In promoting stablecoin regulation and adoption, Build Canada is repeating patterns of hype similar to Facebook’s ill-fated Libra project. Libra, a private stablecoin later renamed Diem, had an ambitious vision that collided with real-world realities: a fragmented and highly regulated global payments landscape, subordination to fiat currency policies, competing goals, and grand ambitions to solve... Continue Reading →
Field Report: 2nd Annual Blockchain Conference – Toronto
Last week, I attended the 2nd Annual Blockchain Conference in Toronto. Given recent cryptocurrency turmoils, I was hoping for an even-keeled event, but the name of the game was hype. Statements like "...everything will be tokenized...", "...blockchain will help solve child labour" or "...will eliminate inequality" were thrown around. To borrow terminology from Gartner's Hype Cycle I... Continue Reading →