast to you. After some moves on the chess board, I managed to arrange to sit down one-on-one with Maajid Nawaz to talk about central bank digital currencies (or central bank-backed digital coupons as Maajid puts it) and the power of decentralised currencies.
It’s arguably one of the most important conversations I’ve had over the years about the direction of the traditional financial system and the way in which the crypto revolution is fighting back.
If by chance you missed the 44-minute conversation we had, please make sure to check it out here.
If you’ve never heard of Maajid before, and perhaps want some context without reading his book, Radical, which I should add is enthralling , then check out his episode on The Joe Rogan Experience podcast. If you’ve got Spotify, you can find that episode here.
The importance of our conversation cannot be understated.
Its relevance is timely as one of the front runners for the leadership of the Conservatives and subsequently prime minister, is Rishi Sunak – who’s an advocate for such “innovation” in the financial system.
It does give pause for some concern about the direction of the traditional financial system. But at the same time it reinforces something we’ve been writing to you about now for a number of years…
… the true significance of the crypto revolution.
The “right to exit” as Maajid explains is a fundamental right that I reckon you’ll be hearing a lot more about over the coming years.
What cryptocurrency does is give you the power to exercise that right from the traditional financial system.
Of course, none of us are naïve to the fact you can’t just completely opt out of the financial system. It is too ingrained in the very fabric of society. It has a couple of thousand years’ head start on digital currencies like bitcoin.
But… a shift is underway. There is a revolution that will play out over decades, maybe even centuries, that will look very different from what we see today.
While the end game is never easy to comprehend, we can see a lot of pieces coming together from the erosion of trust in centralised authority to the tools that empower individuals to control more of their freedoms.
This all points to a pathway which I don’t think society will deviate from in a hurry, perhaps ever.
This pathway is one where many types of decentralised currencies, and not just bitcoin, provide an alternative financial system that isn’t centralised and controlled by an elite few. We are speaking here about a new world where the direction of people’s lives is NOT determined by some stupid, childish television debate to choose a “supreme leader”.
A future of decentralised cryptocurrencies is one which tips the balance of power away from the state, the central bank, the power and wealth hoarders, back to the individual – which means, to you.
Along that path there are and will be opportunities for you to generate your own new wealth as an early mover, early adopter and early investor.
It’s the very core fabric of why we began writing to you about this all. It’s why we might occasionally sound like a broken record about our view on where this is all heading. It’s why we will continue to bring you the content that matters. It is also something that you don’t get in the mainstream media – such as our conversation with Maajid.
The time to immerse yourself in the opportunity that decentralised currencies and crypto networks brings is now. And hopefully you’ll see from our conversation with Maajid just how powerful that can be.
That’s why you will find our video in your Southbank Investment Research login. Further, it’s available on the Southbank Investment Research YouTube channel. We’d appreciate that if you view the video, and like it and think like us it’s important, to share it with people you know to help them also open their eyes and minds to what’s happening.
And finally, if you’ve got any questions about our conversation, or any feedback, or thoughts, or if you’d like to get us to speak again with Maajid, or anyone else (that we can reasonably try and line up), please write in and let us know: editorial@southbankresearch.com.
Crypto to Know
Below is our “Crypto to Know” list where you’ll find several cryptos that we think you should be taking the time to learn and understand.
They each form an important part of the burgeoning crypto ecosystem.
Several of these cryptos are doing very different things to others.
What’s key is to learn that every crypto has its own use cases, its own guiding principles, and its own particular potential.
Each crypto is to be judged and assessed on its own merits.
Our aim here is to help you understand these cryptos and the wider crypto world.
These aren’t specific recommendations but a guide to help you learn and build your confidence in operating in this space.
We will add more names to this list over time. However, if you’re new to the world of crypto, these are the names where we think you should start your education and learning.
We’ve also added links to each one.
The links are to what we believe, in each case, is the best resource for learning about that crypto.
“Crypto to Know” watchlist
- Bitcoin – it/wiki/Main_Page
- Ethereum – ethereum.org/en/what-is-ethereum
- IOTA – docs.iota.org
- Tezos – https://tezos.com/learn/getting-started/
- Filecoin – docs.filecoin.io
- Cosmos – v1.cosmos.network/intro
- Binance – binance.com/en/about & research.binance.com/en/projects/bnb
- FTX – ftx.com & help.ftx.com/hc/en-us
- Solana – https://docs.solana.com/introduction
- Secret Network – https://scrt.network/about/about-secret-network
Sam Volkering
Editor, Sam Volkering’s Crypto Network
