If the world is getting a new currency, will it be led by CBDCs, a permissionless blockchain like Bitcoin or a permissioned chain such as Diem? I think for a period of time, we are going to have all of the above. Some countries like China are strongly pursuing the CBDC route, which gives them more surveillance and control over their economy and population. They’ll have a greater ability to surveil transactions, block transactions, automatically debit people’s accounts based on infractions or ...