Episode 238 - The Dangers of CBDC with Guest Joe Vezzani

Are you a Californian who feels like your views on politics in California are not popular? Do you feel like no one will agree with you? Feels like when you meet someone who does agree you are part of a secret underground club of people who think like you? Then join us on the California Underground Podcast to hear others who share your views and solutions to save our beautiful state.  On this episode, we are joined by Joe Vezzani the CEO and Co-Founder of LunarCrush to discuss the dangers of Central Bank Digital Currency as well as how Bitcoin can help combat the impact of CBDC. Chapters 00:00Introduction and Background 03:03Understanding Bitcoin 07:48Central Bank Digital Currency (CBDC) 14:53Concerns about CBDC 21:16Potential Impact of CBDC 26:49Controversial Aspects of CBDC 34:43Bitcoin as a Response to CBDC 42:40Confusion between Bitcoin and CBDCs 43:22Concerns about government control 43:49Finite supply of Bitcoin 44:43Long-term perspective on Bitcoin 45:12Bitcoin's thoughtful design 46:29Politicians and CBDCs 47:39Security risks of CBDCs 49:35Alternatives for those who don't want to participate in CBDCs 51:40Final thoughts on CBDCs This episode was recorded on 12.5.23 *The California Underground Podcast is dedicated to discussing California politics from a place of sanity and rationality.* Support California Underground on Patreon at www.patreon.com/CaliforniaUnderground Follow California Underground on Social Media  Instagram: www.instagram.com/californiaunderground YouTube: https://www.youtube.com/channel/UCj8SabIcF4AKqEVFsLmo1jA Substack: https://substack.com/profile/72986149-ca_underground Shop California Underground Merchandise: https://california-underground.creator-spring.com