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David Chaum, widely considered as the inventor of digital cash and a pioneer in cryptography, discusses his plan for a new system of payment, a commodity or asset-based digital cash that could be “better than money”. Chaum unveiled this plan at the Singapore Fintech Festival.
*This video was recorded on November 14, 2023
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0:00 – Intro
2:55 – David Chaum
8:15 – What is e-cash?
13:25 – C-cash
46:13 – AI and cryptography
#crypto #blockchain #money
45 Comments
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FOLLOW DAVID CHAUM:
David Chaum website: https://chaum.com/
Twitter (@chaumdotcom): https://twitter.com/chaumdotcom
A stable coin that constantly makes you money. Genius
I made it almost to the 12 minute mark of this video, but I think I've had enough.
It's all internet monopoly money
Great talk, and even better if Mr Chaum could invest in and use a good mic, hopefully, so we can hear him better in the future. Thanks for this very interesting interview, Mr Lin.
Bless him, but Bitcoin is here, he's still in 2003
LoL 😂 this guy is the inventor of ECash, it was CENTRALISED FOR GAWDS SAKE! It's in the butcoi white paper because they used the ECash model and DELIBERATELY chose to make it decebtralized and transparent (which was the actual hard part).
Bless him for the original concept, but he's like an old man married to his old project, and refusing to let it go dispite2 better ways than his, and he just won't let go because ihes stuck on his original creation.
It's the same reason things like adobe flash stopped being used in the internet, it was a great idea but things came along that proved it wasn't viable or made sense in a data hungry world .. but Adobe kept releasing new versions of the same program until it went bust…., he doesn't understand that it's redundant!
His idea is redundant.
I can use a smart contact to "sign over" titles of my assets to anyone on the planet using 1 Satoshi!
There is perfect bitcoin, then there is everything else. Choose wisely 😉
Fascinating
Pump n dump suckers still trying to push token products, pathetic.
Bro
I work in this industry and I'm constantly wondering why people insist on trying to make a product that no one asks for. It's the reason this industry is a dumpster fire. Everyone is just trying to reinvent the wheel for no apparent reason other than self wealth or prestige.
The more he talks, the worse it gets 🤣
Bitcoin fixes this
Na….
It’s not going to work for sure 💯
We have perfect assets called BTC 🏆
Man, DYOR $KAS
The value in decentralization is
priceless
There so many monetary schemes, hard to keep track. i like the idea of a 'central hub' accepting all sorts of payment transactions validations. i was awarded a USPTO patent for transacting payments on an electronic network, with a one time use number. Filed 1999, Granted 2003.
Pretty sure the whole country he was referring to is Liberland
This sounds really great, whatever it is. Because by listening I was unable to get a straight answer from the guy about what it actually is. But I think I like it.
Coinbase is already set up to do this. You can for example spend eth and get cash back in btc. From a programming perspective they'd just have to automate how deposits get allocated. This makes perfect sense. The system is a giant fund that allows you to own a fraction of a share. Unfortunately it still has to be denominated in some base currency so we can equate x amount of share A to Y amount of share B… so it doesn't replace money it replaces the banking and investment system.
Chaum built $xx in mexc for now.
Another Ponzi…
Cardven token is awaiting major CEX listings. Its possible to hit 100x this year.
I believe Cardven token will go 100x after launch on Binance
Any thoughts about Cardven Token? I myself think its the best thing since sliced bread.
Cardven Token is launching, 1000x gains. Thank me later…
You dont want to miss to invest in Cardven. Best crypto this year Brutal gains expected
I believe Cardven Token will change E-commerce forever. Thank me later!
Walmart and Cardven token just signed a collaboration??
There are way too many paid/spam comments. Big red flag. Looks like a pump and dump message board of a penny stock.
smells fishy. nobody does something out the kindness out their heart. especially when people bragging about just being a "good guy"
Another one who whished he had invented bitcoin 🤦♂️🤣 now he omvented something better that nobody will understand 🤷♂️
Hard pass. Don't drop the soap Mr. Chaum.
THIS IS ALL FOR THOSE WHO BELIEVE IN UTOPIA… EVEN STOCKS NEED MARKET MAKERS, SO CASH NEEDS SOMEONE TO CONTROL IT… BEST IS TO HAVE LAWS OF HOW TO MAKE GOVTS RESORT TO PRINTING ALL THE TIME – STRICT LAWS OF WHEN GOVTS CAN PRINT AND WHEN THEY CANNOT.. AND MOST BILLS TO GO THROUGH PUBLIC REFERENDUMS
Why reinvent blockchain?
Brilliant guy but he makes my head spin…
When he said that central banks are concerned about the people he lost all credibility.
This makes total sense to me.
Imagine if the world moved over to this – the markets would absolutely boom!
Could we see the BRICS implement something like this first??
$XEN to da moon
Within the last year or so, there was an interview with someone who had a new digital money scheme, a largely self-educated genius who passed course exams on day one because he had done the work in advance, a US citizen of color who said he was in negotiations with leaders in the financial industry. There was going to be a release of the scheme before long, hopefully. No connection to David Chaum.
I expected more from David
This guy makes no sense to me!
This was one of the worst explanations. It was hard to listen to him. He didn’t sell through any of his points. He was all over the place. Rough. I have no idea what this was.