In all debates on analogue and digital means of payment, "trust" is always at the centre of the discussion: trust in the state-social order, which stands as a guarantor for stability and security of the fiat money issued. In this respect, some would almost like to marvel at how Bitcoin & Co. have managed to gain such trust in such a short time that a market capitalisation in the billions has been achieved. One of the points is certainly the technological confidence in the non-manipulability of the blockchain. But is the blockchain really not manipulable, or is it rather a question of time before an attack will succeed? And what conclusions are central banks around the world drawing from this as they look at creating central bank digital currencies? Currencies designed to bridge the gap between the stability of analogue central bank money and the demands of our digital age. Perhaps the solution for a trustworthy and generally accepted today and now lies in a hybrid model: in a cryptocurrency, in form of a stablecoin, that is 100 per cent backed by physical central bank money. This means that every digital token has a unique physical counterpart (euro). Due to the tradability of the tokens, the flexibility of book money is paired with the guarantee of physical central bank money. Last but not least, a regulated trustee function guarantees that the existing and securely stored central bank money is always paired with its digital twin. Thus. the best of both worlds is firmly united.
WE live in one of the most fascinating times the planet has ever seen. A time when, due to enormous technological progress, we humans have the opportunity to improve the lives of so many in our society without sacrificing our own well-being.
TOGETHER we can create a better society. We should never forget that bringing people from different cultures and backgrounds together, discussing and reflecting on each other’s point of view already creates understanding and is the basis forward-thinking solutions. It’s also something that anyone of us can easily do. It is a path of peoples’ diplomacy. In times of great change, which automatically create uncertainty, it helps to provide participants in today’s discussions with historical and technological understanding and analogies in order to find better solutions for all possible consequences of new inventions on our society.
BALANCE. As a sailor with a strong passion for our oceans I have the firm conviction that the human race and nature must exist in balance. In order to maintain balance, it is important to be aware of possible imbalances. In order to generate the right attention, passionate scientists and passionate communicators are needed who address the general public with the important topics. With the support of the public and the possibilities of technology and diplomacy, people have repeatedly found creative solutions to the most difficult situations they have experienced in history.
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Upcoming keynotes, panel discussions, NGO events et al.
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